Arab Today, arab today cubas economic potential attracts entrepreneurs from europe china
Last Updated : GMT 13:08:58
Arab Today, arab today
Arab Today, arab today

Cuba's economic potential attracts entrepreneurs from Europe, China

Arab Today, arab today

Arab Today, arab today Cuba's economic potential attracts entrepreneurs from Europe, China

Spain's Minister for Industry
Havana - XINHUA

The market-oriented reforms in Cuba and its improved ties with the United States have made the Caribbean country an attractive destination for business delegations from Europe and China in the past few weeks.

Spain's Minister for Industry, Energy and Tourism Jose Manuel Soria, and Italian Vice Minister for Economic Development Carlo Calenda visited Cuba this week with business groups, following delegations from France, Britain and the Netherlands. A delegation from China's first and most successful special economic zone Shenzhen City visited the island from June 30 to July 1.

Soria, who was here to boost his country's trade and investment in Cuba in various sectors, said that the economic reforms launched by Cuban President Raul Castro is "marking the correct path."

Raul Castro introduced measures to reform the national economy soon after taking office in 2008, in a bid to build Cuba into a "prosperous and sustainable socialist nation."

Cuba's Council of Ministers agreed to "extend the experiment to private sectors" at a meeting in June.

The aim of the Spanish minister's visit, together with 75 business representatives, was to support Spanish companies interested in establishing themselves in Cuba.

"A new era full of opportunities is beginning in Cuba and Spanish companies can contribute their accumulated experiences in various fields such as industry, tourism, energy, telecommunications and infrastructure," said Soria.

In June, the Spanish Company of Financing and Development (COFIDES) decided to provide Spanish companies with 40 million euros (around 44 million U.S. dollars) before 2017 for them to invest in Cuba and more fund will be available in the future, said Jaime Garcia Legaz, Spain's Secretary of State for Trade, who came together with Soria.

Spain is Cuba's third largest trading partner after Venezuela and China and has around 200 enterprises mainly in the island's tourism sector.

Italy, also aspiring to explore business potential in Cuba, sent a delegation of 150 businessmen to Cuba earlier this week, led by the country's Vice Economic Minister Carlo Calenda.

It is the largest group of Italian entrepreneurs to have ever visited Cuba, Cuban news agency Prensa Latina (PL) cited Calenda as saying.

Like Europe, China also holds an optimistic view as to the potential of the Cuban economy.

For China, Cuba is not only a market full of opportunities, but also essential to a greater Latin American market given Cuban's geographical location, said Chinese Ambassador to Cuba Zhang Tuo.

A Shenzhen delegation led by Mayor Xu Qin visited Havana earlier this month to further strengthen cooperation in several key fields, including investment, biotechnology, public transportation and infrastructure.

During the visit, Shenzhen-based battery maker and electric vehicle producer BYD won its biggest order since it entered the Cuban market last year: 719 gasoline-powered cars.

The delegation also met with Carlos Manuel Gutierrez Calzado, president of BioCubaFarma, the biggest biotechnology and pharmaceutical group in Cuba, to discuss the details of further cooperation.

Preceding the Shenzhen delegation, Chinese Vice Premier Wang Yang visited the island late June, when he called for strengthened planning in cooperation between the two countries on infrastructure, bio-tech, agriculture and renewable energy, as well as efforts to explore industrial and investment cooperation potentials.

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 cubas economic potential attracts entrepreneurs from europe china Arab Today, arab today cubas economic potential attracts entrepreneurs from europe china

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people

GMT 05:50 2017 Wednesday ,29 March

Venezuela to launch new exchange rate next week

GMT 05:05 2017 Wednesday ,29 March

India reintroduces 10% tax on wheat imports

GMT 22:00 2017 Tuesday ,28 March

Egypt, India mull beefing up trade, investments

GMT 21:38 2017 Tuesday ,28 March

45 investment disputes reviewed

GMT 13:26 2017 Tuesday ,28 March

Brexit offers investment opportunities

GMT 13:16 2017 Tuesday ,28 March

Pressure grows on Nigeria's central bank governor

GMT 12:59 2017 Tuesday ,28 March

Prime Minister Attends Dinner Banquet
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" 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