Last Updated on July 22, 2020, 8:16 PM AST by Anthony Morris
Official sources have said on Wednesday that the Cuban Government is facilitating imports and exports to the non-state businesses to boost the country’s economy and trade.
Vivian Herrera, the general director of foreign trade at the Ministry of Foreign Trade and Foreign Investment (MINCEX), said that 382 Cuban private businesses, which include 290 businesses linked to agriculture, wanted to export their products out of Cuba.
So, for this purpose, 36 firms were selected to facilitate imports and exports by the non-state businesses, a measure which was announced by the Government recently to boost the economy of the country.
Herrera said that the self-employed workers, as well as the private producers, could export through these firms, as they have the experience which is required for such contacts.
She pointed out that the private business firms could establish contacts and identify their clients by themselves; and these chosen firms have the facilities to inquire regarding the indispensable elements for exports, such as collection risks, among other matters.
The general director stated that the idea was to make those imports and exports as viable as possible, for which the private companies would only be charged the normal commercial margins, including tariffs, transportation expenditures and some other frequent services depending upon the kind of transaction.
Private businesses shall have a bank account in Cuban convertible pesos (CUC) or free convertible currency (FCC) to initiate a transaction through these companies.
Anthony Morris covers stories related to politics and regional developments. His in-depth reporting about governance and reforms makes him stand out in regional journalism, with a deep analysis of political trends and their impact on Caribbean communities.
