Laos, Cuba set new heights for economic and trade cooperation

Laos and Cuba are expected to enhance trade and investment opportunities following a high-ranking Cuban trade delegation’s official visit to Vientiane during September 8-9.

The Cuban delegation was led by the Minister of Foreign Trade and Foreign Investment, Mr Rodrigo Malmierca Diaz, and included several officials.

The main purpose of the visit was to strengthen cooperation between the two governments and enhance collaboration in trade following previous visits of high-ranking officials from the two sides, during which Laos and Cuba agreed to promote bilateral economic relations.

As part of the agenda of the visiting delegation, Mr Diaz also led team in talks with Lao trade officials.

The Deputy Minister of Industry and Commerce, Mr Somchit Inthamith, represented the Lao Minister of Industry and Commerce in welcome the Cuban delegates during their courtesy visit.

During a friendly discussion between the two sides, Mr Diaz told the Lao deputy minister that his visit was part of efforts to strengthen bilateral relations that were recently enhanced by the high-ranking officials of Laos and Cuba over the past few years.

“We are here in Laos to seek cooperation ties with the line ministries of the Lao PDR, to exchange information and to create opportunities for business and investment in both countries,” he said.

Mr Diaz lauded the long-standing relations between the two countries and expressed his determination to boost bilateral economic cooperation, especially for trade in agricultural products.

“We’d also like to invite Lao trade officials and Lao business representatives to join this year’s trade fair to be held in Cuba and an official invitation will be made soon. This will enable us to seek ways to further strengthen our cooperation in future,” he said.

The Lao participants can take this opportunity to learn about markets in Cuba, Mr Diaz added.

Mr Somchit, who was temporarily given responsibility as the Acting Minister, said the Lao side is keen to take part in this event and the Lao delegation may include ministry leaders and businesspeople.

Before making the courtesy visit to the Ministry of Industry and Commerce, the Cuban delegation visited the Lao Deputy Prime Minister, Mr Somdy Duangdy, at the Prime Minister’s Office and met representatives of the Lao National Chamber of Commerce and Industry (LNCCI).

A number of Lao businessmen exchanged information and shared experiences with the Cuban delegates about doing business in Laos.

Cuba established diplomatic relations with Laos on November 4, 1974, and the Embassy of Cuba is located in Vientiane. Since then, the senior leaders of Laos and Cuba have made official visits.

Socio-economic cooperation between the two countries is not as extensive as it might be because there are many difficult circumstances and limitations on both sides.

The Cuban government has provided technical assistance to Laos in education, sports and banking in recent years.

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Cuban Business Delegation Carries Out Working Visit to Italy

A business delegation led by Orlando Hernandez, President of the Chamber of Commerce of Cuba, on Monday began a visit to Italy, framed in both countries'' interest to expand and deepen their bilateral relations.

The Cuban delegation is also composed of Juan Gonzalez, President of Cuba Ron Corporation and the Cuba-Italy Business Committee (CICI), and Isaac Hernandez, Director of Foreign Debt of the Central Bank of Cuba.

The delegation also includes representatives of the Ministry of Tourism, QUIMI SA company of the Ministry of Industry, Gaviota Group, Melfi Marine S.A., the Agricultural Business Group and APICUBA.

According to the information provided by the Cuban embassy in Italy, the main goal of the visit will be to participate in the 7th session of CICI, to be held on Tuesday in Padua Congress Center.

Participants in this meeting will discuss on investment and business opportunities in Cuba, based on the priorities and potentialities of both countries, and it is expected that a development plan is also approved for the positioning of joint projects in the Latin American and Caribbean region.

The program of the visit, jointly hosted by the Cuban embassy in Rome and CICI, also provides for exchanges with Italian unions and institutions in the economic, commercial and financial sectors.

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Guatemala Businessmen Will Attend FIHAV 2016 in Cuba

Members of the Guatemalan Association of Exporters (Agexport) confirmed today that about 10 companies will participate in Guatemala''s thirty-fourth edition of the International Fair of Havana (FIHAV 2016) in Cuba.

The meeting in the capital of the Caribbean island will take place from October 31 to November 4. Guatemalan companies attending the event will show agricultural and food products, construction materials, consumer goods and others.

Agexport is a private entity that was born in 1982 with the purpose of promoting and developing exports of non-traditional products Guatemala, Central American country that has great potential in agriculture, forestry, food and commercial sphere.

In the course of this year about a hundred members of Agexport, the Chamber of Industry of Guatemala and the Chamber of Commerce of Guatemala expressed interest in doing business, export and invest in Cuba.

The Chamber will organize the Guatemalan delegation to the FIHAV 2016, after authorities in both countries agreed to strengthen bilateral relations in the commercial, industrial, tourism, investment and cultural level.

The exhibition, held annually since 1983, has its traditional scenario in the fairground Expocuba, is considered the most important shopping bag general of Cuba and the Caribbean, and one of the most representative in Latin America.

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Cuban Commercial and Business Mission Visits Dominican Republic

A Cuban trade mission composed of representatives from 33 major companies interested in importing, exporting and establish business relations, today began a visit to the Dominican Republic.

The agenda starts with a seminar organized by the Center for Export and Investment of the Dominican Republic (CEI-RD) which involves entrepreneurs and representatives of the domestic production, economic groups and potential investors.

The visitÂs program includes business rounds scheduled for tomorrow, while on Wednesday activities will move to the city of Santiago de los Caballeros, where entrepreneurs of the Dominican north will also have the opportunity to participate.

The director of CEI-RD, Jean Rodriguez, explained that the initiative is part of the agreements signed bilateral cooperation with the Chamber of Commerce of Cuba last year and is supported by the Agency for Development Caribberan Export and Cuban embassy.

The director of CEI-RD, Jean Rodriguez, explained that the initiative is part of the bilateral cooperation agreements signed with the Chamber of Commerce of Cuba last year and is supported by the Agency for Development Caribbean Export and the Cuban embassy.

Among the 33 Cuban companies visiting the country are some linked to the sectors of industry, construction, agriculture and services, as well as companies related to the areas of health, pharmaceutical and biotechnology.

The arrival of representatives of Cuban companies to Dominican Republic was preceded by the trip last April of a Dominican business mission of 43 members to Havana for exploring the opportunities offered by the Cuban economy.

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Vietnamese Company Expands Business in Cuba

Factories from Vietnam’s Thai Binh Investment Trading Corporation will begin producing powder detergent and disposable diapers from next year, in the Mariel Special Development Zone (ZEDM), the company''s commercial manager in Cuba reported today.

According to Nguyen Lam Dien, the diaper factory will begin operation in the first semester of 2017, while the other factory - a joint venture with Cuba - is expected to begin operations at the end of the same year.

During an interview with Prensa Latina, Nguyen praised the favorable conditions that Cuba presents for the expansion of his company.

According to the manager, the Foreign Investment Law issued in 2014 in Cuba and the efforts by the government of both countries to strengthen bilateral ties has opened opportunities for Vietnamese investors.

"Thanks to those decisions, Vietnamese companies are benefiting from preferential taxes to do business," he added.

During the visit to Cuba in September 2015, the Vietnamese President, Truong Tan Sang and authorities from both countries signed six agreements for cooperation, including the construction of the two factories in the ZEDM.

Nguyen said that there are proposals to open a furniture factory and to investment in real estate development due to the prospect of the sustained growth of the Cuban market.

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Barbados Delegation to Explore Business Opportunities in Cuba

Government and private sector officials from Barbados will travel to Cuba in early May to expand and explore business opportunities in the territory, announced the Minister of Industry, Donville Inniss.

According to Inniss, with the visit, the Executive also it intends to deepen economic relations and trade between the two countries due to the increasing number of local companies willing to invest in the sister nation.

The minister also reported that from next month the firm Bank Breweries Limited will begin to export about one million cases of beer to Cuba and expressed interest in the International Tourism Fair to be held from May 3 to 7 in Havana.

Barbados, Trinidad and Tobago, Guyana and Jamaica were the first Caribbean states that in 1972 decided to establish diplomatic relations with Havana and break the isolation faced by the government after the triumph of the revolution in January 1959.

Such a gesture opened the way for the remaining territories of the region to establish ties with Cuba and later, in 2002, led to implement the mechanism of summits between that country and the Caribbean Community bloc that brings together several islands in the region.

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Cuban Commerce Minister Arrives in Lebanon to Promote Business

Cuban Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca, met today with Lebanese Foreign Minister, Gebran Bassil, with an agenda centered on bilateral relations, particularly business, after arriving in here leading a business delegation.

The Lebanese foreign minister was hopeful to expand the capital investment of this country in Cuba, and was interested in developing business in many fields with the Caribbean island, referd Cabrisas.

"It was a very good meeting, he (Bassil) expects the Lebanese capital is going to invest in Cuba," the Caribbean minister of commerce told Prensa Latina, before providing a statement to Lebanese media waiting for him at the headquarters of the Foreign Ministry.

The meeting with Bassil at the headquarters of the Ministry of Foreign Affairs is the the first contact with Lebanon authorities.

Bassil visited Cuba in February this year also leading a delegation of Lebanese businessmen, and then he was interested in several development plans and investment options offered by the economy of the Caribbean island, which explains his support for that kind of contacts.

At this time, another priority is to ensure the Lebanese presence in the International Fair of Havana, which will take place in November, and to which 12 national companies have already confirmed, but we are working for more, stated Kazma, president of Lebanese-Cuban Businessmen Council.

Malmierca traveled to Beirut accompanied by the President of the Chamber of Commerce of Cuba (CCC), Orlando Hernandez Guillen, to participate in the second bi-national economic forum with the Lebanese-Cuban Businessmen Council (CHNLC), chaired y Ali Kazma.

The Cuban delegation is also made up of investment director from the Ministry of Foreign Trade, Deborah Rivas, North Africa and Middle East director of that ministry, Rafael Jimeno, as well as officials from the Ministries of Tourism and Industry.

It was received at the Rafic Hariri airport in this capital by Kazma, a representative of the Minister of Economy and Trade, Alain Hakim, and Cuban ambassador, Rene Ceballo.

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German Chancellor Angela Merkel visits to Brazil

German Chancellor Angela Merkel is making a quick trip to boost ties with Brazil.

She plans to meet with Brazilian President Dilma Rousseff and also with German business representatives before heading back home on Thursday.

In an emailed statement, the Brazilian government says it hopes Merkel's visit will help Brazil strengthen economic relations with Germany and Europe and open more markets in the region.

The two governments say talks will cover cooperation in technology, science, development, trade, finance and education, as well as environmental protection. But they haven't released specifics.

  • Published in World
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