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Trade fair of Havana: Cuba looks back in the direction of the East

The trade fair in Havana will attract investors. While Germany opened a trade office strengthened, particularly in Russia its presence in Cuba. From Havana Andreas Knobloch.

It were as pleasing as surprising news, the made since the end of September the round. Cuba and the United States is a Joint-Venture in the field of biotechnology: Innovative Inmmunotherapy Aliance S. A. mixed companies to develop cancer drugs and therapies. The Governor of New York, Andrew Cuomo, who had engineered the Deal significantly, celebrated the Alliance to the press as a “historic step”.

A ray of light in times when the relations between the two countries became frosty. Watch this Trend can also be illustrated in the on Monday (29.10.) beginning annual trade fair FIHAV in Havana.

Had confessed to the fair three years ago, still in the sign of the rapprochement between the USA and Cuba – with a record participation of U.S. companies – is gone then the euphoria now. At this year’s edition, only a few exhibitors from the USA will take part. Similar steps as in the previous year, said Cuba’s foreign trade Minister Rodrigo Malmierca told the press in Havana. 2017 had occupied 16 of the US company of around 250 square meters of exhibition space.

Trump leaves Cuba to Russia to look

Almost four years after Barack Obama’s pivot in the Cuba policy of the US, the disenchantment. Under Trump, the USA returned to Cold war rhetoric. Obama’s adopted travel and trade facilitation between the United States and Cuba have been withdrawn. The continuing Blockade against Cuba is to be set in some areas more stringent. Transactions with the Cuban military controlled companies were banned.

The German economy is a regular guest at the recent trade fair in Havana (here is a picture from the year 2014)

The fair, Cuba’s showcase for potential investors on the island, and at the same time level of economic development. And the stagnant. Just a few days ago the economic Commission for Latin America and the Caribbean (ECLAC) had lowered its growth forecast for the Cuban economy for 2018 to 1.1 percent.

Cuba’s closest ally Venezuela produces less Oil, tourism is on the decline, hurricanes, and Floods have caused serious damage – the country urgently needs foreign investment. The of the since April President Miguel Díaz-Canel repeated at every opportunity.

In the framework of FIHAV-Cuba will introduce a new investment catalog. In the past year, these 456 projects included with a total investment of 10.7 billion US dollars. His goal, every year 2.5 billion U.S. dollars of foreign capital to attract, the country currently but still far.

German economy opens trade office

In total, exhibitors from more than 60 countries have confirmed their participation in FIHAV. The show, Malmierca, “that the world holds to Cuba, despite the worsening of the economic, commercial and financial blockade by the United States”. Among the most important exhibitors, according to tradition, Spain, Venezuela, China and Russia. Also, German companies will be back with a private gazebo represented. In addition, will be opened in the coming week, the “German office for the promotion of trade and investment in Cuba,” in the presence of the Deputy chief Executive of the DIHK, Achim Dercks, as well as several state secretaries of various government ministries solemnly.

But especially a former Partner, the relationship will again close: Russia. So a forum of Entrepreneurs “Russia – Latin America and the Caribbean will take place in the framework of the fair”. The perspectives to be explored “for the cooperation in the fields of trade, economy and investments between Russia and the countries of the Region,” as it was called in the announcement. Russia as the successor state of the Soviet Union had given Cuba 2014, around 90 per cent of his old debts. The remaining approximately 3.5 billion US dollars should be compensated with preferential conditions for Russian investments on the island.

The Russian Oil company Rosneft Cuba to modernize the largest refinery in Cienfuegos, which runs because of reduced oil Supplies from Venezuela only at half strength. In September 2017, both countries signed also a package of agreements, including in the energy sector, railway transport and for the delivery of elevators. Other agreements relate to the manufacture of food products and the textile industry. In addition, Russia, Trucks, buses, and locomotives. This fits in with that of Cuba, President Díaz-Canel will leave next week for his first state visit to Russia. Cuba is oriented back towards the East.


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