International Trade Experts!

Business opportunities in Cuba

Cuba - Armando Amorós

Coffee with an International Trade Expert" is back! We start a new season identifying the opportunities business in Cuba. On this occasion, we will have the pleasure of talking with Armando Amorós, an expert in international trade with extensive experience in the Cuban market. During the meeting, we will talk about: Relevant data on Cuba's current economic outlook. Sectors with the greatest potential for foreign investment. Keys to do business successfully on the island. Practical advice for entrepreneurs wishing to enter the Cuban market.

Are you interested in learning more about the opportunities offered by CubaDon't miss this "Coffee with an International Trade Expert"! June 5th, 2024 at 11:00 am Colombia time / 12:00 Cuba time Don't miss it! is Live through our social networks.

Some interesting facts about Cuba:

  • Population: 11.2 million inhabitants. GDP: $108 billion (2020).
  • GDP growth: 2.1% (2020).
  • Main economic sectors: tourism, agriculture, sugar industry, nickel.
  • Main trading partners: Venezuela, China, Spain, Italy, Canada Cuba is waiting for you!
Armando Amorós
General Manager of LMB Logistics Services
05-Jun/24
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In the first episode of the new season of "A Coffee with an International Trade Expert", Angélica had the pleasure of talking with Armando Moros, a professional with a deep knowledge of international trade in Cuba. Below, we highlight the most important points discussed during the interview.

  1. Special Guest: Armando MorosArmando Moros, an international business and relations expert with solid experience in the Cuban market, shares his perspective on the opportunities and challenges in Cuba.
  2. Economic Transformation in CubaArmando notes that Cuba has undergone a significant transformation in recent years, especially in its focus on exporting professional services rather than traditional products such as sugar and tobacco.
  3. Commercial and Political RestrictionsThe conversation addresses how restrictive U.S. policies have impacted the Cuban economy, imposing financial and trade limitations that affect the country's economic growth.
  4. New SME Law in CubaOne of the most promising opportunities mentioned is the implementation of a new law that facilitates the creation and operation of small and medium-sized enterprises in Cuba, opening up new possibilities for international collaboration.
  5. Import DependenceCuba relies heavily on imports to meet domestic demand, especially in the food sector. This dependence presents opportunities for Latin American exporters.
  6. Services SectorThe services sector, especially tourism and medical services, plays a crucial role in the Cuban economy. Armando highlights Cuba's capacity to export professional services, offering competitive opportunities at the international level.
  7. Impact of COVID-19The pandemic has had a significant impact on the Cuban economy, exacerbating economic asymmetries with its main trading partners and affecting economic growth.
  8. Investment Potential in CubaDespite the challenges, Armando emphasizes that Cuba remains an attractive place for investment, especially for those willing to know and understand the Cuban environment firsthand.
  9. Future OpportunitiesThe event discussed sectors with high growth potential, such as software development and video games, as well as the need for agricultural and food products, presenting valuable opportunities for companies from all over Latin America.

The interview concluded with an open invitation to businessmen and entrepreneurs to explore and take advantage of opportunities in the Cuban market, highlighting the resilience and entrepreneurial spirit of the Cuban people. Despite technical challenges during the broadcast, the conversation provided an enriching view of international trade in Cuba, underscoring the importance of collaboration and knowledge sharing in an increasingly interconnected world.

¡La internacionalización es el camino!

¡La internacionalización es el camino!

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