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Business in Cuba Attracts Argentina's Community
Scores of Argentinian businesspeople attended the presentation by Cuban Minister for Foreign Trade and Investment, Rodrigo Malmierca, made in Buenos Aires on business opportunities in the Caribbean nation.

Malmierca, who traveled to Argentina representing his government to the inauguration of President, Mauricio Macri, and taking place today, met yesterday night with a group of businessmen at the Cuban embassy in Buenos Aires.

The minister particularly praised the facilities the companies interested in investing in Cuba offer to the Mariel Special Development Zone, a large port in western Havana, where a vast infrastructure for the establishment of companies has been created.

He also highlighted the new investment portfolio that includes 326 projects in some 12 production and service sectors, valued at $8 billion USD, which are supported by a feasibility study for each of those projections.

Of that amount, some 94 projects are intended to further promote tourism, which has become an important engine of the Cuban economy. He stressed that more than three million tourists are being already received annually, and an increase in the coming years is expected.

Malmierca said Cuba currently maintains economic relations with 75 countries, with increasing exchanges in trade, finance, investment and cooperation, from which 200 joint ventures operating on the island have emerged.

He said the U.S. blockade keeps on being the main obstacle for the full development of the island, although the steps in politics has generated great expectations in business.

Malmierca, who traveled to Buenos Aires accompanied by Pedro Pablo Prada, South America director at the Ministry of Foreign Affairs, stated that while President, Barack Obama, has taken constructive decisions, he still has executive powers that allow him do more to change the blockade.

Several participants expressed interest to enter business in spheres such as sugar production, construction technology of intelligent buildings, establishing plants to manufacture electronic equipment and ecological air conditioning, among other sectors. / By PL.

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