HAVANA TIMES, April 18 — Cuba is placing its bets on health service exports, tourism and other fields such as academics and computer sciences – sectors which today generate 70 percent of the national income, reported the Prensa Latina news agency.
The first deputy minister of Foreign Trade and Foreign Investment, Antonio Carricarte, believes that Cuban-produced medicines and the advances in biotechnology have considerable potential to boost exports.
Nonetheless, Cuba will continue prioritizing “established products” such as tourism and tobacco, its main export items. In the case of tourism, this also generates a market demand for Cuban industrial and agricultural products.
Carricarte said it is “premature” to talk about expectations related to oil exploration in the Gulf of Mexico. He also ruled out any impact of the nationalization of Repsol by Argentina on the ongoing work of the Spanish oil corporation off the coast of Cuba.