Mexican authorities report on 50 investment projects in Cuba
From 2014 to date, Mexico has listed 50 investment projects in Cuba, 19 of which are already in operation, said Foreign Minister Jose Antonio Meade.
As a result of the process of trade liberalization in Cuba and updating the bilateral legal framework, ProMéxico, a Mexican organization dedicated to the promotion of investments, opened an office in that country, he added during his participation at the World Economic Forum for Latin America, held in Riviera Maya.
Meade explained that the first project approved in the Mariel Special Development Zone, an area where direct foreign investment is encouraged, was Mexican: "Yesterday four licenses were approved to operate a ferry and one of them was Mexican."
The general director of foreign investment in Cuba , Deborah Rivas, highlighted opportunities in the food sector of the island. "We are promoting investment in 11 sectors, including food. The invoice for food in our country is of more than 2,000 million dollars a year; the food industry , in which the first user of the zone is a Mexican company that will produce food, is vital for us", he said.