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Spanish entrepreneurs willing to foster investment in Cuba
Published on April 9, 2014 Email To Friend    Print Version

HAVANA, Cuba (ACN) -- The Havana-based Association of Spanish Entrepreneurs (AEEC) has expressed its willingness to foster bilateral trade and economic relations with Cuba and increase investment in areas of interest.

One of its kind on the island, the association elected Xulio Fontecha as its new chair for the 2014-2017 period. Fontecha is the president of Epromext SL, a company marketing heavy construction machinery and equipment.

The executive told reporters that he will boost the performance of his association at a time when a growing number of Spanish companies are looking for markets amidst the economic crisis facing that European nation and when Cuba is involved in the update of its economic model with a recently approved new foreign investment law.

Fontecha also stressed the attractions for entrepreneurs at the new Cuban special economic zone at the Mariel Harbour, 45 kilometers west of Havana and he noted that his association will pursue increasing collaboration and relations with Cuban authorities.

Spain is Cuba's third major commercial partner, with over 230 subsidiaries operating on the island, plus another 30 joint ventures with local companies.
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