The Deputy Prime Minister and Head of Foreign Trade and Foreign Investment of #CubaRicardo Cabrisas, addresses issues of mutual cooperation with the adviser of #Economy of the Russian presidency, Maxim Oreshkin. ?????https://t.co/k87JCTcOO9 pic.twitter.com/W3ERYCN2QC
— Caribbean Channel (@CanalCaribeCuba) May 2, 2023
The also head of the Ministry of Foreign Trade and Foreign Investment (Mincex) of Cuba recalled the strategic nature of relations between the two nations and referred to Cuban legislation on three types of foreign investment.
He said that the purpose is to provide facilities for investment to Russian companies, including projects aimed at local development with small and medium amounts.
We seek to promote investments for the development of the national industry and that pay taxes on exports to the Latin American and Caribbean region, said Cabrisas.
Both Russia and Cuba can serve as a gateway to the markets of the Eurasian, Latin American and Caribbean regions, respectively, the Cuban minister considered when outlining the possibilities of joint trade.
In turn, he explained that the exports of goods that are produced or assembled on the island from businesses with Russian capital, will be able to take advantage of the tariff benefits resulting from Cuba’s participation in regional integration mechanisms and the signing of scope agreements. partial.
The presidential adviser was accompanied at the meeting by the Russian ambassador to Cuba, Viktor Koronelli; the deputy head of the Directorate of Experts of the presidency, Svetlana Lukash; and the Deputy Head for Foreign Policy of the Office of the President, Denis Agafonov.
Similarly, the Russian Deputy Minister of Finance, Aleksei Lavrov, and the Deputy Minister of Agriculture Ivan Lebedev, among others, participated in the meeting.
The high participation of Russian companies in businesses with foreign investment in prioritized sectors of the Cuban economy would be one of the essential objectives of the Bilateral Economic Agenda proposal in the short, medium and long terms, which will be signed in the present session of the aforementioned commission, according to P.L.
In addition, it would seek to endorse an Intergovernmental agreement in the field of investment and, thereby, encourage Russian businessmen to participate in sectors such as mining, agri-food, financial banking and tourism, adds the information.
Presidential adviser Maxim Oreshkin also planned on the day a meeting with the top managers of the Central Bank of Cuba (BCC)including its president Joaquín Alonso Vázquez.
The media recalls that Russia has been participating for several years in elements of the island’s Economic and Social Development Program for 2030.
Cuba and Russia have promoted their bilateral relationship in recent years to try to reestablish the close cooperation they maintained until the disappearance of the Soviet Union in 1991.
Currently, the Eurasian nation appears as one of Cuba’s top ten trading partners, and both governments define their association as “strategic.”
In November 2022, Díaz-Canel met in Moscow with President Putinwith whom he analyzed the state and development prospects of the Russian-Cuban strategic association in the political, economic-commercial, cultural and humanitarian spheres.
A month later, Díaz-Canel and Putin held a telephone conversation in which they expressed their intention to continue strengthening “in a comprehensive manner the Russian-Cuban strategic association,” according to a statement from the Russian government.
In recent months, the secretary of the Russian Security Council, Nikolai Pátrushev, the president of the Cuba-Russia Business Council, Titov Boris Yuryevich, and the CEO of the state oil giant Rosneft, Igor Sechin.
In addition, Foreign Minister Serguey Lavrov and the President of the Duma, Viacheslav Volodin, recently included Cuba in their tour of various Latin American nations.
