{"id":225600,"date":"2020-08-05T10:17:31","date_gmt":"2020-08-05T14:17:31","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=225600"},"modified":"2020-08-05T10:18:34","modified_gmt":"2020-08-05T14:18:34","slug":"cuba-what-does-the-private-sector-need-to-import-and-export","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/cuba-what-does-the-private-sector-need-to-import-and-export\/","title":{"rendered":"Cuba: what does the private sector need to import and export?"},"content":{"rendered":"<p style=\"text-align: right;\"><a href=\"https:\/\/oncubanews.com\/contribute\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>Help us keep OnCuba alive<\/strong><\/em><\/a><\/p>\n<p>Cuba created a territorial map that identifies 1,026 goods and services with export possibilities, as well as 382 non-state forms of management\u2015private businesses and cooperatives\u2015of different sectors with the potential to export, <em><a href=\"http:\/\/www.granma.cu\/cuba\/2020-08-03\/como-accederan-las-formas-no-estatales-de-gestion-a-los-servicios-del-comercio-exterior-03-08-2020-23-08-09\" target=\"_blank\" rel=\"noopener noreferrer\">Granma<\/a><\/em> newspaper reported.<\/p>\n<p>\u201cWe need exports to grow and that imports be more rational,\u201d Rodrigo Malmierca, minister of Foreign Trade and Investment (MINCEX), recently said, cited by the source.<\/p>\n<p>The Cuban government decided to extend the export and import operations\u2015monopolized by state enterprises\u2015to private businesses and cooperatives with the capacity to produce goods and services demanded in the international market.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"DYnH3iJKu2\"><p><a href=\"https:\/\/oncubanews.com\/cuba\/gobierno-cubano-da-luz-verde-a-las-exportaciones-importaciones-y-al-mercado-mayorista-para-el-sector-privado\/\">Gobierno cubano da luz verde a las exportaciones, importaciones y al mercado mayorista para el sector privado<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"\u00abGobierno cubano da luz verde a las exportaciones, importaciones y al mercado mayorista para el sector privado\u00bb \u2014 OnCubaNews\" src=\"https:\/\/oncubanews.com\/cuba\/gobierno-cubano-da-luz-verde-a-las-exportaciones-importaciones-y-al-mercado-mayorista-para-el-sector-privado\/embed\/#?secret=7wBcOnEBcZ#?secret=DYnH3iJKu2\" data-secret=\"DYnH3iJKu2\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The foreign trade services, however, will be in charge of <a href=\"https:\/\/www.mincex.gob.cu\/files\/20952609925f1ae4a3d58b87.53154459.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">36 state entities<\/a> that will act as intermediaries between the Cuban self-employed and their clients abroad.<\/p>\n<p>According to the source, private business owners who wish to export or import goods and services must have current accounts in Cuban pesos (CUP), Cuban convertible pesos (CUC) and freely convertible currency at Banco\u00a0Popular de Ahorro, Banco Metropolitano or that of\u00a0 Cr\u00e9dito y Comercio.<\/p>\n<p>The prices of imports or exports will be agreed between the client and the state enterprise that offers the service, for which the value of those products in the closest markets will be used as a reference.<\/p>\n<p>According to the head of the MINCEX, from the income received from exports, the state entity \u201cwill discount a small commercial margin\u201d and the expenses associated with the operation.<\/p>\n<p>\u201cA percentage of the foreign exchange earnings will be retained by non-state forms of management for their own development, either to import or for other expenses they have in the country. That will also be agreed between the parties,\u201d Malmierca explained.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"NxOLbgJNM6\"><p><a href=\"https:\/\/oncubanews.com\/en\/cuba\/economy\/new-measures-or-implementation-of-what-was-approved\/\">New measures or implementation of what was approved?<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;New measures or implementation of what was approved?&#8221; &#8212; OnCubaNews English\" src=\"https:\/\/oncubanews.com\/en\/cuba\/economy\/new-measures-or-implementation-of-what-was-approved\/embed\/#?secret=Tg7VOKDT04#?secret=NxOLbgJNM6\" data-secret=\"NxOLbgJNM6\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The rest would be placed in the accounts in CUC or CUP that are operated by means of debit cards, with which it will not be possible to extract freely convertible currency, given the intention of the Cuban government to \u201cbank the process as much as possible and that the foreign currency not circulate in cash,\u201d he explained.<\/p>\n<p>As to imports, the purchase price of the merchandise will be included in the final amount, plus logistics, customs and transportation expenses, which will be paid through the freely convertible currency bank accounts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Help us keep OnCuba alive Cuba created a territorial map that identifies 1,026 goods and services with export possibilities, as well as 382 non-state forms of management\u2015private businesses and cooperatives\u2015of different sectors with the potential to export, Granma newspaper reported. \u201cWe need exports to grow and that imports be more rational,\u201d Rodrigo Malmierca, minister of [&hellip;]<\/p>\n","protected":false},"author":3134,"featured_media":225601,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13902],"tags":[14816,20510],"ppma_author":[33546,8689],"class_list":["post-225600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuba","tag-cuban-economy","tag-private-sector-in-cuba"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cuba: what does the private sector need to import and export? | OnCubaNews English<\/title>\n<meta name=\"description\" content=\"The Cuban government decided to extend the export and import operations\u2015monopolized by state enterprises\u2015to private businesses and cooperatives with the capacity to produce goods and services demanded in the international market.\" \/>\n<meta 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