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Posted October 19, 2008 by publisher in Cuba-World Trade

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Ekonomist Media Group (EMG) is the leading provider of media conent in Serbia focusing on economy, business and finance.

The memorandum covers several areas of cooperation – trade in industrial, agricultural and nutritional goods, pharmaceutical products, tourism services, building services, health-care and banking services, as well as continuation of negotiations on solving the problem of Cuba’s debt to Serbia.

According to a statement issued by the Ministry of Trade and Services, ministers Milosavljevic and Raul de la Nuez signed a memorandum of understanding between the Serbian Ministry of Trade and Services and The Cuban Ministry of Foreign Trade.

The memorandum covers several areas of cooperation – trade in industrial, agricultural and nutritional goods, pharmaceutical products, tourism services, building services, health-care and banking services, as well as continuation of negotiations on solving the problem of Cuba’s debt to Serbia.

A memorandum of understanding on development of capacities and technical cooperation between the Serbian Ministry of Agriculture, Forestry and Water Management and the Cuban Ministry of Agriculture was signed at the meeting.

The memorandum includes areas such joint research, capacities development, technical assistance, technology transfer, trade negotiations on developing livestock production technology, veterinary services as well as services concerning plant health, the possibility of signing phytosanitary contracts, seeds management and production, development of the fresh fruit and vegetable market, and development of technology in various areas of production.

The possibility of improving cooperation in the areas of economy, agriculture, health-care, pharmaceutical products trade, energy, tourism, education, construction, science and environmental protection was discussed at the meeting.

Milosavljevic thanked the Cuban delegation for their visit and stressed that the governments of the two countries have great potential for advancing economic and trade relations.

Specific projects such as a $50 million loan by Agrobanka for purchasing Serbian origin products, particularly food, creation of a joint company in Cuba for production and sale of spices, sale of Cuban biotech products in Serbia, supply to distilleries for alcohol in Cuba, and transfer of technology for the production of biolarvicide in Serbia, were also discussed at the meeting.

Raul de la Nuez said that proposed projects would be an excellent incentive for intensifying bilateral relations. He stressed that Cuba needs projects for constructing hurricane resistant residential buildings, and expressed his wish for Serbian designers to participate in the work.

The two delegations talked about possibilities of cooperation in the areas of health (exchange of experience, production of medicines and biotechnology), mining and energy (possibility of cooperation between the Serbian and Cuban oil industries in research and participation in oil and gas exploitation in Cuba), education (student exchange, organisation of language schools) environmental protection (biodiversity protection), tourism, etc.

It was agreed at the meeting that the question of Cuba’s debt should be resolved through talks, and that this issue should not hinder economic and trade relations between the two countries.

Agreement was also reached that Cuban and Serbian delegations will periodically meet, and Serbian Health Minister Tomica Milosavljevic will soon visit Cuba.

Besides Minister of Trade and Services Slobodan Milosavljevic, Health Minister Tomica Milosavljevic, the meeting was attended by representatives of ministries of trade and services, health, economy and regional development, mining and energy, agriculture, forestry and water management, as well as environmental protection and spatial planning, concludes the statement.

Export of beer to Cuba

100,000 liters of beer have already been delivered. Jelen pivo that is intended for the Cuban market will be produced in Apatin and will come in cans of 0.33 liters.

Apatinska pivovara, a member of the InBev Group, has started exporting the beer Jelen pivo to Cuba.

A statement by the brewery reads that 100,000 liters of beer have already been delivered. Jelen pivo that is intended for the Cuban market will be produced in Apatin and will come in cans of 0.33 liters.

Apatinska pivovara exported 28 percent more Jelen pivo last year compared to 2006. It sold a total of 350 million liters of beer, of which 60 million was exported. Sales went up 20 million liters, i.e. 6 percent.

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  1. Follow up post #1 added on October 19, 2008 by publisher with 3905 total posts

    Another business deal and another announcement that a foreign country will negotiate their debt from Cuba.

    Why do foreign countries even bother to structure business deals? Cuba rarely pays and always seems to have to “renegotiate” their debts.

    With all the hard working, intelligent people in Cuba and all the resources she has and all the resources she can produce, it is incredible to me that Fidel and now Raul continue to strangle the country for their own selfish reasons.



    Cuba consulting services

  2. Follow up post #2 added on October 20, 2008 by cubanpete with 127 total posts

    In the context of Cuba, renegotiating debts means, for all intents and purposes, writing off those debts.  And Serbia wants to do more business there?  Barnum was indeed correct; there’s a sucker born every minute.  More astute traders will deal with Cuba on a strictly cash basis, given its deadbeat credit history.



    For change (cambio) we can believe in.
    http://www.desdecuba.com/generationy

  3. Follow up post #3 added on October 20, 2008 by manfredz with 464 total posts

    a number of companies/countries are willing to lose in the shortrun, but have their foot in the door if cuba turns around economically.  Maybe they’re deluding themselves, maybe they’re the smart ones - time will tell.


  4. Follow up post #4 added on October 20, 2008 by publisher with 3905 total posts

    Right. Russia probably thought the same think and look where that got them.



    Cuba consulting services

  5. Follow up post #5 added on October 20, 2008 by manfredz with 464 total posts

    but that was cold-war politics - soviet union just wanted both a base off americas doorstep both to rattle the americans and to help bring as much of central and south america inti their fold.  Also come feel that it was initially just to get a pressure point to get the americans to pull their nuclear missles out of eastern turkey, which happened after the soviets withdrew theirs out of cuba.
    this time round think economics is the game for almost everybody investing in cuba except venezuela and china.


  6. Follow up post #6 added on November 01, 2008 by ERIC,NYC

    Great…..more wonderful “TITOVILLES” in Havana’s peripheries.


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