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Cuba opens international trade fair with call to revitalize economy

English.news.cn   2012-11-05 10:59:17            

HAVANA, Nov. 4 (Xinhua) -- Cuba on Sunday opened the 30th International Trade Fair of Havana FIHAV 2012 and called foreign investors to revitalize the country' s economy.

About 1,500 companies from 62 countries are attending the fair, the island country's most important commercial fair, which will last until next Saturday.

During the opening ceremony, Cuban Foreign Trade and Investment Minister Rodrigo Malmierca said it is a priority to develop an intense investment process so foreign trade will continue playing an important role at present and in the future.

Malmierca said the first steps have been given to the creation of the

Special Development Zone of Mariel established in the April 2011 reforms

approved by Cuba' s Communist Party to increase the exports and the effective substitution of imports.

The minister said the number of foreign participants in FIHAV 2012 is a strong demonstration of the growing trust and interest in the Cuban market and a way to reject the U.S. embargo imposed to the country more than half a century ago.

For his part, Estrella Madrigal Valdes, president of the Chamber of Commerce of Cuba, said the trade fair contributes to finding alternatives to stimulate and diversify the exports, attracting external financing and identifying investments to benefit key projects for the development of the country.

Madrigal said that the increased participation of foreign companies in

the fair is the best reflection of the confidence and security of the international entrepreneurs in Cuba.

During the trade fair, Cuba will showcase its best products from industries like biotechnology food, construction, and raw materials.

The island country also has in the trade fair a stand for sale of professional services, mainly in health sector which covers currently about 70 percent of its exports.

Editor: en_hl
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