Arab Today, arab today cuba could export 250m of cigars to us
Last Updated : GMT 13:48:59
Arab Today, arab today
Arab Today, arab today

Cuba could export $250m of cigars to US

Arab Today, arab today

Arab Today, arab today Cuba could export $250m of cigars to US

The co-president of Habanos SA, Jorge Luis
Havana - AFP

Cuba's renowned cigar makers could export at least $250 million to the United States yearly if the five-decade embargo on the communist island is lifted, a top executive said Tuesday.
While the current US Congress looks unlikely to lift the embargo, the historic rapprochement announced in December by US President Barack Obama and his Cuban counterpart Raul Castro had industry insiders wistfully asking "What if?"
"I think we could (export) $250 million or more," said Jorge Luis Fernandez Maique, commercial vice president at Habanos S.A., a joint venture between the Cuban government and Britain's Imperial Tobacco.
Cuba has 70 percent market share for global cigar sales outside the United States, which accounts for two-thirds of world sales.
Fernandez Maique predicted Cuba could reach 25 to 30 percent market share in a post-embargo United States.
With that figure, "we would be the leader in the (US) market," he told AFP at the 17th Habano Festival, a five-day celebration of Cuban cigars in Havana.
But he acknowledged the United States was a "highly competitive and very complicated market."
"The competition's not just going to keep their arms crossed. We would have to reach consumers. We have some consumers in the United States, but not the majority," he said.
The cigar festival has drawn 1,600 cheroot aficionados from around the world.
At the opening day Monday, Habanos announced global sales of $439 million in 2014, down one percent from 2013.
Cigars are one of Cuba's main exports, after nickel, medicine and sugar.
After Obama and Castro announced a thaw in ties between the former Cold War foes on December 17, the White House eased certain trade and travel restrictions.
The measures included allowing American travelers to bring back up to $100 of Cuban rum and cigars.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cuba could export 250m of cigars to us Arab Today, arab today cuba could export 250m of cigars to us

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cuba could export 250m of cigars to us Arab Today, arab today cuba could export 250m of cigars to us

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday