Wednesday, September 06, 2006

Cuba and Syria to Boost Bilateral Trade

Periodico 26

Havana, Sept. 5 (ACN) Cuban officials and Syrian entrepreneurs gathered in Havana on Monday to discuss expanding bilateral trade and commercial opportunities.

The general secretary of Syria's Federation of Chambers of Commerce, Bashar Nouri, told ACN news agency that this first visit by a business delegation from his country will serve as an initiative to promote and strengthen bilateral investment efforts. Syria and Cuba have maintained trade relations in the fields of textiles and spices under agreements

signed in 2005 between both parties during their Third Joint Cooperation Commission, said Nouri. In order to better assess all possible investment opportunities, the Syrian delegation has brought the proposal for a trade fair in Cuba to display that country's products. This will add to the participation by Syrian entrepreneurs at the Havana International Trade Fair, said the executive.

As for the diversification of imports and exports, Cuba will look at sectors such as pharmaceuticals, sugar cane and its derivatives, among others, while Syria entrepreneurs are said to be interested in Cuban maritime transport, foods and textiles.

Cuban Deputy Foreign Trade Minister Pedro Luis Padron said the entrepreneurial encounter, underway at Havana's National Hotel, will consolidate relations of friendship, and it will allow the mutual flows of Syrian products to Latin America, and Cuban merchandise to the Middle East.

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