Business Opportunities in Cuba
Chamber of Commerce and Industry Cuba-Canada - Nancy Lussier
Description of the seminar
Cuba is the largest Caribbean export market for Canada and, for the last ten years, this country has been among our top 50 main export markets. This market still depends on imports to meet the majority of its needs, importing more than 80% of its merchandise.
Now that the 50-year American embargo on Cuba is being renegotiated, Canadian companies have everything to gain from learning about the current reality and adapting their export strategies to maintain and enhance their top role in this complex market with great potential.
On April 18, 2018, come meet business owners who have broken into this market and want to share their experience in the field and offer you practical suggestions for successfully exporting into the country.
This seminar will help you take stock of Cuba’s current situation and learn about its different facets, like its business culture, legal and financial framework and potential business sectors.
A unique opportunity to:
- Assess the development potential of your business in Cuba
- Network with other Quebec companies looking at the Cuban market
- Benefit from the advice of speakers specialized in this market
An excellent, growing market:
- Average annual GDP growth of 4% in the last ten years
- $84 million in exports from Quebec to Cuba in 2015, an increase of 3% compared to the previous year
- A population of 11.5 million
Growing import needs:
- More than 50% of Cuba’s imports are manufactured products
- 70-80% of the country’s agri-food needs are met by imports
- Products from the automobile and agri-food industries alone represented 60% of exports from Quebec to Cuba in 2015
- Cuba currently imports 80% of its energy demand and requires foreign investments of US$4.2 billion
- It has a large demand for medical and pharmaceutical high tech, as well as medical and laboratory equipment
A flourishing tourism industry:
- The tourism industry makes up 20% of Cuba’s GDP, earning US$2.5 billion in 2015 from 3.2 million visitors
- 94 projects in the tourism and hotel industry were put forward by the Cuban government for, among other things, the addition of 20,000 hotel rooms by 2020
Who should attend?
- All companies wishing to develop their businesses in Cuba or learn more about its market
- Companies in the following sectors are of particular interest:
- Agriculture and agri-food
- Restaurant and hotel industry
- Consumer goods
- Infrastructure and construction
- Health sciences and biotechnology
- Machinery and equipment