Cuba to expand exports of technology products, health and tourism services
MENAFN - - 28/05/2012
(MENAFN) Cuba's first deputy minister of Foreign Trade and Foreign
Investment, Antonio Luis Carricarte, stated that in order to boost the
country's economic growth, the ministry plans to expand exports to
include technology products and health and tourism services, reported
He said that the government's strategy is to boost income through
exports, and raise savings by replacing imports.
Moreover, Cuba plans to export medicines and products of biotechnology
and genetic engineering, adding that the country's 141 biotech products
include several vaccines, with their exports generating nearly USD400
million per year.
It is worth noting that Cuba's exports of goods and services in 2011
jumped 20 percent from 2010 to around USD9 billion, of which 70 percent
was generated from health care services and tourism.