Cuba, Russia seek to boost business ties
Updated: 2011-07-14 13:32
HAVANA – Business representatives from both Cuba and Russia signed an
action plan on Wednesday to strengthen bilateral economic and trade
They also inked a number of documents at a joint work session held in
the Cuban capital.
Eduard Vaino, a Russian representative, said cooperation in such
"promising areas" as energy, oil exploitation, the pharmaceutical sector
and tourism was preferred.
Cuban representative Ernesto Lage said he was in favor of working to
improve the existing relations and cooperation between Cuba and Russia
in business and trade.
Estrella Madrigal, president of the Cuban Chamber of Commerce, said
Cuba is increasing its management efficiency in foreign trade, and
Russia is their priority market.
Russian Ambassador to Cuba Mijail Kaminin said the economic, commercial
and investment relations between the two nations are developing with
Over 30 companies from Russia and 60 from Cuba attended the work session
of the Cuban and Russian business councils.
The Russian-Cuban trade volume topped $283 million in 2009.