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Cuba to Show Business Opportunities to Spanish Entrepreneurs

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Cuba to Show Business Opportunities to Spanish EntrepreneursHAVANA, Cuba, Jun 19 (acn) Cuban foreign trade authorities will promote in Spain new business and investment opportunities in key sectors for the development of national economy.

According to statements by the Spain Superior Council of Trade Chamber, there will be, on June 26th, a meeting between Cuban and Spanish entrepreneurs interested in strengthening bilateral economic relations.

The event shall include details about the new Cuban policies for investment and their legal framework (Act 118), and tax, customs and labor incentives for business in force at Mariel Special Development Zone.

Conferences will also take place on the possibilities of investment in prioritized sectors such as tourism, industries in general, renewable energy and mines, the note quoted by Prensa Latina News Agency says.

Cuba's representatives at this meeting will be Ileana Núñez, Vice Minister of Foreign Trade and Foreign Investment, and Eugenio Martinez, ambassador of the island in Spain, among other officials.

After the encounter in Madrid, Cuabn delegation will attend a similar meeting on June 27 in Sabadell municipality, Barcelona, place with a long industrial history.

Spain, Cuba's third largest trading partner after Venezuela and China, reported in 2012 that the value of its exports to Cuba exceeded $ 980 million, and imports were around $ 200 million.

In December 2013, the 19th session of the Business Cooperation Committee took place in Havana, where it transcended the desire by both parties to grow in trade.

The meeting was held a few days after Alberto Nunez Feijoo, president of the regional government of Galicia, who was interested in contributing to the progress of bilateral links, completed his official visit to the island.

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