Business relations between Yucatán and Cuba are now open

Business relations between Yucatán and Cuba are now open

The National Chamber of Commerce Merida (Canacome) announced on Sunday
December 6th that it will offer Small and Medium Enterprises (SMEs or
PyMES in Spanish) business opportunities of trade with Cuba. This
liberalization is a consequence derived from the reset of relations with
the United States and changes in their legislation.

Canacome's president, Jose Manuel Lopez Campos, revealed that counselors
at this business organization held a meeting with a trade delegation
from Cuba led by the deputy minister of Tourism of the country, Mayra
Alvarez, in which they exchanged points of view and detected niches of
opportunity to introduce Yucatecan products and services.

Lopez Campos said, that Cuba is now demanding products such as clothing,
footwear, food and beverages, as well as services and tourism, as a
result of the trade liberalization sector, and Foreign Direct Investment
is now permitted.

In that sense, he said, large companies have access to international
trade with their own staff and marketing team, while the Small and
Medium Enterprises (PyMEs) have the ability to open markets in other
countries with their own resources, and that is where Canacome comes in
as a channel of business opportunities to the different industries that
are demanded in Cuba.

Lopez Campos stated that during the meeting with the Cuban Minister, the
diversity of products and services that Yucatan can export to the island
were highlighted, as well as the willingness of the Cuban government to
invest in our state.

He said that initiating trade relations with Cuba is a great opportunity
for Yucatan to reach more markets with comparative advantages with other
states in Mexico, such as geographic location and the Progreso port
infrastructure. Yucatan's coast is the closest mainland to Cuba, and
therefore Progreso has the potential to become a major platform of
bilateral trade with Cuba and other Caribbean islands.

He recalled that the former president of the Canacome, Jorge Manzanilla
Perez, was recently named president of the Commission of Foreign Trade
Mexico-Cuba, which is evidence of the importance of our state in terms
of business and tourism with the island.

The Canacome president concluded that the chamber of commerce will
help local entrepreneurs to take advantage of these new business
opportunities, because even though they do not have the capital of large
companies, they do have the initiative and the talent to be exporters.

Source: http://sipse.com/

Source: Business relations between Yucatán and Cuba are now open - The
Yucatan Times -
http://www.theyucatantimes.com/2015/12/business-relations-between-yucatan-and-cuba-are-now-open/