From 2014 to 2015 China’s trade with Cuba grew by 57 percent (from 1.33 billion USD to 2.33 billion USD). Further, Chinese communication firms are investing in infrastructure projects on the island. Huawei, one of China’s largest telecommunications companies, has already begun the construction of Wi-Fi projects to increase Internet penetration to both businesses and homes. But, projects such as these and the MOUs (Memorandums Of Understanding) to construct $500 million golf courses do not bring Cuba into the 21st century. Cuba needs advanced, industrial technology to revitalize its economy.
The desire for high-quality consumer products and technology can be seen in Cuban consumers preferring US made goods to those of China. With close to 2.5 million Cubans living in the United States, more than half a million Cuban-Americans travel back to Cuba with U.S. products, equaling 3.5 trillion USD annually. With the introduction of Congressional House Bills. H.R. 572 (facilitating the export of U.S. agricultural products, medical devices, and medicines to Cuba), H.R. 574 (lifting the trade embargo on Cuba), and S. 472 (to repeal or amend current laws restricting trade with Cuba), companies such as Va-Cuba Inc. have applied for OTI (Ocean Transportation Intermediary), NVO (Non-Vessel operating) and OFF (Ocean Freight Forwarder) licenses. Planning to facilitate the demand for ocean freight forwarders between Cuba and the US, it is time to jump on the boat and prepare for new challenges.
und viele Grüße aus Charlotte
Reinhard von Hennigs