CubaMinrex. Sitio del Ministerio de Relaciones Exteriores de Cuba

Cuba's Foreign Trade Continues to Grow

Havana, October 31 .- Cuba's commercial exchange with the world grew 27 percent during the first nine months of this year, compared to same period in 2005, according to Cuba's Foreign Trade Minister, Raúl de la Nuez. He spoke during the inauguration of the 24th Havana International Trade Fair on Monday, which was attended by Vice President Carlos Lage Davila.

By the end of the year, Cuba expects to close commercial operations valued at 10 billion dollars, the largest figure reached over the past 15 years, said Raúl de la Nuez, who noted that such an achievement is due to an increase in imported products to help improve the quality of life of the Cuban people.

The foreign trade minister underscored the advancement made by the island following the most recent programs launched by the Cuban Revolution in the fields of energy, public health and transportation. Exports also contributed to that achievement and they are growing and diversifying with outstanding results in the areas of genetics and biotechnology.

Although Cuban traditional goods keep their presence in the world market, other products derived from scientific and technical research, as well as professional services, are experiencing growing world demand, said the Cuban Minister. He announced that 45 percent of Cuba's foreign trade exchange during that period included commercial operations with countries in the Americas, followed by Europe, Asia and the Middle East.

Havana's International Fair promotes the island's foreign trade and setting up of joint ventures, said de la Nuez during the fair's inaugural ceremony, which was also attended by Government Minister Ricardo Cabrisas and Economy and Planning Minister José Luis Rodríguez. (Cubaminrex-RHC)

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