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May 23, 2013 -- Updated November 12, 2012 14:23 HKT

Cuba International Trade Fair draws 67 Nations


paul@livetradingnews.com
Posted on: Nov 12th, 2012

Cuba International Trade Fair draws 67 Nations

Saturday Cuba wrapped up the 30th Havana International Trade Fair, Fihav 2012, the largest of its kind in the last 10 yrs, with about 3,587 foreign exhibitors from 67 countries taking part.

A number of intergovernmental and inter-institutional agreements were signed during the weeklong event, according to Vice President of Council of Ministers Ricardo Cabrisas

Cuban entrepreneurs also held talks with companies from Venezuela, Russia, Germany and the European Union, during the fair, he added.

Over 12 of Cuban companies and companies from Brazil, Russia, China, Venezuela and Spain were awarded at the close of the fair.

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Products including Rums Cubay from local company Cubaron, Mercedes Benz cars, and Tarapaca Wine from Chile also received awards.

Cabrisas said this year’s trade fair was held at a time when the Caribbean island nation is pursuing economic reform that would help drive foreign investment.

“The creation of the first Development Special Zone at the Mariel port, 48 km West from the capital Havana have opened new opportunities for the foreign investment,” he said.

He also said Cuban authorities are providing more opportunities for foreign investors and joint ventures, so as to get more funds, modern technologies and a better positioning of its national products in the global market.

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 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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