Panama-Cuba trade deal imminent

In the past Cuba has negotiated similar agreements with Brazil, the Dominican Republic, Guatemala and Colombia and spent some $10 billion around the world on goods, which creates valuable opportunities for the countries in the region.

The Commercial Negotiations Chief of the Commerce Ministry, Leroy Sheffer said that trade between the two countries has increased by 156 percent and is an important opportunity for the local exporters.

The Foreign Commerce Minister, Severo Sousa said that Cuba’s main imports over the last years have been food and process products, which come from countries in the Latin American region.

It is expected that by the end of the week there will be a list of products that would be offered to the Cuban negotiation team to define the opportunities for the local market.

Cuba has increased it exports over the last two decades by 35 percent and it maintains commercial relations with 170 countries around the world, despite the embargo the United States maintains against the island.