Some 70 Cuban companies will attend from March 4 to 6 March in Mexico an exhibition to showcase products and services, and to promote investment opportunities on the island, according to a source in the sector.
Officials from the Ministry of Economy and Planning (MEP) agreed here on the importance of the quality and efficiency of investments, which is the foundation for the country’s development.
Cuba aims to increase investments in 2020 by 19 percent, according to the plan presented today by Economy and Planning Minister Alejandro Gil.
The governments of Cuba and Mexico confirmed the desire to continue to develop diplomatic political dialogue, and to expand economic-trade relations, investment and cooperation.
Cuba is reportedly working on more than 500 business projects with foreign companies, most of them in the tourist industry.
President of the Iranian Chamber of Commerce, Gholam Hossein Shafei, expressed his country”s will and support for the encouragement of business and investment opportunities in Cuba, diplomatic sources reported Sunday.
Cuba is currently prioritizing foreign investment in the energy sector, mainly in oil and renewable energy, according to official documents and statements.
One of the main modifications introduced by the project of the new Cuban Constitution is the recognition of private property and foreign investment, expressed here today commercial specialist of Hotel Copacabana, Ariel Valdes.
The Draft Constitution of the Republic ratifies the importance of foreign investment for Cuba”s economic development, ANEC President Oscar Luis Hung said today.
