• Submitted by: admin
• Business and Economy
• 11 / 01 / 2006

By the end of the year, Cuba expects to close commercial operations valued at 10 billion dollars, the largest figure reached over the past 15 years, said Raul de la Nuez, who noted that such an achievement is the result of an import increase following actions to improve the quality of life of the Cuban people.

The Foreign Trade Minister underscored the advancement made the island following the most recent programs launched by the Cuban Revolution in the fields of energy, public health and transportation. Exports also contributed to that achievement and they are growing and diversifying with outstanding results in the areas of genetics and biotechnology, he said.

Although Cuban traditional goods keep their presence in the world market, other products derived from scientific and technical research, as well as professional services are experiencing growing world demand, said the Cuban Minister.

He announced that 45 percent of Cuba's foreign trade exchange during that period included commercial operations with countries in The Americas, followed by Europe, Asia and the Middle East.

Havana's International Fair promotes the island's foreign trade and setting up of joint ventures, said de la Nuez during the fair's inaugural ceremony, which was also attended by Government Minister Ricardo Cabrisas and Economy and Planning Minister Jose Luis Rodriguez.

Source: ACN