Cuban government gives green light to exports, imports and the wholesale market for the private sectot, which is growing fastte sector

“The interest of our government is to facilitate this export and import management to non-state forms.

It is not so that the company (state responsible for providing this service) becomes more profitable,” said the head of Foreign Trade, Rodrigo Malmierca.
OnCuba Writing by Redacción OnCuba July

The Cuban government gave the green light to exports and imports from the private sector, as well as to a wholesale market in Freely Convertible Currency (MLC) for this sector and foreign and mixed capital companies, as part of the package of new economic measures announced by the last week.

The export and import service that will begin to be offered to the non-state sector will be “in the most feasible way possible,” said the Minister of Foreign Trade and Foreign Investment (Mincex), Rodrigo Malmierca, on the Mesa Redonda television program on Wednesday. .

Malmierca explained that the measure aims for Cuban exports to grow, for imports to be more rational and for chaining between the different productive sectors to be encouraged, and said that “the commercial margins to be used will be minimal.”

“The interest of our government is to facilitate this export and import management to non-state forms. It is not so that the company (state in charge of providing this service) becomes more profitable, “he said.

The head of the Mincex confirmed that the measure is part of the set of decisions that the government takes to boost the economy in the post-COVID-19 recovery stage and that it is based on principles contained in documents such as the conceptualization of the Cuban economic model, the Constitution and the economic and social development plan until 2030.