• Submitted by: Camila
• Business and Economy
• 03 / 04 / 2015

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The food company Richmeat of Mexico SA de C.V. became the first international company to obtain approval of Cuba to invest in a processing plant and meat packing in special development zone created in the Bay of Mariel, reported Saturday the chancery of Mexico.

The project involves an investment in the food sector to be named Richmeat of Cuba, SA, and is the processing and packaging of meat products.

"This achievement is the result of the relaunch of relations between Mexico and Cuba, one of the main objectives has been to increase the presence of Mexican firms on the island," said Foreign Ministry note that not divulge details on the amount of investment signature, nor come into operation when the plant.

The statement added that the company representatives received the support of the Embassy of Mexico in Cuba and commercial counseling Promexico on the island throughout the process.

The announcement came as part of a meeting held on Friday at the Mexican Foreign Ministry between Undersecretary for Latin America and the Caribbean, Vanessa Rubio Márquez, and Ambassador Carlos Miguel Pereira Hernandez, CEO of Organization, Planning, Information and Analysis Foreign DeCuba.

Mexico is the third largest trading partner of Cuba in Latin America. In 2013, bilateral trade was 386 million dollars. Meanwhile, Mexican investments in the island totaled $ 730 million.

Since the Brazilian consortium Odebrecht completed more than a year ago a new port terminal in special development zone Mariel, Cuba's government has made numerous international efforts to seek investors for the project.
 
Source: Martí Noticias