Cuba’s Commercial Exchange Plummets

HAVANA TIMES, June 3 — Cuba reduced by close to half its commercial exchange with Canada in 2009 and to more than a third with Spain, Italy and Venezuela, revealed a report by the National Office of Statistics (ONE).  According to the source, last year imports fell to eight billion dollars as compared to 14 billion in 2008, reported IPS.

Cuba is highly dependent on imports for a high percentage of its basic foods and consumer products, an age old problem that the government would like to reverse.