Caribbean countries show interests in investing in Cuba
- Submitted by: Juana
- Business and Economy
- 06 / 03 / 2016
The Caribbean nations show a growing interest in having joint business with Cuba, after the coming into force of the Law on Foreign Investment in 2014, was reported today in Havana.
José Chaple, an official with the Cuban Foreign Trade and Investment Ministry delivered a keynote speech in the framework of the 7th Summit of the Association of Caribbean States, underway in Havana, where he analyzed the new trend.
He said large business delegations have come into Cuba from México, Panama, Costa Rica, Trinidad and Tobago, Jamaica, Barbados and Guatemala to learn on the new investment opportunities.
The conference dealt on the existing business already operating in the Mariel Development Zone, west of Havana city, and on the advantages for Caribbean companies that could set shop in that area.
The countries that are together in the ACS are and important potential market for Cuba, with a combined GDP of 14 thousand dollars, and with almost 40 million tourists visiting them every year.
During the last two years, Cuba exported to other ACS members medicines, chemical reactive, seafood, rum, cigars and alcohol, and imported from them oil, herbicides, industrial and eatable oils and food.