http://havanajournal.com/business/entry/cuba_seeks_more_foreign_investment_in_sugar_industry/

HavanaJournal.com: Cuba Business

Cuba seeks more foreign investment in sugar industry

Posted June 17, 2004 by publisher in Cuba Business.
---------------------------------------------------------------------------------------------------

Associated Press

Cuban authorities are looking for foreign partners to help fund projects such as building an alcohol distillery and producing lollipops to further develop the island’s sugar industry.

On Tuesday, the government distributed a pamphlet of 26 such initiatives to delegates at the International Congress of Sugar and Sugarcane Derivatives.

“We are looking for financing, technology and/or markets,” Manuel Alonso Padilla, a Cuban sugar ministry official, told reporters at the event. “We will provide the infrastructure, top-notch labor, and engineering.”

Dozens of business representatives from Europe, Mexico, Brazil and Australia will discuss the proposed projects, some of them costing millions of dollars, on Wednesday and Thursday.

Cuba’s sugar industry has been undergoing a major restructuring over the past several years as officials struggle to make production more efficient and a once-crucial industry more relevant.

Once the locomotive that drove this island’s economy, sugar has been replaced in recent years by tourism as the island’s primary source of foreign income.

The congress began Tuesday and runs through Friday at the Hotel Habana Libre in the Cuban capital.

Member Comments

---------------------------------------------------------------------------------------------------
On June 17, 2004, publisher wrote:

Sounds like opportunity knocking…except for Americans.

We can have billions of dollars of crap imported from China.

We can buy oil from Saudi Arabia.

Both countries known for their stellar human rights…NOT!

I don’t hear anything about a Bush proposal for a regime change there.

Think people, think. Then, write your congressman. Ask him or her why they are for the Embargo while we do billions of dollars of business with China and Saudi Arabia.