Cuban delegates in St Petersburg to boost bilateral trade

26 May '08

1 min read

Mr Raul Becerra, President of the Cuban Chamber of Commerce, led a group of business delegates which was received enthusiastically by its Russian counterpart in Saint Petersburg on May 19.

Mr Vladimir Kateniev, head of the Chamber of Commerce of Saint Petersburg, took the honor of hosting a meeting allowing Cuban and Russian delegates to exchange ideas and outline areas of mutual cooperation and growth.

Businessmen from both the countries discussed issues like exploring opportunities in Cuba, feasibility of investments and an overlook of the import and export scenario.

Moreover, the present bilateral relations between the two countries are extremely healthy, largely because of the political support lend by the Governments of the respective countries. There is therefore, ample room for further strengthening trade prospective for the economic benefit of industries in Cuba and Russia.

Bilateral commerce between Cuba and Russia increased by sixty percent in 2007 as compared to the same period of the previous year.

According to Mr Becerra, there is enormous scope of exchange in sphere of textile, furniture and information technology.

As part of this visit, the Cuban delegation will also make a trip to Moscow in a bid to improve bilateral trade relations.

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