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Australia shows increased interest in investing in Cuba
Published on February 26, 2016 Email To Friend    Print Version

HAVANA, Cuba (ACN) -- Andrew Robb, Australia’s special envoy for trade, on Wednesday expressed in Havana the growing interest of his country to participate in the development of key sectors of the Cuban economy through investment.

Australian Trade Envoy, Andrew Robb
Robb, heading a large delegation of Australian businessmen visiting the Caribbean nation, headed a forum in order to identify business opportunities in tourism, mining, agricultural and livestock production, biotechnology and health.

The former Australian minister for trade and investment also referred to the interest awakened in foreign business persons by the process towards normalization of relations with the United States, as well as by the coming into effect of the new law on foreign investment, and the update of the Cuban economic model.

Also at the meeting, Orlando Hernandez, president of the Chamber of Commerce of Cuba, spoke about the opportunities and incentives to foreign investment in this country and its renewed portfolio of business opportunities in different sectors of the economy.

As part of the activities of the Australian business delegation in Cuba, the signing of a memorandum of understanding in the field of sports is expected to take place, to promote the exchange of experiences and contribute to improve the training of high performance athletes and coaches.
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