FIHAV 2019 closes with positive results

The commercial event, the most important in the country and considered significant for the Caribbean and Latin America, fosters fruitful exchanges between foreign business representatives and local authorities, and sae the signing of new agreements for future developments.

The program this Friday includes the presentation of economic documents and the awarding of the most popular stands, along with products that deserve to be mentioned for their quality.

FIHAV 2019 took place amid a difficult economic scenario for the island, marked by the intensification of the pressures and sanctions imposed by Washington against Havana. However, the event brought together business representatives from 60 countries, along with national exhibitors.

Ministter of Foreign Trade and Investment (MINCEX), Rodrigo Malmierca, considered that the event is a demonstration of the confidence of international entrepreneurs in the Cuban market.

He also reiterated that Cuba will honor the commitments made, despite the United States’ attempts to isolate the country, and create economic difficulties.

FIHAV 2019 also saw the presentation of the latest portfolio of foreign investment opportunities for 2019-2020, the value of which exceeds 11.74 billion dollars, distributed across 460 projects.

Most of the opportunities included in the portfolio are concentrated in strategic sectors for the country, such as tourism (116), oil (114), agri-food (81) and industries (32).

Another focus of the event was the Mariel Special Development Zone (ZEDM), which had its own pavilion, an example of the progress in the preparation of conditions and the attraction of foreign capital to this area.

The food issue was a focus of debates, negotiations and proposls, as is the case of the joint enterprise Industrial Molinera de La Habana S.A. (IMSA).

IMSA, a merger between Mexico’s Grupo Altex S.A. and Cuba’s Corporación Alimentaria S.A., CORALSA, is the most modern mill in the country, with the latest techinology for processing cereals, which since 2003 produces and markets flour, semolina and bran.

Flour exports to Venezuela and Jamaica were also negotiated during the Fair.

The event is sponsored by MINCEX, the Chamber of Commerce of the Republic of Cuba and the PALCO Business Group since 1983.