Doing Business in Cuba

The objectives of the subject «Doing Business in Cuba» are the following:

1. To analyze the Cuban Economy and International Trade;
2. To explore the Business Opportunities in Cuba;
3. To analyze the trade relations of Cuba with the country of the student;
4. To know the Trade Agreements of Cuba;
5. To develop a business plan for the Cuban market.

The Subject «Foreign Trade and Business in Cuba» belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): American Business, World Trade.

Learning materials in ( Cuba Cuba Cuba).

Credits of the Subject «Doing Business in Cuba»: 1

Preferential Access and Free Trade Agreements of Cuba

1. Cuba and the Caribbean Economic Area;
2. Association of Caribbean States (ACS);
3. Latin American Integration Association (ALADI);
4. Bolivarian Alliance for the Peoples of Our America (ALBA)
   1. Energy supply agreement with Venezuela (PetroCaribbean).
5. Latin American and Caribbean Economic System (SELA);
6. Mexico-Cuba Economic Complementation Agreement;
7. Partial scope agreement with Chile;
8. Partial scope agreement with Guatemala;
9. Trade Agreement with Panama;
10. Economic Complementation Agreement with Peru;
11. Trade Agreement with Qatar;
12. Agreement with the MERCOSUR;
13. El Salvador-Cuba Partial Scope Agreement;
14. Global System of Trade Preferences among Developing Countries (GSTP);
15. Eurasian Economic Union (EAEU) - Observer country.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Bureau of Containers and Intermodal Transport (BIC);
4. International Civil Aviation Organization (ICAO, Chicago Convention);
5. International Maritime Organization (IMO);
6. Customs Convention on Containers (CCC, UN);
7. International Civil Aviation Organization (ICAO);
8. Organization for Cooperation between Railways (OSJD).

The International Air Transport Association (IATA) was created in Havana in 1945.

American Trade and Economic Organizations:

1. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit.
2. Organization of American States (OAS);
3. Economic Commission for Latin America and the Caribbean (ECLAC);
4. Forum for East Asia-Latin America Cooperation (FEALAC).

Global Organizations:

1. World Trade Organization (WTO);
2. World Intellectual Property Organization (WIPO);
3. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD).

Cuba is not a member of:

1. International Monetary Fund (IMF);
2. World Bank (WB).

Republic de Cuba.

1. Cuban Capital: Havana;
2. Cuban Provinces: Pinar del Río, Artemisa, Havana, Mayabeque, Matanzas, Cienfuegos, Villa Clara, Sancti Spíritus, Ciego de Ávila, Camagüey, Las Tunas, Granma, Holguín, Santiago de Cuba, Guantánamo, and the Isle of Youth Special Municipality;
3. Largest cities: Santiago de Cuba, Camagüey, Holguín, Guantánamo, Santa Clara, Las Tunas, Bayamo, Manzanillo, Cienfuegos, Pinar del Río, Matanzas, Ciego de Ávila and Sancti Spíritus;
4. Cienfuegos is a World Heritage Site;
5. Cuba does not share land borders with any country (except the Guantánamo territory of the United States);
6. Nearest countries to Cuba by sea: Bahamas, United States (Florida), Mexico, Cayman Islands, Haiti, Jamaica and the Dominican Republic;
7. Area of Cuba: 442 square kilometers;
8. Population of Cuba: 11,200 de inhabitants;
   1. Cuban Population density: 102 inhabitants / square kilometers;
   2. 10% of the population has an African origin (African Diaspora), the rest are white and mulattoes.
9. Cuba has one of the highest rates of literacy, health coverage and life expectancy in all of Latin America (Iberian America);
10. Cuba has a high human development index: 0.8;
11. Cuba has the third largest number of doctors per capita worldwide;
12. Official language of Cuba: Spanish;
13. Abolition of Slavery in Cuba: 1886;
14. Climate of Cuba: tropical;
15. 1492: discovery by the Spanish (Isla Juana);
16. 1869: Spanish province;
17. 1898:
    1. Spanish-American war;
    2. Independence from Spain (with Puerto Rico and Philippines).
18. 1902: United States Protectorate;
19. 1952: Fulgencio Batista dictatorship;
20. 1959: Cuban revolution (Fidel Castro, Communist Party of Cuba);
21. Government Type: Socialist State with single party.

Main religion in Cuba:

1. Christianity (Catholicism): 49 % of the Cuban population.

Cuba belongs to the Caribbean Economic Area of the Western Civilization.

Cuban Economy.

1. Cuba has a planned economy based on the Stalinist-Marxist (communist) model;
2. Almost all the Cuban productive means are administered by the Cuban Government;
3. It is estimated that 75% of the workforce works for the Government;
4. There are an estimated 500,000 workers in the private sector;
5. Cuban GDP (PPP): 96,851 million dollars;
6. Cuban GDP per capita (PPP): 12,357 dollars;
7. Economic blockade by the United States (since 1959);
8. Mariel Special Development Zone for attracting external investments oriented to export;
9. Cuba has important mineral resources, mainly nickel, copper and cobalt.
   1. Cuba has 34.4% of the world's nickel reserves.
10. The main Cuban economic activity is the sugar industry;
11. The tropical fruit sector (pineapple, guava, mamey, papaya) is important;
12. Significant production of coffee and manufactured tobacco (Cuban cigars);
13. Important tourist sector
    1. 3.5 million tourists visit Cuba every year.
14. Main industries: petroleum, nickel, cobalt, pharmaceuticals, tobacco, construction, steel, cement, agricultural machinery, sugar;
15. Cuban currency: Cuban peso (CUP) and Cuban convertible peso (CUC);
16. Country code top-level domain of Cuba: .cu.

Cuban Foreign Trade

1. Main exports of Cuba: oil, nickel, medical products, sugar, tobacco, fish, citrus, coffee;
2. Main export markets of Cuba: Venezuela, Spain, Russia, Lebanon, Indonesia and Germany;
3. Main imports of Cuba: oil, food, machinery, chemicals;
4. Largest providers of Cuba: China, Spain, Russia, Brazil, Mexico, Italy and the United States.

International Transport and Logistics in Cuba:

1. 52.202 Kilometers of roads (17.212 km paved)
   1. 654 km of highways.
2. 8.193 Kilometers of railway lines;
3. International Airports: Havana, Varadero, Holguín and Santiago de Cuba;
4. Largest ports: Mariel, Moa, Cienfuegos, Havana and Matanza.

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