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Havana, Cuba: After five days of presentations, exhibitions, forums and business meetings, the XXVII edition of the Havana International Fair (Fihav) concludes today, which was attended by four thousand participants from some 60 countries, Prensa Latina publishes.

The presentation of the national commercial directory 2019-2021 and then the awards will be the main attractions of the event this Friday, which will close its doors in the afternoon.

In the context of the fair, the IV business forum was held for two days in order to boost bilateral meetings between Cuban entrepreneurs and potential foreign investors.

Likewise, the country's new portfolio of foreign investment opportunities was launched.

On the subject, the Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca, revealed that from October 2018 to the same month of 2019, 25 businesses were approved in Cuba for more than 1,700 million dollars.

Since April 2014, when the Foreign Investment Law entered into force, 29 reinvestments were approved, more than 45 businesses in the western Mariel Special Development Zone (ZEDM) and 149 outside it, he stressed.

For its part, the general director of the ZEDM, Ana Teresa Igarza, stressed that this industrial park is consolidated as a pole for national development.

In that sense, she revealed that half a hundred firms from 32 countries are already installed there with a total investment volume valued at two thousand 300 million dollars.

Igarza explained that seven are 100 percent Cuban capital projects, 29 foreigners, 12 mixed and the others are two international economic associations.

Cuba opened at the fair an exhibition of national exportable funds as part of the Island's strategy to boost the economy and the one-stop shop for foreign trade was presented, which will allow computerizing and simplifying the process and procedures related to imports and exports of this country.

During Fihav 2019 Venezuela, Bolivia, Vietnam, Spain, Chile, Canada, Italy, Russia, France, Germany, Mexico, Panama and Slovakia, among other nations, celebrated their respective national days.


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Category: National News
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