Cuba wants China to invest in special development zone

Cuba wants China to invest in special development zone
04 November 2013 | Shanghai

Cuba is trying to lure Chinese companies to invest in the country's
first special development zone at Mariel Port, according to Foreign
Trade and Investment Minister Rodrigo Malmierca.

Malmierca said it on the opening day of the 31st Havana International
Trade Fair during a visit to the Chinese pavilion, which gathered 65
Chinese companies.

"The Chinese companies that today produce in China and bring their goods
here could produce here in Cuba, in this special zone ... with many
incentives," said Malmierca.

After setting up operations in the zone, the companies could tap into
not only the Cuban market but also the markets in the Caribbean, Central
America and Mexico, he added.

Covering 465 square km, the special development zone is located on
Cuba's Mariel Bay, 45 km west of Havana. With deep-water port
facilities, Mariel Port is expected to become the largest container
shipping port in the Caribbean by 2015.

The 900-million-U.S.-dollar project was launched in 2010 with Brazilian
financial support, and the first docks are expected to be put into
operation in January 2014.

Source:
TR-Bureau

Source: "Logistics News Portal :Cuba wants China to invest in special
development zone" -
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