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" -

http://www.transreporter.com/logisticsnews/20329/Cuba-wants-China-to-invest-in-special-development-zone/