Informacion economica sobre Cuba

Cuba to expand exports of technology products, health and tourism services

MENAFN – – 28/05/2012

(MENAFN) Cuba's first deputy minister of Foreign Trade and Foreign

Investment, Antonio Luis Carricarte, stated that in order to boost the

country's economic growth, the ministry plans to expand exports to

include technology products and health and tourism services, reported

Xinhua News.

He said that the government's strategy is to boost income through

exports, and raise savings by replacing imports.

Moreover, Cuba plans to export medicines and products of biotechnology

and genetic engineering, adding that the country's 141 biotech products

include several vaccines, with their exports generating nearly USD400

million per year.

It is worth noting that Cuba's exports of goods and services in 2011

jumped 20 percent from 2010 to around USD9 billion, of which 70 percent

was generated from health care services and tourism.

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