Cuba holds the second enterprise forum to attract foreign investment

Original title: Cuba holds the second enterprise forum to attract foreign investment
Xinhua news agency, Havana, November 29 (reporter Zhu Wanjun) - the second Cuban Enterprise Forum opened online on November 29. More than 2200 representatives of enterprises and institutions from more than 80 countries registered to participate. The Cuban government said that under the background of COVID-19 and the United States to strengthen the sanctions against Cuba, Cuba hopes to promote exchanges between domestic and foreign enterprises through this forum and continue to absorb foreign capital to promote its economic development.
On the same day, Alejandro hill, Deputy Prime Minister and Minister of economic planning of Cuba, said at the forum that in the past two years, the Cuban government has injected more vitality into the national economy through measures such as improving the autonomy of state-owned enterprises and gradually liberalizing the non-state economy, hoping to make foreign enterprises understand the current economic transformation process of Cuba through this enterprise forum.
Rodrigo malmieka, Minister of foreign trade and foreign investment of Cuba, said that large-scale overseas Cubans will participate in an exhibition held during the forum. The Cuban government hopes to strengthen contacts with Cuban nationals and encourage them to participate in trade or investment in Cuba.
Cuba has held a business forum for two consecutive years to replace the Havana International Expo, which was suspended due to the epidemic. The current enterprise forum will last for four days, during which the latest catalogue of investment opportunities will be released, including 503 projects.
According to the data released by the Cuban government in October, the Cuban economy shrank by 13% from the beginning of 2020 to the end of September 2021. The Cuban government has repeatedly expressed its hope to attract more than US $2 billion in foreign investment every year to promote the country's economic development.