Cuba signs contracts worth over 300 million U.S. dollars at trade fair

English.news.cn   2011-11-05

HAVANA, Nov. 5 (Xinhua) -- Cuba signed contracts worth over 300 million U.S. dollars at the International Fair of Havana that ended Saturday, officials said.

Cuba also initiating negotiations and contacts for other business transactions, said Abraham Maciquez, president of the trade fair organizing committee.

The Cuban Ministry of Transport signed four documents with companies in Canada and the Netherlands aimed at providing resources for the recovery of railroads, motor transportation and ports on the island.

The fair was attended by about 1,500 foreign companies and official delegations from some 20 countries.

The fair also involved more than 350 Cuban companies in areas such as health, food industry, electronics, construction, and services, a sector representing currently 70 percent of the national income.

The "fair is not a bilateral event between Cuba and foreign companies involved, but an international meeting of trade relations," Maciquez said. "It is a bridge, aimed at linking our continent with the rest of the world to promote trade and relations of all kinds in a climate of peace, tranquility and security."

Editor: yan