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	<title>Cubadebate (English) &#187; trade</title>
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		<title>Havana is once again the capital of health: Cuba Salud 2022 began</title>
<link>http://en.cubadebate.cu/news/2022/10/17/havana-is-once-again-capital-health-cuba-salud-2022-began/</link>
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		<pubDate>Mon, 17 Oct 2022 22:06:41 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
				<category><![CDATA[News]]></category>
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		<category><![CDATA[fair]]></category>
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		<category><![CDATA[Manuel Marrero Cruz]]></category>
		<category><![CDATA[Miguel Díaz-Canel Bermúdez]]></category>
		<category><![CDATA[Ministry of Public Health (MINSAP)]]></category>
		<category><![CDATA[Palace of Conventions]]></category>
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		<description><![CDATA[After the well-deserved tribute to health and science professionals, whose efforts and commitment to life allowed Cuba to successfully overcome the covid-19 pandemic; the master conference "The government management system based on science and innovation and its implications for health", given by Dr. C. Miguel Díaz-Canel Bermúdez, first secretary of the Central Committee of the Communist Party of Cuba and president of the Republic, inaugurated this afternoon the largest event organized by Cuban public health: the Cuba-Health International Convention 2022.]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-18335" alt="cuba-salud-evento-2022-580x319" src="/files/2022/10/cuba-salud-evento-2022-580x319.jpg" width="298" height="249" />After the well-deserved tribute to health and science professionals, whose efforts and commitment to life allowed Cuba to successfully overcome the covid-19 pandemic; the master conference &#8220;The government management system based on science and innovation and its implications for health&#8221;, given by Dr. C. Miguel Díaz-Canel Bermúdez, first secretary of the Central Committee of the Communist Party of Cuba and president of the Republic, inaugurated this afternoon the largest event organized by Cuban public health: the Cuba-Health International Convention 2022.</p>
<p>The event, which will be held from October 17 to 21 at the Havana Convention Center, will put the challenges of public health at the center of the debate to achieve the goal of universal health in a post-pandemic scenario and the response from the health sector to the devastating ones derived from the health crisis caused by covid-19.</p>
<p>Under the slogan &#8220;Universal Health, as part of the 2030 Health Agenda, in a post-Covid-19 context&#8221;, the scientific forum brings together more than 2,000 participants from 65 countries, including some twenty ministers, senior sector officials and more than 50 official delegations.</p>
<p>The extensive scientific program will facilitate debate on relevant topics such as the impact of climate change on health, the safety and quality of medical care, emerging and re-emerging diseases, the organization and operation of health systems to be more efficient and sustainable, antimicrobial resistance, new forms of international cooperation in health, research and innovation in health, as well as medical education, among other topics.</p>
<p>Manuel Marrero Cruz, member of the Political Bureau of the Communist Party of Cuba and Prime Minister, José Angel Portal Miranda, Minister of Public Health, Carissa Faustina Etienne, director of the Pan American Health Organization, among other specialists in the area were present at the meeting. .</p>
<p>As part of this event, three associated fairs are held: The XV Health for All Trade Fair; the 3rd Scientific Publishing Fair and the 1st Medical Tourism and Wellness Fair, which includes the 2nd Foreign Investment Forum.</p>
<p>In Cuba Salud 2022, an exhibition on the National Health System will also be exhibited, which will represent the areas of medical care, hygiene and teaching, science and innovation and health promotion.</p>
<p>According to Dr. Ileana Morales Suárez, director of Science and Technological Innovation of the Ministry of Public Health, the organization of this Convention conceives the harmonic integration of its scientific, exhibition and commercial activities. For its realization, it had the help of prestigious national and international entities and the official venues are the Convention Center of Havana, the Pabexpo fairgrounds and the University of Medical Sciences of Havana, whose precursor center, the Institute of Basic Sciences and Preclinical Victoria de Girón celebrates its sixtieth anniversary today.</p>
<p>&#8220;With this edition, the Cuba Salud conventions are ten years old, a decade of scientific activities aimed at dialogue and reception around global health in a period marked by complex challenges in the international arena. The four editions have focused their attention on relevant issues such as the quality and effectiveness of health systems, health for all and health coverage, universal health for sustainable development, and on this occasion they will speak in particular about health, freedom as part of the twenty thirty health agenda in the post scenario covid.</p>
<p>The meeting provides for a broad scientific program that will promote a debate on the current and future challenges of public health and will also delve into the opportunities gap related to health in public policies. The exchanges will include experts from 64 countries, so it is hoped that a consensus will be reached on the need to consider the improvement of the population&#8217;s health as a fundamental determinant of social development.</p>
<p>The scientific program has 310 activities included in 31 events and 1,611 scientific papers were approved.</p>
<p><strong>(By: Lisandra Farinas Acosta)</strong></p>
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		<title>Opens its doors XV Health for All Trade Fair and I International Fair of Medical Tourism and Well-being</title>
<link>http://en.cubadebate.cu/news/2022/10/17/opens-its-doors-xv-health-for-all-trade-fair-and-i-international-fair-medical-tourism-and-well-being/</link>
		<comments>http://en.cubadebate.cu/news/2022/10/17/opens-its-doors-xv-health-for-all-trade-fair-and-i-international-fair-medical-tourism-and-well-being/#comments</comments>
		<pubDate>Mon, 17 Oct 2022 14:17:33 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Cuba]]></category>
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		<category><![CDATA[fair]]></category>
		<category><![CDATA[Health]]></category>
		<category><![CDATA[Manuel Marrero Cruz]]></category>
		<category><![CDATA[Ministry of Public Health (MINSAP)]]></category>
		<category><![CDATA[Photography]]></category>
		<category><![CDATA[Public Health]]></category>
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		<description><![CDATA[With the opening of the XV Health for All Trade Fair, this October 17 at the Pabexpo site in the Cuban capital, an opportune space was opened to evaluate the current and future challenges of Public Health in the world and continue strengthening commercial ties that contribute to the development of nations. Just 39 years after the first of these fairs was held, an initiative of Commander in Chief Fidel Castro, this exhibition and commercial forum was inaugurated as part of the Cuba Salud 2022 Convention]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-18344" alt="salud02-580x384" src="/files/2022/10/salud02-580x384.jpg" width="300" height="250" />Manuel Marrero Cruz, member of the Political Bureau and Prime Minister of the Republic of Cuba, attended the opening of the meeting, which will serve as an appropriate framework for the exchange of current issues in the commercial, service and technological fields.</p>
<p>Also present were Jorge Luis Broche Lorenzo, member of the secretariat of the Central Committee of the Communist Party of Cuba and head of its Department of Attention to the Social Sector; Jorge Luis Perdomo Di-Lella, Deputy Prime Minister of the Republic of Cuba; Dr. José Angel Portal Miranda, Minister of Public Health of Cuba and Dr. Carissa F. Etienne, Director of the Pan American Health Organization.</p>
<p>&#8220;Cuba is a health tourism destination endorsed by the prestige and achievements of Cuban medicine, the expertise, warmth and sensitivity of its professionals,&#8221; said the prime minister.</p>
<p>&#8220;The history of Cuban medicine shows achievements in rigorous, advanced and innovative work methodologies, procedures and medical protocols for human health,&#8221; said Marrero Cruz in the opening remarks of the fair, which has the presence of 118 companies from from 40 markets, 68 national companies, hotel chains and micro, medium and small companies (MSMEs).</p>
<p>Marrero Cruz highlighted the collaboration between the Ministries of Health and Tourism and stated that this fair is here to stay. &#8220;We have to systematize it with all the potential that Cuba represents to offer and market health tourism at an international level,&#8221; said the prime minister, who pointed out that in the midst of the complex times that the country is experiencing, the high level is satisfactory. participation in this fair.</p>
<p>He commented that the meeting has an extensive program of activities, where more than 150 meetings and exchanges, conferences, panels, presentations and negotiation rounds stand out.</p>
<p>“All the health potential, built up over more than 60 years of training and professional practice, together with scientific and biopharmaceutical development and that achieved by our tourism industry in the country, is fully articulated to provide the best service based on heal and offer the highest quality of life. Cuban public health and the experience of our professionals and the tourist locations that the country presents make a perfect combination for health tourism, aimed at raising people&#8217;s quality of life”, he said.</p>
<p>Marrero Cruz highlighted the importance of holding both events, both the Fair and the Convention, after having successfully overcome the covid-19 pandemic.</p>
<p>“There was not a moment when we did not think of Fidel, because his design of the Cuban public health system was the one that allowed us to face a totally unknown disease. Precisely that experience of the Cuban health system, which begins with primary care, which is where people&#8217;s lives are really saved, with the constant and systematic care of family doctors,” he said.</p>
<p>“Today great efforts are being made by the Ministry of Public Health to consolidate this primary health system. All the family doctor&#8217;s offices are being repaired, almost 12,000 throughout the country, ”he specified,</p>
<p>Likewise, he explained that the confrontation with covid-19 has been studied, since there are processes and protocols that were incorporated and are here to stay.</p>
<p>“We defend that the Cuban health system will always be public.</p>
<p><strong>(By: Lisandra Fariñas Acosta e Ismael Francisco)</strong></p>
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		<title>Export as agile as possible?: The experience of Dofleini Software, the first official Cuban MSME</title>
<link>http://en.cubadebate.cu/news/2022/08/15/export-as-agile-as-possible-experience-dofleini-software-first-official-cuban-msme/</link>
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		<pubDate>Mon, 15 Aug 2022 16:53:30 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
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		<category><![CDATA[Companies]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Foreign Trade]]></category>
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		<description><![CDATA[When in 2021 Dofleini Software became the first official Cuban MSME, its managers had the expectation of increasing the exports that they began under the umbrella of self-employment. Today, although every month they report sales and have accessed the Canadian, English, Spanish markets and "sometimes someone else joins in", the aim is to make the process "as agile as possible", without unnecessary mediators. This project, which offers the “specialized software development service in different areas”.]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-17691" alt="dofleini-software_01-580x330" src="/files/2022/08/dofleini-software_01-580x330.jpg" width="300" height="250" /></p>
<p>When in 2021 Dofleini Software became the first official Cuban MSME, its managers had the expectation of increasing the exports that they began under the umbrella of self-employment. Today, although every month they report sales and have accessed the Canadian, English, Spanish markets and &#8220;sometimes someone else joins in&#8221;, the aim is to make the process &#8220;as agile as possible&#8221;, without unnecessary mediators.</p>
<p>This project, which offers the “specialized software development service in different areas”, was one of the first within the new technology sector to export, after this possibility was approved in 2020 for private forms of management, through state entities.</p>
<p>Always with Desoft as mediator, since that year Dofleini Software has been exporting “consecutively every month”. Its leader, Carlos Miguel Pérez Reyes, tells how this experience has been in an activity considered essential for the recovery of the country&#8217;s economy.</p>
<p>Sitting in his office, the young computer scientist explains that until now they have only agreed with Desoft, even though the MSME is incubated in the Havana Scientific and Technological Park, which also has facilities to carry out foreign trade activities, and that there are other authorized companies. , including Softel, Solintel and Citmatel.</p>
<p>“Dofleini has brought all of his clients to the table. Desoft does not put the market. We manage 100% of our clients, we know who they are and what they want. Once everything is well matured, we present it to Desoft”, comments Carlos and regrets that in this process of formalities they have lost potential clients.</p>
<p>The paperwork “sometimes takes between two and three months”, because “the company that intends to hire your services must show if it has the money to pay, if its bank can transfer the money to Cuba and if it is of Cuban origin, meet other special characteristics. ”.</p>
<p>The leader of this MSME of six partners and 51 workers considers that Desoft certainly allowed them to &#8220;engage&#8221; with the existing mechanisms in the country for foreign trade, in which they had no experience.</p>
<p>“For example, when you are a new client, you must register with Mincex, and you also work with international courts for conflict resolution, in accounts receivable&#8230; Desoft has more experience in this, but we think that the processes could be more efficient. , using technology. So that the contracting is 100% digital and takes place in one day, without mediating the classic signatures on a page”.</p>
<p>Above all, Carlos insists, because in programming and computer activities there is a very competitive market at an international level, and “if there is a slight obstacle that prevents either payment – ​​one of our big problems due to the blockade – or efficient contracting , the client leaves and looks for another company”.</p>
<p>ely to foreign trade activity. Its corporate purpose is not to make our path to foreign trade easier. They have to make software for Cuba and export their own products and services, and also deal with all their contracts.</p>
<p>“The fact that they have to take over a piece of someone&#8217;s work, I see it badly in several directions. The first, they are our competitors; the second, we are putting the socialist state company at risk, which is showing its face to the world to represent a form of management that it could not even know; and the third is that it is playing the role of judge and party, making decisions based on its own interests, and not based on the interests of the exporter”.</p>
<p>In addition, he adds, these large state-owned companies have complex work mechanisms: thousands of contracts, hiring committees, business groups&#8230; &#8220;This slows down the processes, unlike small companies, whether private or state-owned.&#8221;</p>
<p>The Government announced that state microenterprises specialized in providing import and export services to non-state management forms would be approved. Carlos points out that up to now there is no MSME dedicated to foreign trade, at least in programming and computing activities, and considers that, although this route can improve the current situation, in the case of software development, direct export would be more convenient.</p>
<p>In his opinion, other barriers to exports are built from the standards themselves. “The regulations are designed to export tangible goods, things that can be assembled in a box. But there are other activities, like ours (computer specialists, designers, social networks) that move away from these traditional rules. For example, the procedures are not intended to export short-term IT services”.</p>
<p>For each service that Dofleini exports, 20% of the payment is received in Cuban pesos, at the official rate of 1 USD x 24 CUP. Of the remaining 80%, Desoft charges a 3% commission.</p>
<p>In the Round Table this Monday it was announced that certain non-state economic actors will be authorized to directly carry out foreign trade activities under the control of the Ministry of Foreign Trade and Foreign Investment. &#8220;We are evaluating starting with the entities that export computer services,&#8221; said the first deputy minister of that body.</p>
<p>If this state mediation were eliminated, how would they develop the foreign trade activity? “The first thing would be the export of our products and services through digital platforms. A completely online service, as agile as possible, at the level of the first world. In fact, this platform is already prepared.</p>
<p>&#8220;We would do it with total transparency, in terms of taxes, income and number of clients, and always in accordance with what is established in the country,&#8221; says Carlos.</p>
<p>However, he considers it valid to maintain the option that a specialized state company can represent the interests of non-state forms, which exists in other countries. &#8220;We understand that certain self-employed workers or small companies, who have not had much experience in exporting services, may see these mediating companies as an important alliance.&#8221;</p>
<p>Obtaining and increasing foreign currency is an urgency for the country; remove obstacles and streamline processes, a necessity, even more so when entering the international market from Cuba is not an easy task. “Our infrastructure does not have the same level of development as that of other companies in the world and accessing certain financing is complex.</p>
<p>“But it can be achieved, we have shown it,” says the leader of Dofleini, whose efforts are also dedicated to the digital transformation of Cuban society, with total certainty. They work in more than 30 companies on the creation of systems that are disruptive, that is, that change the way technology is used in order to be more efficient.</p>
<p><strong>(By: Lissett Izquierdo Ferrer, Abel Padrón Padilla, Ana Álvarez Guerrero, Cubadebate)</strong></p>
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		<title>Announcement of new measures for Foreign Trade and internal wholesale and retail trade</title>
<link>http://en.cubadebate.cu/news/2022/08/14/announcement-new-measures-for-foreign-trade-and-internal-wholesale-and-retail-trade/</link>
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		<pubDate>Sun, 14 Aug 2022 15:52:44 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
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		<description><![CDATA[Betsy Díaz Velázquez, Minister of Domestic Trade, and Ana Teresita González Fraga, First Deputy Minister of Foreign Trade, appeared this Monday at the Round Table to report on new economic measures that are part of those announced by Deputy Prime Minister Alejandro Gil in the recent session of the National Assembly of People's Power. At the beginning of the television space, the First Deputy Minister of Foreign Trade, Ana Teresita González Fraga, stressed that the announced measures.]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-17684" alt="medidas-economicas-2022-cuba-portada-" src="/files/2022/08/medidas-economicas-2022-cuba-portada-.jpg" width="300" height="250" />Betsy Díaz Velázquez, Minister of Domestic Trade, and Ana Teresita González Fraga, First Deputy Minister of Foreign Trade, appeared this Monday at the Round Table to report on new economic measures that are part of those announced by Deputy Prime Minister Alejandro Gil in the recent session of the National Assembly of People&#8217;s Power.</p>
<p><strong>First Vice Minister of Foreign Trade: Why take these measures?</strong></p>
<p>At the beginning of the television space, the First Deputy Minister of Foreign Trade, Ana Teresita González Fraga, stressed that the announced measures should not be viewed independently or in isolation, but rather are decisions that will lead Cuba to recover from the complex economic situation it is facing. the country and progress progressively.</p>
<p>González Fraga referred to the foreign exchange restrictions in which state entities with commercial activities operate, which has caused a shortage in the internal market of goods highly demanded by the population and by non-state actors. It has also caused the development of spontaneous and informal forms in the supply chains, which influence the increase in prices.</p>
<p>“The country has been adopting a group of measures to deal with this situation, such as, for example, increasing the use of consignments and, to a lesser extent, the sale of goods under the customs warehouse regime, since they are ways to have goods in the country”, he stressed.</p>
<p>The deputy minister pointed out that state companies have also been created to provide foreign trade services, under the legislation issued in relation to MSMEs, which have &#8220;more flexible provisions in their operation than the rest of the state companies that today do foreign trade.</p>
<p>These state MSMEs – she explained – have specialized to offer foreign trade services to non-state management forms. The establishment of foreign investment modalities in wholesale trade has also been promoted. Two have already been constituted and there are others in negotiations.</p>
<p>“The actions have been insufficient to stop the complex economic situation that the country has today. The situation of shortages in the domestic market continues and the expected impact on the development of wholesale trade has not been achieved”, she acknowledged.</p>
<p>González Fraga asserted that they have not taken advantage of the benefits that the participation of foreign investment could bring today in the development of trade, such as, for example, in terms of access to supply markets, in attracting financing, equipment, methods of administration, or the use of innovative techniques for logistics management.</p>
<p>&#8220;The exchange scheme should contribute to some extent to the development of wholesale and retail trade,&#8221; she said.</p>
<p><strong>In detail, the new provisions</strong></p>
<p>Based on these evaluations, he specified, several measures have been adopted that will be reported below.</p>
<p>Firstly, it has been decided to promote the development of businesses throughout the country in order to promote wholesale trade through foreign investment.</p>
<p>&#8220;It is important to know that foreign investment, until today, we have basically used to produce goods and services, and today we are proposing that foreign investment entities be created to market in the wholesale market.&#8221;</p>
<p>Another approved measure is to selectively promote the creation of joint ventures under the foreign investment law to carry out retail trade activities, which will allow greater efficiency in this area of ​​commerce.</p>
<p>It was also approved to promote that these foreign investment businesses be used, fundamentally, for the sale of raw materials, supplies, equipment and other goods that can contribute to promoting the development of national production.</p>
<p>In addition, to the supply of finished goods such as food products, cleaning and economic line and installation of electricity generation systems with renewable energy sources.</p>
<p>&#8220;We want these measures to have an immediate impact on shortage problems and help improve offers in stores in MLC and in national currency,&#8221; said the First Deputy Minister of Foreign Trade.</p>
<p>Another of the approved measures is to encourage these entities to pre-finance national producers who have the conditions to become suppliers. “We are talking about the fact that today we have installed capacities in the country that, due to lack of financing, cannot produce goods.</p>
<p>“What is sought is to pre-finance these national producers so that, in time, they deliver the finished goods to the foreign investment modalities, and these, in turn, market them in the national market to contribute to a greater supply in the national market,&#8221; he explained.</p>
<p>The foreign investment modalities themselves – specified the deputy minister – can also sell and wholesale these products.</p>
<p>Another of the measures is to apply to these entities a differentiated financial scheme that allows guaranteeing the stability of the supply chain.</p>
<p>&#8220;This scheme must include the authorization to make sales in MLC,&#8221; he said, adding that the liquidity that the country obtains from taxes and other income associated with these businesses, will be used to stimulate national production, support imports of economic line products and market them to the population in Cuban pesos.</p>
<p>González Fraga reported that the other approved measure is to facilitate foreign investment modalities established in the country for the provision of goods and services to sell in the wholesale trade segment, including non-state management forms, NGOs, embassies, representations companies and branches in Cuba.</p>
<p>&#8220;These are decisions that substantially modify the role that has been given to foreign investment in internal trade, and that will be accompanied by adequate control and monitoring mechanisms to guarantee that these measures are effective.&#8221;</p>
<p>The Vice Minister of Foreign Trade pointed out that the approval of these businesses will be carried out by the competent authority, for which it must be ensured that they are in correspondence with the objectives for which they were approved.</p>
<p>Díaz Velázquez: The commerce sector also needs foreign investment<br />
Betsy Díaz Velázquez, Minister of Internal Trade, pointed out that, since the design of the economic strategy, trade has been at the center of it, focused on measures that allow resolving the complex situation in supply and taking into account the difficult context international, the logistics crisis and the effects generated by the economic blockade against Cuba.</p>
<p>“Trade has not really been a prioritized sector in the field of foreign investment, because the main projects have been aimed at the production of goods and services,” she said.</p>
<p>However, she specified, every year a policy that was born with limitations has been updated, but has been enriched and in which we have been finding other opportunities.</p>
<p>“Foreign investment does not escape the strategy of the trade sector, including the attraction of capital and the capture of new technologies, as well as the incorporation of management and marketing methods.</p>
<p>“We could consider that we know what the Cuban market demands and this is not exactly the case, because we see that today we have diverse cultures, so we also have to acquire marketing studies from foreign investment that allow us, once we have access to goods and services, bringing what is really attractive to the Cuban population,” he explained.</p>
<p>The trade sector also needs foreign investment, she stressed, Díaz Velázquez, and considered that based on the decisions adopted, it is an opportunity that carries a very high responsibility so that it has the immediate result that the population expects.</p>
<p>“That is to say, that the effect of the measure, which has to start with sales in MLC, has an effect in increasing the offers in CUP and, with it, counteracting the excessive increase in prices and stabilizing the offer, which is one of the greatest difficulties that we present today”, he pointed out.</p>
<p>The minister gave the example of the Gran Comercial company, which was granted the import and export facility in December 2021.</p>
<p>“It is a company that recently has this faculty. We have been incorporating tasks with the dynamics and commitment to show that it is possible to do wholesale trade in Cuba. It has incorporated the consignment, today with a contract for hairdressing and beauty products, but there are other ongoing contracts related to supplies and household items, hardware items and other office supplies.”</p>
<p>Regarding this last line, she said that although this company previously had the purchasing concentration for the Cuban business system and has experience in that sector, now it ventures into modalities that it did not work before.</p>
<p>Today it has more than 900 contracts with non-state forms, both self-employed workers and non-agricultural cooperatives, MSMEs and others. It was one of the companies that was incorporated into those that could import non-state forms of management.</p>
<p>“The result of these operations in MLC has not stopped being sold in Cuban pesos, so it is an example that the result of this measure can be achieved,” Díaz Velázquez stressed.</p>
<p>The minister referred to another established company, Logística Hotelera del Caribe, which provides services mainly to the tourism sector, &#8220;but today we are evaluating whether it can participate in the full scope of the measures we are proposing.&#8221;</p>
<p>Retail trade may be carried out through joint ventures<br />
What are the opportunities we have today in the Cuban market to do wholesale and retail trade with foreign investment? In this regard, the minister mentioned some data:</p>
<p>The country has a network of more than 27,000 warehouses throughout the economy, 1,905 of them in the commerce sector, and of these, 478 refrigerators, which allow the supply chain to be completed without breaking the cold chain.</p>
<p>There is a network of retail units – which excludes warehouses, program stores and the chain store network – that exceeds 2,000 units.<br />
&#8220;This is an infrastructure that is currently underutilized and deteriorated by shortages, where, although alternatives such as installment sales, retail houses and others have been incorporated, there is still a usable space to incorporate these decisions adopted,&#8221; she explained.</p>
<p>The minister commented that there has always been an aspiration for other actors to participate in wholesale trade.</p>
<p>“Today the non-state forms, the mipymes, are doing wholesale trade. A group of them have recently been approved that today show us the different ways of doing things, with a flexible, small structure, so we consider that we are at the right time for the decisions adopted”.</p>
<p>What policy did the commerce sector have? On this point, Díaz Velázquez pointed out that it was aimed at developing wholesale trade and, exceptionally, retail trade with foreign investment, with the aim of attracting financial resources, advanced management methods, technologies and marketing techniques.</p>
<p>In this context, where do the decisions adopted go? The minister explained that they are aimed at:</p>
<p>Eliminate the exceptional nature of the participation of foreign investment in retail trade. Today is not exceptional, but it is not completely open either. &#8220;A state market has to prevail and today we defend social programs that we serve, so it will not be an open retail business, but neither will it be restrictive as it was established up to now.&#8221;<br />
In wholesale trade, the fundamental modalities that had been applied to date, of the three provided for in the Foreign Investment Law, were joint ventures and international economic association contracts, with a common fund or by service.</p>
<p>“Today we are saying that we can also evaluate whether there is a participation of totally foreign capital companies in wholesale trade. Of course, with the criterion that it be a company that contributes to the objectives that we have set for ourselves.</p>
<p>“We are defending that this wholesale trade is a supplier of raw materials, equipment, inputs, technology to incorporate renewable energies; that is, a provider that promotes and stimulates the non-state and state sectors. We are talking about a wholesale market that allows us to have raw materials in the country and, of course, a productive development in less time than we have today due to the limitations and the international logistics crisis”.</p>
<p>Therefore -he said-, &#8220;all the businesses that we design, evaluate, which will not only be in our trade sector, but also in everyone who does wholesale and retail trade, will have as a premise that we have to promote national production and achieve the true productive chains, which can start from pre-financing or from certain inputs that are guaranteed to all economic actors in the country, and that end in an offer of goods and services to the population”.</p>
<p>In summary, he added, “wholesale trade can be accessed with foreign investment in the form of joint ventures and in international economic association contracts, both with common funds and for the provision of services.</p>
<p>“We will also evaluate (as long as the objectives of the proposal are in correspondence with the objectives that we have set ourselves) companies with totally foreign capital. This had not been seen that way, because it was a restrictive policy.”</p>
<p>Regarding the impact on the retail trade, he pointed out that this would be the main source, &#8220;because if there is a source of fundamental raw materials, we can develop a retail trade with foreign investment, a participation that allows us to have that income and taxes that would be the source to finance the country&#8217;s imports, which are significant and which we cannot give up.&#8221;</p>
<p>Today -continued the Minister of Internal Trade-, &#8220;there is no way to substitute, for example, the wheat that is imported, we will always have to import it, but we have to finance national productions such as rice, beans and other products, to stop rely somewhat on imports in the food sector and other industries such as construction materials.</p>
<p>&#8220;That we really have the necessary chain, that it be a chain that generates the supply of goods to be national products or imported products with the results of these modalities.&#8221;</p>
<p>Díaz Velázquez specified that work is already being done on the business models sought, both wholesale and retail.</p>
<p>“We will not be closed, but evaluating, but we must have lines, principles, because there is an objective: immediately put on the market an offer of goods and services that reverses the complex situation that the country has.</p>
<p>“There are designs made, we are concluding them and all the entities and organizations that currently carry out wholesale and retail trade in the country will participate with us, it is not limited to the commerce sector.”</p>
<p>She added that as part of this process, Cuban parties that can participate will be selected, and specified that there is information on this subject on the institutional website of the Mincin.</p>
<p>Currently, “work is being done on the evaluation of all the joint ventures that currently exist in the country, all the joint ventures that may have scope in wholesale trade.</p>
<p>“We have a look at all the provinces of the country and the objective is also to get mipymes to do wholesale trade in the center and east of the country. There may be a mixed company that is not necessarily in the West, with the capacity to do wholesale trade and that is incorporated into these measures, ”she pointed out.</p>
<p>&#8220;We are going to prioritize and offer these business proposals to companies that have remained in the country,&#8221; she said.</p>
<p>“In these difficult times, there are companies that have been in Cuba for many years, that have accompanied us, that have understood the situation that the country is going through, that today have representations or branches and that will be the first that we would be able to listen to. and advance entrepreneurially so that businesses can be established”.</p>
<p>He stressed that both the Mincex and the Mincin have a high responsibility in the state control of what is believed. &#8220;The objective that is proposed in this business has to be met,&#8221; he stressed.</p>
<p>He reiterated that the purpose is &#8220;to achieve stable supplies in the country, to have an offer of goods and services of essential products such as food, cleaning, household items, clothing, footwear, but all of this, when you look at a business, will have due follow-up, because it also has to have the result we expect, which is to be able to sell CUPs to the population.</p>
<p>He added that a survey of the entire trade network is being carried out, of the establishments that can be incorporated into the measure and reiterated that it will not be limited to domestic trade, but will be extended to all entities that carry out wholesale and retail trade.</p>
<p>“We confirm that this is not an isolated measure, it is part of a set of measures adopted and announced in the National Assembly by the Minister of Economy. It is a measure with constitutional backing, attached to the laws, which seeks results that are reversed in the short term to the benefit of the supply of goods and services to the population in Cuban pesos”, he concluded.</p>
<p>Later, the Minister of Internal Trade clarified that in the field of wholesale trade there could be three forms of investment: international economic associations, companies with 100% foreign capital and joint ventures. In the case of retail, it will be exclusively for joint ventures.</p>
<p>“The flexibility is that it was restricted and that today it is open for mixed companies. We are going to prioritize a group of countries and partners that have been with us all along. It&#8217;s going to be a trade that&#8217;s not restrictive, but it&#8217;s not open. What has been completely opened up is in wholesale trade”.</p>
<p>She indicated that joint ventures and international economic association contracts will continue to be prioritized. Totally foreign capital companies will be evaluated “when their objectives respond to the principles and what is being sought”.</p>
<p>Certain non-state economic actors will carry out foreign trade directly<br />
Ana Teresita González Fraga, first deputy minister of Foreign Trade, said that today there are those who try to show the state monopoly on foreign trade as a centralizing whim and numerous criticisms are poured on this opinion on this issue.</p>
<p>She pointed out that it should be assumed that the state monopoly of foreign trade includes state control over foreign trade activity and the execution, by state entities, of export and import operations.</p>
<p>“We have not renounced and will not renounce the monopoly of foreign trade. This is a very important element to take into account,” she stated.</p>
<p>“In the operation, it must be said that for many years private entities have been involved that have been authorized to do so, such as the different modalities of foreign investment.</p>
<p>“Since July 2020, with the measures taken after the approval of the economic and social strategy, it was approved that a group of state-owned companies carry out foreign trade in non-state management forms. The question is to use forms that allow the country to be protected from the risks that the measures associated with this issue entail.”</p>
<p>In this regard, she recalled that Army General Raúl Castro Ruz, in the central report of the Party Congress, made reference to this issue and quoted the words of the leader of the Revolution:</p>
<p>“Others, hoping to blow up the socialist principle of the state monopoly over foreign trade, have been demanding that private commercial importation be authorized in the spirit of establishing a non-state system of domestic trade. These are questions that cannot lead to confusion and much less to naivety on the part of the leadership cadres and Party militants. There are limits that we cannot exceed, because the consequences would be irreversible and would lead to strategic errors and the very destruction of socialism and, therefore, of national sovereignty and independence.”</p>
<p>The deputy minister affirmed that it is very opportune to remember it, and added that in the analysis carried out, the criterion has been considered that the measures adopted must stimulate exports of goods and services and eliminate all the obstacles and obstacles that limit or prevent them.</p>
<p>“As for imports, the objective would be for these to be financed from new flows received from exports or for other concepts, so that they do not exert additional pressure on the country&#8217;s demand for foreign currency, and that, in addition, in the medium term they can really contribute to increasing national production and reducing imports, another of the proposed objectives”.</p>
<p>She ratified that the state monopoly of foreign trade will continue to be exercised by the Cuban State, which will establish the regulations and control of trade.</p>
<p>“It will continue to be the Cuban State that regulates and controls foreign trade.</p>
<p>On the other hand, the decision has been made to strengthen the state company that carries out foreign trade, increasing the efficiency of operations for non-state forms of management”, she stressed.</p>
<p>She pointed out that this is a measure that has been implemented for some time and there is progress. It was born with 23 state companies that carried out foreign trade and today there are more than 60.</p>
<p>Until last week, he reported, 14,362 foreign trade contracts had been signed, 252 of them for exports, for an amount of 21.4 million dollars, and 13,981 for imports, for a value of more than 240 million dollars.</p>
<p>“In other words, it is a measure that has had an effect, and we are going to continue strengthening the state company and providing a more efficient service.</p>
<p>“Likewise, we are going to continue promoting the creation of state MSMEs for the development of import and export activities for the sale of wholesale products, not only in Havana, it is sought that it be extended to the other provinces of the country, starting through the center and the east.</p>
<p>As an important measure, she considered that certain non-state economic actors will be authorized to directly carry out foreign trade activities under the control of Mincex.</p>
<p>He emphasized that to export and import you have to have technical knowledge. “This is not just any activity, it is necessary to know about certification, product quality, commercial law when signing contracts, insurance, reinsurance, of the actors involved in foreign trade operations.</p>
<p>&#8220;Unfortunately, there is a tendency to simplify what foreign trade operations are and it is believed that everyone is trained or has the possibilities to import and export.&#8221;</p>
<p>He specified that this power (directly carry out foreign trade activity under the control of the Mincex) will be granted to certain non-state actors based on the following criteria:</p>
<p>-The power to export will be granted to entities that produce goods and services with export possibilities in which direct sales abroad can facilitate them.</p>
<p>“We are evaluating starting with entities that export IT services,” he said.</p>
<p>-Import power will be granted in those cases in which carrying out this activity directly allows the conclusion of advantageous contracts that contribute to obtaining goods and services in the national economy with better conditions in terms of prices and others.</p>
<p>“That is to say, entities that manage to market their products and services at better prices to the Cuban population will be given the power to import.</p>
<p>“It must be said that imports are going to be restricted to inputs, raw materials, equipment and other products necessary to fulfill their fundamental economic activity, the corporate purpose for which they were created.</p>
<p>“This will be done as established for state companies. There is no distinction between non-state and state companies. That is, through a nomenclature authorized by Mincex.</p>
<p>&#8220;We are going to evaluate the corporate purpose of the entity and, on that basis, the established nomenclature will be granted.&#8221;</p>
<p>-The other approved measure is to ensure that the economic actors involved in these activities have their own differentiated and executable flows for import and export, so that they do not exert additional pressure on the country&#8217;s demand for foreign currency.</p>
<p>The first deputy minister of Foreign Trade highlighted that a working group has been created, led by the Mincex, which is evaluating all forms of non-state management that export services in order, in September, to present for approval the first entities that would be granted the power to execute foreign trade directly.</p>
<p>She acknowledged that they are complex issues and assured that the Mincex is in the greatest disposition to clarify doubts, support and help through its website and its profiles on social networks.</p>
<p>&#8220;This Tuesday we will publish a group of questions and answers on our website and on the Cubadebate website that offer more details on the implementation of these measures,&#8221; she advanced.</p>
<p>&#8220;We are open to answer any questions or concerns at the Mincex headquarters, in our profiles or at the single window for foreign investment,&#8221; she added.</p>
<p>“We are in a complex scenario, which forces us to make risky decisions, which we must accompany with control measures so that the expected results are not deviated.</p>
<p>“These decisions do not by themselves solve the problems we face today, all of us involved in these decisions and in these approved measures have to work hard, and we have the obligation to attract good partners, act quickly and have the personnel prepared to exercise this task.</p>
<p>&#8220;To the extent that we advance in the implementation of these measures, we will be in a position to continue informing our population about them,&#8221; she concluded.</p>
<p><strong>(Cubadebate Editorial Team)<br />
</strong></p>
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		<title>Cuba and Russia reiterate mutual interest in cooperation</title>
<link>http://en.cubadebate.cu/news/2021/04/01/cuba-and-russia-reiterate-mutual-interest-cooperation/</link>
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		<pubDate>Thu, 01 Apr 2021 22:16:11 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
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		<description><![CDATA[The need to globalize solidarity and international cooperation were emphasized yesterday, during the 18th meeting of the Cuba-Russia Intergovernmental Commission for economic-commercial and scientific-technical collaboration, which concludes today, and is headed by co-chairs Ricardo Cabrisas Ruiz, deputy prime minister of the Republic of Cuba, and Yuri Ivanovich Borisov, vice president of the Russian Federation’s government.]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-16893" alt="rusia Cuba" src="/files/2021/04/rusia-Cuba.jpg" width="300" height="252" />Havana and Moscow maintain collaboration in the railroad, energy, transport and communications industries, topics that are periodically discussed in the 14 working groups functioning within the framework of the Joint Intergovernmental Commission.</p>
<p>The need to globalize solidarity and international cooperation were emphasized yesterday, during the 18th meeting of the Cuba-Russia Intergovernmental Commission for economic-commercial and scientific-technical collaboration, which concludes today, and is headed by co-chairs Ricardo Cabrisas Ruiz, deputy prime minister of the Republic of Cuba, and Yuri Ivanovich Borisov, vice president of the Russian Federation’s government.</p>
<p>In describing the meeting, Cabrisas noted that the traditionally friendly relation between the two nations was reconfirmed, while Borisov described Cuba as a key and strategic partner for his country, with which relations are based on respect, trust and transparency; aspects that mark the history shared by the two nations.</p>
<p>Discussed were matters of mutual interest in the economic, financial, energy, transportation, agriculture, communications and health arenas, among others. The Cuban Deputy Prime Minister emphasized the need to effectively coordinate practical action to neutralize the effects of selective policies and unilateral measures against our countries.</p>
<p>He also thanked Russia for its historic position against the U.S. blockade and reiterated Cuba&#8217;s condemnation of the unjust sanctions Moscow is facing.</p>
<p>The Russian co-chair highlighted the coordinated work of the parties within the framework of the commission and the consensus reached on the main issues of bilateral interaction. Currently, important negotiations are underway regarding industry and military-technical cooperation, and special attention is being paid to the financial aspects of Russian-Cuban trade, he said.</p>
<p>Havana and Moscow maintain collaboration in the railroad, energy, transportation and communications industries, among others, topics that are periodically discussed in the 14 working groups functioning within the framework of the Joint Intergovernmental Commission.</p>
<p><strong>(Taken from Granma)</strong></p>
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		<title>Cuba and Venezuela sign bilateral agricultural agreement</title>
<link>http://en.cubadebate.cu/news/2021/03/12/cuba-and-venezuela-sign-bilateral-agricultural-agreement/</link>
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		<pubDate>Fri, 12 Mar 2021 15:09:08 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
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		<description><![CDATA[The accord was signed during the 21st session of the intergovernmental commission in charge of the Cuba-Venezuela Comprehensive Cooperation Agreement, chaired by Cuban Deputy Prime Minister Ricardo Cabrisas Ruiz and the Bolivarian Republic’s Executive Vice President Delcy Rodríguez Gómez, who reviewed the challenges facing collaboration in 2021 and progress made on current projects, marked by an adverse political situation and the COVID-19 epidemic.]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-16856" alt="delcy cabrisas" src="/files/2021/03/delcy-cabrisas.jpg" width="300" height="251" />The Cuban and Venezuelan ministries of Agriculture signed an agreement, March 9 in Havana, to promote bilateral development in food production based on cooperation in the areas of livestock, fish farming, grain, legumes, tubers and high-protein forage.</p>
<p>The accord was signed during the 21st session of the intergovernmental commission in charge of the Cuba-Venezuela Comprehensive Cooperation Agreement, chaired by Cuban Deputy Prime Minister Ricardo Cabrisas Ruiz and the Bolivarian Republic’s Executive Vice President Delcy Rodríguez Gómez, who reviewed the challenges facing collaboration in 2021 and progress made on current projects, marked by an adverse political situation and the COVID-19 epidemic.</p>
<p>A new cooperation project was agreed upon to promote the expansion and use of moringa, thitonia, mulberry and other grasses for animal fodder in Venezuela, which includes the exchange of knowledge and production support in areas of agricultural management and agro-industrial transformation to manufacture animal feed.</p>
<p>Cabrisas Ruiz explained that the approved annual cooperation plan is directed toward improving key sectors such as health &#8211; with joint efforts to mitigate the effects of the pandemic and undertake actions for the development and application of Cuban vaccines &#8211; and to strengthen links in activities related to energy, transportation, education, culture and sports.</p>
<p>These projects, he emphasized, will serve as a foundation for the elaboration of a 2030 Resistance and Development Plan, based on an alignment of Cuba’s National Economic Development Plan through 2030 and Venezuela’s Plan of the Homeland through 2025.</p>
<p>The Venezuelan Vice President highlighted the two countries’ resistance in the face of the blockade and unilateral coercive measures imposed by the U.S. &#8220;Cuba-Venezuela cooperation has been essential to the victorious resistance of our peoples, who will not succumb to extortion or coercion, and will continue their path of victory into the future,&#8221; she stated.</p>
<p>The delegations, including several ministers from the two countries, reiterated their determination to advance in the improvement and expansion of cooperation in all spheres of development, to overcome the negative effects of the economic persecution that the United States maintains as a matter of policy meant to asphyxiate the two nations.</p>
<p><strong>(Taken from Granma)</strong></p>
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		<title>Fihav shows that Cuba is not alone despite the blockade</title>
<link>http://en.cubadebate.cu/news/2018/10/23/fihav-shows-that-cuba-is-not-alone-despite-blockade/</link>
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		<pubDate>Tue, 23 Oct 2018 23:19:45 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
				<category><![CDATA[News]]></category>
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		<category><![CDATA[Fair of Havana]]></category>
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		<guid isPermaLink="false">http://en.cubadebate.cu/?p=12894</guid>
		<description><![CDATA[For over three decades now, the Havana International Trade Fair has provided fertile ground for developing commercial ties and exploring new markets. Confirmed to attend the latest edition, opening next week, are companies from more than 60 nations.]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-12895" alt="Feria de La Habana" src="/files/2018/10/Feria-de-La-Habana.jpg" width="300" height="241" />For over three decades now, the Havana International Trade Fair has provided fertile ground for developing commercial ties and exploring new markets. Confirmed to attend the latest edition, opening next week, are companies from more than 60 nations.</p>
<p>Rodrigo Malmierca, minister of Foreign Trade and Investment, emphasized that at a time when the Trump administration is tightening the blockade to disrupt Cuba’s relations with the world, Fihav 2018 shows “that the world is with Cuba,” despite the hostile U.S. policy.</p>
<p>With the fair set for October 29 through November 2, the Expocuba fairgrounds will welcome 2,500 foreign businesspeople; some 30 chambers of commerce; and 20 high level national delegations.</p>
<p><strong>(Granma)</strong></p>
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		<title>Strengthening national industries</title>
<link>http://en.cubadebate.cu/news/2018/04/26/strengthening-national-industries/</link>
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		<pubDate>Thu, 26 Apr 2018 16:06:46 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
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		<description><![CDATA[Work toward substituting imports by strengthening the role of national industries within the domestic market will be the focus of the Fifth National Trade Fair, open to all sectors of the economy and taking place May 7-23 at Havana’s Expocuba fairgrounds. In this sense, first deputy minister of Economy and Planning, René Hernández Castellanos noted that it is vital to fully exploit the potential of Cuban industry in order to meet the increasing demands of the economy.]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-12051" alt="Expo cuba" src="/files/2018/04/Expo-cuba.jpg" width="300" height="248" />Work toward substituting imports by strengthening the role of national industries within the domestic market will be the focus of the Fifth National Trade Fair, open to all sectors of the economy and taking place May 7-23 at Havana’s Expocuba fairgrounds.</p>
<p>In this sense, first deputy minister of Economy and Planning, René Hernández Castellanos noted that it is vital to fully exploit the potential of Cuban industry in order to meet the increasing demands of the economy.</p>
<p>According to Hernández Castellanos, just like past editions, this year’s fair will be aimed at presenting and promoting opportunities across all branches of national industry, from state enterprises and joint ventures, to the self-employed, in a space designed to support efforts toward meeting national demand for goods and services and preparation of next year’s plan.</p>
<p>The Cuban official noted that identifying productive chains within the national economy; promoting new products and services, including exportable lines; as well as the efficient management of inventories toward meeting plan targets, continue to be priorities.</p>
<p>In this sense, Hernández Castellanos reported that warehoused inventories currently include items valued at 24.7 billion pesos, 25% of which are either finished products, ready for use or sale, reflecting poor handling of such resources.</p>
<p>The fair program also includes workshops, conferences and exchanges which will focus on progress made toward implementing the national development plan through 2030, as well as strengthening links between universities and industry.</p>
<p><strong>(Granma)</strong></p>
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		<title>Minister Assures a New Era in Vietnam-Cuba Trade After Trong&#8217;s Visit</title>
<link>http://en.cubadebate.cu/news/2018/04/02/minister-assures-new-era-vietnam-cuba-trade-after-trongs-visit/</link>
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		<pubDate>Mon, 02 Apr 2018 17:14:17 +0000</pubDate>
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		<description><![CDATA[The visit to Cuba of the Secretary General of the Communist Party of Vietnam, Nguyen Phu Trong, opens a new chapter in our trade and cooperation relations, assured today here the Minister of Industry and Trade, Tran Tuan Anh. One of the most important results was reaching a consensus between this portfolio and that of Foreign Trade and Foreign Investment of Cuba.]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-11853" alt="Viet NamTran-Tuan-Anh" src="/files/2018/04/Viet-NamTran-Tuan-Anh.jpg" width="300" height="240" />The visit to Cuba of the Secretary General of the Communist Party of Vietnam, Nguyen Phu Trong, opens a new chapter in our trade and cooperation relations, assured today here the Minister of Industry and Trade, Tran Tuan Anh.</p>
<p>One of the most important results was reaching a consensus between this portfolio and that of Foreign Trade and Foreign Investment of Cuba to complete the negotiations on a bilateral trade agreement as soon as possible, said Tuan Anh, who was part of the delegation that was in the island.</p>
<p>The two sides will review the legal framework to sign the agreement as soon as possible in order to promote trade, joint productions, investments and access to the respective markets, he stressed.</p>
<p>Noting that Vietnam has become the second largest partner of Havana in Asia after China, with billings in both directions of over 220 million dollars, the minister pointed out that his country has an important role in the development strategy of the Caribbean nation.</p>
<p>During the visit of Nguyen Phu Trong, Cuba granted investment licenses to several Vietnamese companies in tourism, construction of power plants and agriculture, he explained.</p>
<p>In addition, he added, a series of agreements was reached in several areas, from education and training of personnel, justice and technology to the environment.</p>
<p>He also expressed that the Vietnam-Cuba business forum brought together over a hundred companies from both sides that examined other areas with high potential for cooperation, for possible productive, investment and technology transfer projects.</p>
<p><strong>(Cubadebate) </strong></p>
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		<title>Billion peso investment in Cuban energy and mines</title>
<link>http://en.cubadebate.cu/news/2016/03/04/billion-peso-investment-cuban-energy-and-mines/</link>
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		<pubDate>Fri, 04 Mar 2016 23:49:17 +0000</pubDate>
<dc:creator>Cubadebate</dc:creator>
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		<description><![CDATA[Speaking to the press, the official from the Ministry of Energy and Mines noted that investments in 2015 amounted to around one billion pesos, representing 94.9% fulfillment of the scheduled plan. He described 2015 as a good year for activities in the sector, which saw key industries achieve high levels of production. ]]></description>
				<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-8850" alt="Cuba planta Niquel" src="/files/2016/03/Cuba-planta-Niquel.jpg" width="300" height="201" />Cuba is set to invest more than one billion pesos – a slightly larger figure than last year &#8211; in its energy and mining sectors, reported Deputy Minister of the sector, Ru bén Cid.</p>
<p>Speaking to the press, the official from the Ministry of Energy and Mines noted that investments in 2015 amounted to around one billion pesos, representing 94.9% fulfillment of the scheduled plan. He described 2015 as a good year for activities in the sector, which saw key industries achieve high levels of production.</p>
<p>He noted that the only sectors in which targets failed to be met were oil refining, and gold and salt extraction.<br />
The deputy minister noted greater stability in the supply of imported resources for daily operations, the fulfillment of scheduled maintenance works and investments in various industries, as the keys to last year’s success.</p>
<p>Despite financial difficulties and organization problems, the country spent a total of 900 million pesos on imports, he stated.<br />
Cid also highlighted the impact on exports stemming from a fall in international prices for some of the country’s key products, such as nickel.</p>
<p>Over 2015, nickel was valued at an average price of $11,835 dollars to the ton, with reference to the London Metal Exchange.<br />
However, a drop in prices meant that barely 55% of the sales plan was met, he explained.</p>
<p>Among scheduled investments for 2016 are those linked with renewable energy, the oil sector, energy efficiency in the nickel industry, improvements to the national electricity system and household electrification.</p>
<p><strong>(Prensa Latina)</strong></p>
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