HAVANA, Cuba (ACN) -- Russia’s Minister of Industry and Commerce Denis Manturov said in Havana that bilateral trade with Cuba grew 70 percent in the first nine months of this year over the same period of 2011.
Manturov said Russia and Cuba are in the middle of negotiations to create joint ventures in the industry, technology and tourism fields and that talks are proceeding in a very dynamic way.
Cuba’s Minister of Foreign Trade and Investment Rodrigo Malmierca pointed out that the visit to Russia by Cuban president Raul Castro this year, when he met with Vladimir Putin, showed the will to expand these bonds.
Malmierca said that Cuban exports to Russia are growing as well as the imports from there, making of Russia one of Cuba’s main business partners. He also praised the good shape of joint business in the oil and nickel sectors.
He urged entrepreneurs from both countries to keep working on the identification of common interests that answer to the priorities of their peoples, especially in energy, transportation, informatics and communications.
Manturov and Malmierca stressed on the importance of the X Session of the Cuba-Russia Intergovernmental Commission and the Fifth Business Council for the Development of Commercial Relations, due to be held on Monday in Havana.