Chambers of Commerce of Cuba and South Africa sign important Cooperation Agreement

Pretoria, December 18, 2020.- The president of the Cuban Chamber of Commerce, Cde. Antonio Luis Carricarte and the President of the South African Chamber of Commerce and Industry, Lawyer Mtho Xulu, signed today an important cooperation agreement between both entities, in a virtual ceremony.

IN accordance with the signed agreement, the Chambers undertake, among other things, to promote commercial and economic cooperation between the two countries; to disseminate to businessmen on both sides information on goods, services and possibilities of association, especially in the sectors of agriculture, biotechnology, pharmaceuticals, industry/manufacturing, health and education; as well as extending business-to-business commitments, in order to promote business associations, with emphasis on the aforementioned sectors.

Likewise, the parties will help each other in promoting and participating in fairs and exhibitions, face-to-face or virtual, and will jointly organize trade missions and business visits, in the interest of increasing investment, joint ventures, and advantageous business opportunities for both countries.

On last October 14, the Cuban Chamber of Commerce signed a similar cooperation agreement with the important Johannesburg Chamber of Commerce and Industry.

In his opening remarks at the ceremony, the Cuban Ambassador to South Africa, Rodolfo Benítez Verson, described the agreement as a new important practical step in the current process of increasing and expanding economic and trade relations and investments between Cuba and South Africa, for the benefit of their respective peoples. He said that the new export and import facilities approved by Cuba multiplies the interest of South African companies on the Island, which has also presented a new Business Portfolio that includes 503 projects valued at 12,070 million dollars.

For his part, the President of the South African Chamber of Commerce and Industry stressed that the agreed Memorandum will be the platform for the prompt creation of a Joint Cuba-South Africa Business Council, a mechanism that will facilitate the rapid increase in trade between the two countries. Likewise, he emphasized that the agreement also opens the way for the intensification of the economic-commercial relations of Cuba with the countries of the Southern African Development Community (SADC).

President Carricarte, on behalf of the Cuban Chamber of Commerce, described the signing of the agreement with the South African counterpart as historic, due to its favorable implications not only for bilateral trade between Cuba and South Africa, but also for the Island’s trade with the African continent as a whole. He extended an invitation to the President of the South African Chamber to participate in the International Fair of Havana, scheduled for November 2021.

Cuba and South Africa are currently implementing successful bilateral cooperation agreements in multiple spheres, such as health, education, public works, human settlements, infrastructure, science, information and communication technologies, sports, environment, water and sanitation, among others.

The South African Chamber of Commerce and Industry brings together more than 20,000 companies and business associations among its members.