CUBA, October 7, 2014. In November Cuba will officially present its portfolio of business opportunities, designed to attract foreign investment in key sectors of Cuban industry in order to stimulate the national economy.
Omar Fernández, secretary-general of the Cuban Chamber of Commerce, speaking to AIN, confirmed that Cuba’s business opportunities – established within the country’s new legal framework to regulate foreign investment – will be presented during the 32nd Havana International Trade Fair.
Fernández stated that to date numerous meetings with national and foreign businesses have been held in which the general principles in this sector as established by Law 118 – approved by the Cuban Parliament in April and implemented in June – were explained.
During the Fair, representatives from key sectors such as renewable energy, agriculture, industries and tourism will detail their projects, specifically designed for foreign businesses.
From November 2-8, in Havana’s Expocuba pavilion, almost 4,500 exhibitors from 60 countries will present a wealth of goods and services, further consolidating the FIHAV as an avenue through which to promote international links with Cuba.
According to experts, Law 118, which replaced Law 77 from 1995, responds more effectively to Cuba’s current and future economic needs; to revive industry and increase the competitiveness of Cuban products on the world market.