[NYTr] Cuba-Russia Trade More Than Doubles

[All the News That Doesn't Fit]

Agencia Cubana de Noticias (ACN)
http://ainch.ain.cu/mailman/listinfo/ingles


Cuba-Russia Trade More Than Doubles

Havana, Oct 9 (acn) Bilateral commerce between Cuba and Russia has 
increased by sixty per cent so far in 2007 as compared to the same 
period in 2006, said sources from Cuba's Foreign Trade Ministry and the 
Chamber of Commerce.

According to the president of Cuba-Russia Business Committee, Alejandro 
Mustelier, "within a couple of years we will be able to assess concrete 
commercial gains within both countries." The organization has 66 
import/ export enterprises, reads the article in Granma Internacional 
online.

Current trade involves sectors such as transportation (mainly railroad 
transportation, aviation and automobiles), telecommunications, 
biotechnology (export of Cuban products including a vaccine to fight 
Hepatitis type B), and tourism (Russia is focused mainly on health and 
eco-tourism).

Other Cuban products to add to the list are crude sugar, citrus fruits, 
cigars, rum, coffee, honey, liquors, and toiletries. For its part, 
Russia additionally trades in fertilizers, pneumatics, footwear and 
work clothes with Cuba.

A substantial increase in trade is yet expected by the end of 2007. The 
Cuba-Russia Business Committee was established in February 22, 2005 
with the fundamental purpose, then and now, of promoting the interests 
of Cuban foreign trade enterprises, their constant up-dating and to 
provide a forum for discussing weaknesses, strengths and threats faced 
within today's global economy.