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Cuba encourages foreign investment for food production

Havana, Jul 17 (Prensa Latina) Cuban Prime Minister Manuel Marrero announced today that Cuba is stimulating foreign investment to increase food production, an area he described as severely affected by the intensification of the U.S. blockade.

In the opening session of the third session of the National Assembly of People’s Power (parliament), the head of government informed that negotiations and agreements were made with several companies to produce pigs, chicken, cattle, as well as beans, rice, corn, soybeans, coffee, coal, among other industrialized agricultural products in the Caribbean nation.

He specified that the agreements in this matter are regularly checked with President Miguel Díaz-Canel, while reiterating the importance of moving forward in these processes.

The head of government stressed that foreign investment is a fundamental component for the development of the Caribbean country and has an essential role in the national economic and social development plan until 2030.

However, the prime minister acknowledged that in this area there are objective and subjective difficulties, related to the blockade and deficiencies in the response processes in companies.

In order to increase foreign exchange income, we need to develop mutually advantageous businesses with foreign investors and encourage new modalities’, he said.

Regarding the flexibilities approved for foreign investment, he stated that this does not mean that the country is for sale, ‘we will never cede patrimony or sovereignty’, he indicated.

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