• Submitted by: admin
• Caribbean
• Education
• Havana
• history
• national
• Society
• Business and Economy
• Politics and Government
• 07 / 10 / 2008

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Speaking at the Commission of Economic Affairs of the Cuban Parliament, several parliamentarians noted that foreign investment – with only 2% of the Cuban national labor force – is an essential element in the economic development of the country.

As an example, they referred to the tourism sector, in which only 11% of the national hotel capacity is subjected to management contracts with foreign companies.

They recalled that Spain, Canada and Venezuela are the countries with the largest presence in Cuba with 234 investment associations.

For his part, Ramon Marin, Deputy Minister for Foreign Investment and Economic Cooperation, said that in the first semester of 2008, seven new businesses were approved: four with Venezuela, two with Spain and one with China.

The 12 permanent working commissions of the Cuban National Assembly (Parliament), constituted with a provisional nature last May, were in session on Monday and Tuesday at Havana’s Convention Center.

Each commission discussed specific topics related to the social and economic life of the country.

(ACN)