This was stated by the First Deputy Minister of Foreign Trade and Foreign Investment Ana Teresita Gonzalez as she spoke out at the Economic Affairs Commission, which is being held prior to the second session of the National Assembly of People’s Power -Parliament.

Gonzalez pointed out that there is a clear diagnosis of the problems and shortcomings that hinder the progress of foreign investment, so efforts should focus on taking the proposed actions for their solution.

The deputy minister reminded that the industry is posing several challenges, among which are the effects of the US blockade, high volumes of retained payments, deficit of construction materials, as well as the aftermaths on the fuels supply.

At the end of 2023, there are 343 active businesses in Cuba with investors from 40 countries, with presence in all the provinces and the special municipality of Isla de la Juventud, the authority informed.

Of the total approved, 181 correspond to International Economic Partnership deals, 106 to joint ventures and 56 to totally foreign capital companies.

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