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Cuban economy continues gradual recovery

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Havana, Jul 14 (Prensa Latina) Deputy Prime Minister Alejandro Gil told participants today at the Cuba-Mexico Business Forum that the island's economy in the first half of 2022 continues in the process of gradual recovery.

The also head of the Economy and Planning portfolio offered businessmen of the neighboring nation an overview of the Cuban economy in the years 2021 and 2022 and added that his country has been in gradual recovery for four consecutive quarters.

There is, he said, a slight advance in the opening of productive activities and services in the state business sector, as well as the expansion of the non-state sector with the support of the new economic actors.

Gil stressed that since 2021 the economic decline has stopped as of the last quarter of that year.

The meeting, which takes place at the Hotel Nacional de Cuba, is attended by the President of Cuba, Miguel Díaz-Canel; Prime Minister, Manuel Marrero, and on the Mexican side with the Undersecretary of Industry and Commerce of the Ministry of Economy, Héctor Guerrero.

Today, the head of Foreign Trade and Foreign Investment (Mincex), Rodrigo Marmierca, will make a presentation on foreign investment in Cuba, as well as business opportunities, exportable supply, and an assessment of bilateral trade relations .

In addition, other business opportunities in the agri-food sector will be shown and the first deputy minister of the Mincex, Ana Teresita Gonzalez, will make the presentation of the 38th edition of the International Fair of Havana FIhav 2022.

The meeting aims to become a stage for representatives of 146 Cuban entities and more than 100 Mexican businessmen to exchange ideas and challenges in terms of attracting business and trade, an opportunity that will also include the participation of the new economic actors on the island.

For two days they will discuss the agri-food, logistics, tourism, biotechnological and pharmaceutical industries, renewable energies and culture.

In recent years, Mexico has positioned itself as the third country in the region in the commercial exchange of goods with Cuba and, in 2021, it was seventh in the trade of services.

ef/mgt/crc/tdd

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