Cuba-South Africa Business Forum Running in Havana

sudafrica-cubaHAVANA, Oct 22 (PL) Cuban business people devoted to telecommunications, health care, tourism, mining and other industries are meet yesterday with their Cuban counterparts to identify business opportunities.

According to the Cuban Chamber of Commerce, the visitors are part of the entourage of South African Vice President, Cyril Ramaphosa, who is on a state visit here.

The group also includes executives from biopharmaceutical, engineering, construction, sugar cane and the production of items for children, as well as househols appliances and items for personal hygiene, said the report.

The text adds that the visiting delegation is interested in investment projects in Cuba and want to develop contacts with Cuban firms and bank institutions.

High ranking Cuban officials and the South African vice president will attend the forum, set to be held at the headquarters of the Ministry of Foreign Trade and Investment (Mincex), in thiscapital.

South Africa and Cuba established diplomatic relations on May 11, 1994, in the wake of the elimination of the apartheid regime and the establishment of the first multiracial government in that African country.

In July, 2014, a Trade Agreement between the Government of the Republic of Cuba and the Government of the Republic of South Africa was put into force, aimed at broadening and strengthening reciprocal benefits.