Cuba will expose potentialities of foreign trade in virtual event

Cuba will expose potentialities of foreign trade in virtual event

Business

CubaPLUS Magazine

Cuba will expose its potential for foreign trade and foreign investment during the III Business Forum, which will be held virtually from November 29 to December 2, announced Rodrigo Malmierca, minister of the sector.

In a press conference offered November 3 in the Cuban capital, Malmierca highlighted the importance of the meeting that will make it possible to maintain contacts between national companies, including non-state forms of management, and foreign entities, despite the conditions imposed by the COVID-19 for almost two years.

Also, on this occasion, participants will be able to learn about the country's products and services based on foreign trade through a virtual fair, designed for the event.

Likewise, the new Business Opportunities Folder will be presented, which for the first time includes local development projects of territorial interest comprising 175 more than the previous one, for a total of 678 opportunities.

The forum also provides a special panel for Cuban businessmen living abroad who, according to what has been learned, have expressed interest in opening small businesses in the largest of the Antilles.

Regarding foreign investment in the island, Malmierca meant there is strong activity in this regard with Latin American countries, such as Mexico, Argentina and Venezuela, while the Caribbean is a priority objective within the island's trade policy.

Finally, he predicted that by 2022 the presence of foreign capital in the country is expected to amount to two billion dollars, which will require greater precision in the processes and procedures of the negotiations.