Cuba and Mexico closed this Friday in Havana the bilateral business forum with the signing of fourteen agreements, after the business rounds held in the last two days in Havana with the main objective of expanding the investments of the North American country on the Island.
As reported by the Ministry of Foreign Trade and Foreign Investment (Mincex) on its social networks, among the signatory Cuban companies are Integral Telecommunications Solutions SA (Solintel. SA) and Information Technology and Audiovisual Media, CinesoftCuba.
With the signing of 14 agreements between companies of #Cuba Y #Mexico successfully concluded #Business Forum at National Hotel. Confirmed interest in sectors such as agriculture, tourism, industry and potential to develop trade and attract Mexican investment. #NoMoreBlocking pic.twitter.com/hWpLlM4v7B
– Rodrigo Malmierca Díaz (@R_Malmierca) July 15, 2022
In addition, the National Center for Software Quality (Calisoft), the Cuban Fund for Cultural Assets and the Cuban Company for the Marketing of Comprehensive Technological Solutions, Goods and Services in Cuba and abroad (Copextel) established some type of collaboration with Mexican companies.
The more than 80 Mexican and 150 Cuban companies participating examined the possibilities of relations in the textile, food, information technology, renewable energy, biopharmaceutical, transportation, and tourism sectors, among others.
On the last day of the meeting, a group of Mexican businessmen visited the Mariel Special Development Zone, the business center and merchant port where the Cuban Government plans to locate a large part of technological innovation projects and industrial concentration, with a view to increasing exports. .
According to a report from EphCurrently, there are 11 Mexican firms operating in Cuba -between mixed and private- among which there are three companies based in the Mariel Zone. Mexico has been a historic trading partner for Cuba, especially due to its geographical proximity and the historical links between the two countries.
Both nations have an economic complementation agreement in force, through which tariff preferences were granted to the import of various goods.
According to 2019 data from the island’s National Office of Statistics and Information (ONEI), Mexico is among Cuba’s 10 main trading partners, but far behind Venezuela, China and Spain.
This business event has coincided with the celebrations for the almost 120 years of establishment of uninterrupted diplomatic relations between the two countries -which will be completed in 2023- and which have had the visit of the Mexican president, Andrés Manuel López Obrador, at the beginning of May.
Efe/OnCuba.
