Cuba depends on agricultural imports to feed a population of 11,04 million people in addiction to over 3.5 million annual visitors. At present the increase of tourism demand have focused the attention in agriculture production. Therefore agri-food industry conditions offer the best scenarios to increase the level of production, food processing, and export of farming products with the lowest cost per unit.
The Cuban government has been trying to increase agricultural production quickly to reduce a large part of the food imports, regardless of the fact that there have been some successes, the need for food imports is expected to remain solid for the foreseeable future. The agri-food industry is a non-stop growing market that requires foreign investors with experience in different forms of production management to boost sustainable development in the sector.
Significant opportunities exist for EU exporters, the industry lacks wide-ranging segments, such as the mass market (wheat, milk protein, poultry, dairy products, livestock, oil seeds, cereals, grains, pulses, special crops, and vegetables). Followed by the high-end niche market (seafood, beef, beverages, and wines) up to advanced processing technologies and equipment.
Partnering with agriculture cooperatives has different alternatives and contracts, from joint ventures forms up to management and service. Nevertheless, the establishment of an International Economic Association and 100% foreign Capital are another viable options that support the introduction of advanced agriculture technologies and industry know-how.
The agriculture sector faces several challenges, including a lack of machinery and funding to significantly modernize production. It will
require an external financing and suppliers
for the implementation of projects, from
agricultural production processes up
to its industrialization.
The agri-industry endeavors to replace
its old and obsolete machinery due
to the need to improve production
performance and reduce reliance
on imported products.
Agri-industrial pre-approved projects mainly focused on modernizing and increase the capacity of existing facilities
as well as the development of new
processing plants along with innovative food packaging technologies.
Foreign Investors are invited to develop
their projects in line with the outlined priorities previously mention; we are interested in build a strong business relationship to explore
and discuss specific opprtunities.