Tuesday, October 09, 2007

Cuba-Russia Trade More Than Doubles


Havana, Oct 9 (ACN) Bilateral commerce between Cuba and Russia has increased by sixty per cent so far in 2007 as compared to the same period in 2006, said sources from Cuba's Foreign Trade Ministry and the Chamber of Commerce.

According to the president of Cuba-Russia Business Committee, Alejandro Mustelier, "within a couple of years we will be able to assess concrete commercial gains within both countries." The organization has 66 import/ export enterprises, reads the article in Granma Internacional online.

Current trade involves sectors such as transportation (mainly railroad transportation, aviation and automobiles), telecommunications, biotechnology (export of Cuban products including a vaccine to fight Hepatitis type B), and tourism (Russia is focused mainly on health and eco-tourism.

Other Cuban products to add to the list are crude sugar, citrus fruits, cigars, rum, coffee, honey, liquors, and toiletries. For its part, Russia additionally trades in fertilizers, pneumatics, footwear and work clothes with Cuba.

A substantial increase in trade is yet expected by the end of 2007. The Cuba-Russia Business Committee was established in February 22, 2005 with the fundamental purpose, then and now, of promoting the interests of Cuban foreign trade enterprises, their constant up-dating and to provide a forum for discussing weaknesses, strengths and threats faced within today's global economy.

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