Cuba-Algeria Business Forum to identify business opportunities

The Cuba-Algeria Business Forum begins its business rounds on Tuesday in order to identify opportunities for capital investment in areas of common interest for both countries.

The meeting is part of the activities in the framework of the 23rd Cuba-Algeria Intergovernmental Commission that started on Monday under eight fundamental thematic axes and to assess results, projections, and the signing of new legal instruments.

Upon opening the event, Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca highlighted the presence in the Business Forum of important Algerian companies, who will contribute to increase negotiations between the economic actors of the two nations.

Malmierca explained to his counterpart that Cuba has faced in recent years the unprecedented tightening of the economic, commercial, and financial blockade imposed by the United States and worsened with 243 measures issued by the Government of former President Donald Trump and which the current administration still kept unchanged.

All of them directly targeting leading sectors of the Cuban economy, contained in the National Economic and Social Development Plan by 2030.

He also thanked Algeria for supporting the demand to end the US blockade.

The minister also explained how the negative effects of climate change also affect the Cuban economy, whose amounted losses exceed billions of pesos, alongside the impact of the Covid-19 pandemic.

On Monday, the commissions met in ten working groups related to youth, sports, water resources, education, the environment, scientific research and innovation, agriculture, fishing, and the sugar industry.

They also discussed tourism, cultural industries, handicrafts, radio, television, mining, and financial services.

The 23rd Cuba-Algeria Intergovernmental Commission will conclude this Tuesday by signing the agreements reached.