ES / EN
- June 29, 2022 -
No Result
View All Result
OnCubaNews Needs You
OnCubaNews
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
OnCubaNews
ES / EN
ADVERTISEMENT
Home Cuba

FIHAV 2019 trade mart kicks off

The event will bring together more than 2,000 representatives of companies from about 55 countries until November 8, at its usual venue in the Expocuba fairgrounds, located some 25 kilometers southeast of the Cuban capital.

by EFE, EFE
November 4, 2019
in Cuba
0
Photo: cuba.cu

Photo: cuba.cu

The 2019 Havana International Trade Fair (FIHAV), the largest and most important trade mart in Cuba, opened its doors today with its sight set on promoting foreign investments, amid the delicate economic situation facing the country due to the lack of foreign currency and fuel.

This 37th edition of the fair is taking place in a business climate pervaded with the tense atmosphere created by the U.S. government, which in recent months has increased the economic siege on the island with the application of new sanctions that intensify the embargo in force for almost six decades.

The event will bring together more than 2,000 company representatives from some 55 countries until November 8, at its usual venue in the Expocuba fairgrounds.

Queda inaugurada la 37ma Feria Internacional de La Habana, #FIHAV2019. https://t.co/YTnPd8HcuT

— FIHAV (@FeriaHabana) November 4, 2019

The opening day will be to celebrate Spain Day, a country that will maintain the leading position among foreign exhibitors at FIHAV 2019, with the presence of more than 110 companies in four pavilions.

As in previous editions, the organizers of the business meeting have announced the presence of at least 14 official delegations, headed by ministers and senior officials.

Related Posts

Photo: Sierra Maestra.

Cuba boosts project to produce organic coffee with help from Italy

June 29, 2022
2nd International Renewable Energy Fair, at the Pabexpo fairgrounds, in Havana. Photo: Cuban Ministry of Energy and Mines/Twitter.

Renewable energies’ ambitious route in Cuba

June 28, 2022
Agnieska Hernández

Agnieska Hernández: “I try to sow a poetic seed that helps us to be more tolerant….”

June 26, 2022
Havana, 2022. Photo: Kaloian Santos.

Postscript #2: talk with a young man who left and returned (I)

June 24, 2022

One of the main activities of the FIHAV program will be the 4th Business Forum, which aims to boost bilateral meetings between Cuban entrepreneurs and potential foreign investors.

https://www.facebook.com/UKinCuba/photos/a.787691984618660/2501208529933655/?type=3&theater

In the Forum, which will include three meetings organized by Mexico, Germany and the European Union, the new Foreign Investment Opportunity Portfolio 2019-2020 and the 3rd Commercial Directory of Cuba will be presented.

Another of the novelties that FIHAV 2019 will present is the new “Foreign Trade One-Stop Window,” which will function as a platform to expedite export procedures and permits for the establishment of businesses, since one of the most frequent complaints of potential investors is the heavy bureaucracy on the island.

https://www.facebook.com/UKinCuba/photos/a.787691984618660/2501208529933655/?type=3&theater

Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca recently acknowledged in an interview that this is one of the factors that is blocking foreign capital projects.

The delay and the complexity to obtain permits, licenses and authorizations, as well as the slowness in the analyses and the constitution of the dossiers for the presentation of the projects to be assessed by the competent authorities scare away the investors, the official admitted.

Cuba is confident it will continue attracting foreign investment despite energy crisis

However, Malmierca said it is “unquestionable” that the main obstacle to the investment process on the island is the U.S. economic, commercial and financial embargo against Cuba, with a whole set of regulations, actions and measures that create a “deterrent effect” on foreign companies interested in negotiating with the Caribbean country.

He recalled that to sustain its economy the island needs more than two billion dollars a year in foreign investments aimed at strategic sectors, projects that promote productive chains, generate exports and replace imports.

The Cuban business representation will have 152 exhibitors from some 360 ​​entities, including for the first time in this event two private cooperatives that will present their productions to promote them through the authorized export channels, as reported by the Chamber of Commerce of Cuba.

Authors

EFE, EFE
Tags: Cuban EconomyFIHAV 2019
Previous Post

Havana receives 10 new garbage trucks donated by Vienna

Next Post

The obstacles that hinder state enterprises in Cuba

EFE

EFE

EFE

EFE

Next Post
Photo: Otmaro Rodríguez.

The obstacles that hinder state enterprises in Cuba

Junior High School in Cuba. Photo: Yaciel Peña / ACN / Archive.

Chinese language to be taught in Cuban schools

Several persons walk inside Spain’s pavilion on the first day of the Havana International Trade Fair (FIHAV 2019), inaugurated on Monday, November 4, 2019. Photo: Ernesto Mastrascusa / EFE.

Spain again the protagonist of the largest trade fair in Cuba

Leave a Reply Cancel reply

The conversation here is moderated according to OnCuba News discussion guidelines. Please read the Comment Policy before joining the discussion.

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Most Read

  • Photo: Kaloian Santos.

    Cuba: bad decisions and energy crisis

    14 shares
    Share 6 Tweet 4
  • UN agency makes million dollars’ worth of investment in Cuban agriculture

    11 shares
    Share 4 Tweet 3
  • Russia in the face of the “new war normality”

    8 shares
    Share 3 Tweet 2
  • Cuban stars in Miami

    70 shares
    Share 28 Tweet 18
  • Renewable energies’ ambitious route in Cuba

    6 shares
    Share 2 Tweet 2

Most Commented

  • The Enchanted Shrimp of the Cuban Dance

    831 shares
    Share 332 Tweet 208
  • Patricia: a pain before the mirror

    3 shares
    Share 1 Tweet 1
  • New version of Family Code draft presented in Cuba

    14 shares
    Share 6 Tweet 4
  • Families divided between Cuba and Canada due to immigration procedures

    77 shares
    Share 72 Tweet 2
  • Ernest Hemingway from Key West to Havana

    39 shares
    Share 15 Tweet 9
  • About us
  • Work with OnCuba
  • Terms of use
  • Privacy Policy
  • Moderation policy for comments
  • Contact us
  • Advertisement offers

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

No Result
View All Result
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

Go to mobile version