Havana, Cuba.-“The Cuban economy is still in the process of transformation and maintains its vitality and growth by about three percent”, Cuban Minister of Foreign Trade and Investment (MINCEX) Rodrigo Malmierca, said in Havana.
At the opening the 31st International Trade Fair of Havana, FIHAV 2013, Malmierca remarked that the country is moving in the process of updating its economic model aimed at the development of productive forces and efficient management .
In the presence of the vice presidents of the Council of Ministers, Ricardo Cabrisas and Major General Antonio Enrique Lussón , member of CPC Central Committee , and other state leaders and the government , the head of MINCEX welcomed the broad participation of key business partners of the island, including Venezuela , China , Russia and Spain .
The Cuban economic model reaffirms socialism and planning as cornerstones for development, while recognizing and promoting the development of new non-state forms of property management such as cooperatives and self-employed, the official said. He added that the work that is undertaken today to update the foreign investment policy is done under the conviction of the important role of foreign capital in the country's development.
Malmierca gave details about the Mariel Special Development Zone, located in the province of Artemisa, whose opening will be in January 2014 where they will establish special policies to promote environmentally sustainable economic development through foreign investment that contribute with and technological and management innovation. With the largest participation of the past 11 years , FIHAV 2013 will host more than three thousand visitors from 65 nations among exhibitors, official delegations, and representatives of commercial organizations in the world and members of the diplomatic corps in Cuba.
Until November 9th, Expocuba, traditional venue of the event, will display a comprehensive range of business and product presentations, which will take place throughout the fairgrounds, located about 25 kilometers from the city center.