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Cuba and Colombia sign trade agreement

Staff writer ▼ | June 18, 2016
Minister of Foreign Trade and Foreign Investment of Cuba, Rodrigo Malmierca, and Minister of Commerce, Industry and Tourism of Colombia, Maria Claudia Lacouture, signed an agreement in order to deepen trade operations.
Maria Claudia Lacouture
Trade deal   The World Economic Forum on Latin America
The agreement was signed within the framework of the World Economic Forum on Latin America, Prensa Latina reports.

The Colombian Minister said that this agreement will benefit both countries, because a certain percent of Colombian products will enter the island without paying customs taxes.

'We are trying to grow through the interaction among our businessmen and this agreement, along with the other commercial agreements signed with Cuba, are contributing in the creation of tools that will allow the growth we seek.'

The Minister added that a large number of Colombian goods are exported with tariff preference to Cuba. Now, thanks to the agreement signed today, a significant number of new products will be exported too in order to deepen the trade relations between the countries.

According to a statement released, Colombia is in position to export to Cuba a wide range of goods: fuel, cereals, machinery and equipment, dairy products, fertilizers, appliances, among others.