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Canada's Rank as Cuba's Trading Partner Strengthens
Havana's 33rd International Trade Fair (FIHAV 2015) inaugurated in the Canadian Pabellion on the presence of Cuba's Tourism Minister, Manuel Marrero; which truns significant because Canada is the fourth country with the most important commercial exchange on the Caribbean island and first in the number of tourists to the archipelago.

Cristine St.-Pierre, Quebec's Foreign Minister, and Yves Gagnon, Canada' ambassador to Cuba, welcomed the broad and diverse representation of business executives present in the Caribbean trade fair which kicked off on Monday in ExpoCuba.

The Cuban Tourism Minister said some 30 companies are present in this year´s fair, representing a total of 80 entities, adding that there are new opportunities in improving economic ties, both in trade and investment between the two countries.

Services exchanges surpassed two million Canadian Dollars in 2014, increasing 5 percent compared to the previous year. With this amount Canada went from 5th to 4th place among Cuba´s main partners worldwide, said Marrero.

He pointed out that until August of this year; exchanges with Canada grew 4.1 percent compared to 2014 strengthening its position among Cuba's first five commercial partners after Venezuela, China and Spain.

Regarding the other activities where Canada has a great economic impact in Cuba, Marrero mentioned tourism where Canadians head the list of vacationers to the Caribbean nation.

One million 175 thousand 77 Canadian tourists visited the island surpassing 6.3 percent more than in 2013.

However, the sector with most Canadian representation is in energy and mining with five businesses linked mainly to exploration and exploitation of oil and mineral resources, said the Tourism Minister.

Referring to cooperation, Canada is one of the most active countries due to the quantity of projects that jointly develops with the Cuban authorities, said Marrero when announcing that recently the amount contributed by Canada in these initiatives increased to 7.5 million dollars.

Highlighting Cuba's advances in the updating of the country´s economic model, the Cuban official assured the Canadian business executives that this is the most favorable moment to push forward bilateral ties in other spheres of common interests and of the enormous potential in the country above all in the Mariel Special Development Zone. / ACN.

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