Cuba and Russia strengthen their Trade Links

HAVANA, Cuba, Nov 1 (acn) During the 34th International Fair of Havana (FIHAV by its Spanish acronym), Cuba and Russia bet in this city for strengthening and consolidating their economic and trade links with the concretion of new cooperation agreements.

Georgy Kalamanov, Deputy Minister of Industry and Trade of the European nation, said he was happy to attend this business meeting, one of the largest in Latin America and the Caribbean and in which a pavilion at EXPOCUBA exhibition center hosts several firms or Russian companies interested in investing in Cuba.
In presence of Ricardo Cabrisas, vice president of the Council of Ministers and Minister of Economy and Planning, and Mijail Kaminin, Russia's ambassador in Havana, the senior official recalled that his country contributes to the modernization of rail transport, the sugar industry and civil aviation of the Caribbean island.
Rodrigo Malmierca, Minister of Foreign Trade and Foreign Investment, stressed that economic and trade ties continue to rise, and they have worked hard since the presidents of both countries agreed to strengthen bilateral cooperation in 2014, a fact noted with successive meetings between representatives from both nations.
He added that as a result of the meetings of the governmental commissions, Russia has provided loans in the energy sector (assembly of four electricity generating blocks) and for the expansion and modernization of José Martí Steel Company, in Havana.
Malmierca noted that in the context FIHAV 2016, Cuban and Russian entrepreneurs will examine new business opportunities and sectors or activities in which they can expand the already traditional economic and trade links, as there are still potential to exploit.
Shortly after Kalamanov and Cabrisas cut the tape with which it was officially inaugurated the pavilion of that country, precisely in the National Day of Russia, several agreements were signed, aimed at further modernize Cuban sugar industry and airport services.