Cuba prioritizes exports for economic strategy
Havana, Jan 20 (Prensa Latina) Cuban exports are a pivotal element in the monetary overhaul in order to boost the domestic economy amid the Covid-19 situation, Rodrigo Malmierca, minister of Foreign Trade and Foreign Investment, said.
Mulling over the significance of exports in the conceptualization of the Cuban model and the implementation of the development and social plan by 2030, Malmierca stated that Cuba has an open economy and depends a lot on its relationship with international markets.
'If we do not export we do not have resources to import. There must be a balance,' he said, and highlighted how the Cuban economy has changed in the last 20 years and it is today basically a 70-percent export of services.
In this regard, Malmierca noted that other exports should be promoted, beyond the traditional ones, including high technology such as biotechnology and the pharmaceutical industry, which allows exporting by adding value.
He also highlighted the potentials of the Mariel Special Development Zone (ZEDM) and the Scientific-Technological Park at the University of Computer Sciences.
Since the mid-2020, these organizations have signed 863 export and import contracts, transactions that will be conducted through 41 specialized companies authorized to purchase and sale goods and services abroad.
The 863 export and import contracts agreed upon to date by non-state forms of management amount to 22 million dollars, proving that it is possible to insert this sector into Cuban foreign trade.
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