China Interested in Cuba’s Mariel Development Zone

HAVANA TIMES – ??Representatives of the Center for the Promotion of International Trade and the China Development Bank expressed interest in establishing Chinese factories at the Mariel Special Development Zone, at a seminar hosted by Cuban authorities Wednesday in Beijing.

According to Prensa Latina, Chinese executives in the automotive industries, pharmaceutical, HVAC equipment and biotechnology, sought more details on setting up a factory on the island.

Rodrigo Malmierca, head of the portfolio of Foreign Trade and Investment, referred to “the guarantees to foreign investors, the free transfer abroad of dividends and profits and a special tax incentives.”

According to the Cuban official, the Mariel Development Zone is the most complex project undertaken in Cuba in half a century, and said that Chinese companies have the potential to settle there .

Recent Posts

Ruben Blades: Panama’s Elections & Martinelli’s Replacement

“The Supreme Court has chosen to endorse the aspirations of a man guilty of corruption,…

Cuban University Alarmed After Studying the “Migrant Dream”

The "migrant dream" of Cubans is under the scrutiny of researchers from the University of…

Monsieur Periné – Song of the Day

Today’s featured band is Monsieur Periné from Colombia with the song “Mi Libertad”  from their…

In order to improve navigation and features, Havana Times uses cookies.