Cuba promotes foreign investment in agriculture
- Written by RHC
- Published in Cuba
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Cuba presented on Wednesday the portfolio of opportunities for foreign trade and foreign investment in the agricultural sector, made up of 56 projects, as part of the 23rd International Agroindustrial and Food schedule Fair, Fiagrop 2022.
The portfolio released includes 150 scenarios throughout the national territory. The Ministries of Agriculture (MINAG) and Food Industry (MINAL) and the Azcuba Business Group plan to implement joint alliances with foreign capital to complement local development efforts.
A report by the Cuban News Agency stated that the projects cover sectors such as pork, chicken and beef, fresh milk, vegetable and activated charcoal, pine resin, honey and products derived from beehives, wood boards, vegetables, citrus and fruit trees, grains, coffee, and cocoa, among others.
Susana Villar, head of Business at the Ministry of Agriculture, said that this year's portfolio has grown with 26 proposals, which for the first time includes the participation of agricultural cooperatives to involve non-state management forms as new economic actors.
Among the novelties of the updated business portfolio, she mentioned the elimination of intermediaries in the foreign investment procedures of cooperatives that depended on a state enterprise or a one hundred percent Cuban trading company.
In addition, the channels of approval of the agricultural contract were made more flexible by giving the Ministry of Agriculture the power to decide, which previously went through several agencies.
