This is the first contract signed since the opening Monday of the XXVI edition of the International Fair which runs until Saturday in the presence of 420 companies from 56 countries. Contracts totaling $ 300 million were signed last year.
Note also that Cuba is a new market presents enormous potential for Canadian exporters.
The contract, whose amount was not disclosed, was signed by the Canadian Wheat Board (CWB), based in Winnipeg (Manitoba) and the Cuban state company Alimport, responsible for food imports.
Canada is the third largest economic partner of Cuba, behind China and Venezuela, with trade of about 1411 billion in 2007.
In the series' do as I say but not what I do ".... Americans are the leading exporters of food on the communist island, which must import about 84% of its food needs.
The United States since 1962 imposed a trade embargo and financial support to Cuba, except food and pharmaceuticals.
The long-standing relationship between Canada and Cuba has narrowed significantly over the past ten years, allowing Canadians to have access to one of the few markets that is not dominated by the United States, United.
Canada's exports to Cuba vary each year because of changes in unit prices of products. However, agricultural commodities generally composed the bulk of Canadian exports to Cuba.
During the last decade, Canadian companies have figured prominently in several key economic sectors of Cuba, while the economic blockade still hampers U.S. competition. Thus, there are dozens of joint ventures in which foreign companies manage hotels four and five stars while the Cuban government holds the title.
In 2004, a quarter of tourists or 500 000 of them were Canadians. Cuba is one of three preferred overseas destinations for Canadians.
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