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August Tuesday

Cuba to empower private sector

HAVANA, Cuba, Jul 23 (ACN) By opening whole sales and facilitating exports and imports for the non-state businesses, plus other encouraging measures, Cuba is empowering the private sector as one more key player in its economic development.

Speaking to the nation through the prime time Round Table TV news analysis program, Cuban Minister of Foreign Trade and Investment, Rodrigo Malmierca, confirmed the Government's interest to facilitate new forms of management in exports and imports, both for the state and non-state sectors.
There will be equal conditions for all players involved in these processes, he reiterated.

He further said there are already 36 companies specialized in foreign trade activities to provide such services to the non-State sector, for which - she said - online training courses will be made available to improve their exportable products.

For her part, Minister of Domestic Trade of Cuba, Betsy Diaz, foresaw profound changes in the managerial structure of services and businesses in her sector, starting with gastronomy aimed at enhancing quality.

She also referred to the importance of strengthening the wholesale market in the capital and other places, something that will help self-employed workers.
President of the Cimex Corporation, Hector Oroza, stressed that Cuba will open next September the wholesale market to the private sector in freely convertible currency (US dollars, Euros and others).

He assured that progress is being made in this direction and that by this month, all provincial capitals in the country will be able to have one of these stores, while two will open in Havana.

Oroza also explained that this market will provide services to companies with 100 percent of their capital abroad or mixed, while self-employed workers and non-agricultural cooperatives will be able to access them.

Minister Malmierca stressed these decisions are not isolated, but they are part and parcel of a comprehensive process that must be accomplished swiftly and efficiently.
 

 

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