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Trade Mission to Cuba

June 8 – June 12 2015


Trade Mission to Cuba


Trade Mission to Cuba

Agenda

• Why go to Cuba?

• Cuba in statistics

• Most interesting sectors

Tourism

Agriculture

Industrial production


Why go to Cuba?


Why go to Cuba?

• Cuba at crossroads: Economic Reform &

end of US blockade

• Fact finding mission to see what are the

opportunities

• Future: challenges to regional tourism,

may also hold opportunities

• Establish relationships with Cuban

Chamber, Cuban authorities and state

owned companies


Cuba in Statistics


Cuba in Statistics

• Population: 11 million

• Size: 110,860 km2

• GDP: US$ 68.- billion (2012)

• GDP per capita: US$ 5049.-

• Currency: Convertible Peso

(CUC: parity with US$ 1.-)

Cuban Peso: used only locally


Cuba in Statistics (Cont.)

• Balance of Trade: - 9.190 billion CUC

• Exports: 5.487 billion CUC

• Imports: 14,778 billion CUC


Cuba’s Economy

• Tourism & Medical Tourism

• Agriculture

• Mining & Manufacture

• Energy related

investment & consulting

• Construction related

investment & consulting


Tourism

• Over 3 million tourists per year

• Mainly ‘all inclusive’ resorts in coastal areas

• Canada major contributor: > 900,000 visitors

• Seven international airports

• Multi-destination tourism

• Medical tourism

• Knowledge related: training & coaching


Agriculture

• Focus on ‘urban food production’ (organic

hydroponics, “organopónicos)

• Traditional crops: sugar, tobacco, bananas

• Cuba food importing nation: limited export


Organopónicos


Organopónicos


Traditional crops


Mining & Manufacture

• Limited oil production (50,000 bpd)

• Nickel

• Cement

• Other products for household, personal

use

• Processed food & beverages


Nickel industry


Mariel Port


How to do business in Cuba


How to do business in Cuba

• Import or export

• Exporting services to Cuba

• Establishing a business in Cuba:

Constitute a company in Cuba (joint

venture, 100% foreign owned,

partnerships)

Establish a branch of an Aruban Company


Trade Mission


Trade Mission

• Mission leader: President Aruba Chamber

• Departure date: Sunday, June 7, 2015

• Mission in Cuba: June 8 – 12, 2015

• Return: Friday, June 12, 2015

• Expenses: participation fee, travel and

accommodation expenses, meals and

transport


Program (tentative)

Sunday: arrival in Cuba

Monday: Welcome in Cuba

(Cámara de Comercio – Republica de Cuba)

Seminar “Doing business in Cuba”

Visits state-owned enterprises

Visit to Cuban project e.g. Mariel Port

Matchmaking meetings on location (day 2, 3, 4)

Optional: entertainment activities

Friday: departure


Trade Mission Cont.

• What to expect for your participation fee?

Participation in official mission meetings

(Chamber of Commerce, Dutch Embassy,

Cuban ministries)

Business to Business Meetings

Visits to interesting business venues

(depending on individual interest)


Trade Mission Cont.

Additional expenses:

Travel expenses (COPA) +/- $700

Accommodation +/- US$ 600 p/rm (5 nights)

Breakfast included in hotel rate

Transportation: tba


Sources & useful websites

• Guide to doing business in Cuba

http://www.fccq.ca/cuba/General-Guidelines-to-

Doing-Business-in-Cuba-December-2013.pdf

• Canadian Federation of Chambers of Quebec

www.fccq.ca/cuba

• Cámara de Comercio de la Rep. de Cuba

http://www.camaracuba.cu

• Dutch Embassy http://cuba.nlambassade.org

• http://www.granma.cu/especiales/cartera-deinversion

• https://www.cubastandard.com

• https://nacla.org/news/2012/10/18/urbanagriculture-cuba-photo-essay


Questions?

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