Havana, Nov 5 (Prensa Latina) In the context of the Havana International Fair (FIHAV 2019), Cuba on Tuesday inaugurated an exhibition of national exportable goods, as part of the island’s strategy to boost the economy.
Under the motto ‘Por Cuba Exportamos’ (We export for Cuba), the exhibition is a space for the promotion of national goods among participants at the fair.
Cuban exports are currently focused on a group of products that represent almost 80 percent of revenues for that concept, explained the First Deputy Minister of Foreign Trade and Investment, Antonio Luis Carricarte.
Among them, he cited nickel, tobacco and rum, although he pointed to new items such as those derived from the pharmaceutical and biotechnology industries.
During the opening of the exhibition, the official referred to the government’s recent approval of a strategy to diversify and boost exports.
‘Despite the US blockade, we are promoting a strategy for national development that demands growing imports of technology, raw materials, intermediate products and a high volume of hard currency, which makes it necessary to increase exports to compensate for these needs,’ he stressed.
‘Given this situation, our development proposal must be focused on exports, savings and competitive substitution of our imports,’ he added.
As part of that plan, this Tuesday the ‘Foreign Trade Single Window’ one-stop service system will be presented, which from next year will facilitate the digitalization and simplification of procedures related to imports and exports in Cuba.
FIHAV 2019 today saw a Cuba-Russia Business Forum and the presentation of several events related to the 500th anniversary of the founding of the city of Havana, to be held on November 16.
The Fair was inaugurated yesterday at the ExpoCuba fairgrounds, with the presence of President Miguel Diaz-Canel, and other government authorities.
On this occasion, more than 60 countries and 4,000 exhibitors attend, including 360 national entities.