Connect with us

Hi, what are you looking for?

Trade Relations

Cuba and Russia Sign AG Export Deal at Moscow Trade Fair

"Cuba in Russia 2019," Cuba exhibits at the ExpoCentre in Moscow. Photo: ExpoCentr.RU

More than 50 Cuban companies are taking part in the first national exhibition, “Cuba in Russia 2019,” organized by the Cuban Chamber of Commerce at the Expocentre Fairgrounds in Moscow.

The “Cuba in Russia 2019” fair opened on Wednesday. The trade fair coincides with the 10th session of the Cuba-Russia Business Committee armed with the task of advancing bilateral economic cooperation and exchange.

The president of the Cuban Agricultural Enterprise Group Frank Castañeda made the announcement that a contract was signed on Wednesday for the exportation of fruit juices, nectars and tropical fruit pulps to the Russia Federation.

Ricardo Cabrisas Ruiz, Vice President of the Council of Ministers, heads the Cuban delegation of the Intergovernmental Commission. He will meet today with Yuri I. Borisov, the Russian Deputy Prime Minister.

Advertisement. Scroll to continue reading.

As a result of the trade exhibition and the Intergovernmental Commission, Cuba and Russia have signed cooperation agreements to create more joint ventures.

Orlando Hernández, president of the Cuban Chamber of Commerce said that the purpose for the Cuban presence at the ExpoCenter Fair is to find new markets in Russia to receive Cuban exports.

Sectors with a presence at the Cuba in Russia fair include not only the agro-industry, food and beverages industries, but also Cultural products and services, i want to order tramadol Pharmaceuticals, Medical Equipment and Services, Tourism, Science, Construction, Technology and the Environment, Mining, Foreign direct investment opportunities, and joint ventures projects from Cuba’s Portfolio of Investment Opportunities.

Cuba is also seeking a greater presence of Russia in investment projects on the Island. Hernández stated relations with Russia are of vital strategic importance for Cuba from the trade perspective.

Advertisement. Scroll to continue reading.

“We see that relations between the two countries are in full development, both at the governmental and business levels,” Hernández told the Sputnik news agency.

Russia is Cuba’s second trading partner in Europe and among its top ten trade partners in the world. This exhibition is of great importance for bilateral trade ties between the two nations.

He confirmed that Cuba is making progress on important cooperation projects in sectors such as transport and energy with Russia, a country with a growing presence in Cuba.

Last week, the first Russia-Cuba joint venture, under the name, Teccomp Caribe, S.A. received approval to operate in the Special Development Zone at the Port of Mariel. making it the first Cuba-Russia joint venture in the Mariel project.

Advertisement. Scroll to continue reading.

Related News:

Foreign Investment in Cuba

Cuba and Russia signed five agreements in education, geological exploration, and health at the 21st Russian-Cuban Intergovernmental Commission for Economic Cooperation on Trade, Economic,...

Foreign Investment in Cuba

Russian trading house RusMarket announced plans to open its first store in Cuba in collaboration with the CIMEX Corporation. The joint venture will launch...

Trade Relations

Officials of Cuba and Russia have signed a trade and economic agreement until 2030. Russia’s Deputy Prime Minister Dmitry Chernyshenko and Cuban Deputy Prime...

Foreign Investment in Cuba

The Cuba-Russia Business Forum and the 11th meeting of the Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation begins today in Havana until...

error: This content is copyright protected.