India is participating in the upcoming 35th Havana International Fair, Havana, Cuba, October 30-November 3, 2017 at the EXPOCUBA Exhibition Centre. FIHAV is a highly acclaimed multi-sector commercial annual trade fair that is being held since 1983. It is considered the most important multi-sector trade fair in Cuba as well as the Caribbean. Moreover, it is also among the most representative trade fairs from Latin America with focus sectors being raw materials, food and beverages, textiles, consumer goods, equipment and machinery, technology and services. In 2016, FIHAV covered over 20,000 sq mt of net exhibition area, welcomed 4,500 foreign exhibitors from 60 countries, 25 official delegations of various countries and 85 Chambers of Commerce and Trade and Investment Promotion Organisations. It received around 150,000 trade visitors and general public.

India @FIHAV 2017

The Hon’ble Union Minister of State for Commerce & Industry (IC) Shri Suresh Prabhu will be leading a business delegation to Cuba and Panama to coincide with FIHAV 2017 and will also be inaugurating the ‘India Pavilion’ at the trade fair.

India Trade Promotion Organisation (ITPO) is jointly organising India’s participation at FIHAV 2017 in association with the Indian Embassy, Cuba and Federation of Indian Exporters Organisation (FIEO). India Brand Equity Foundation is managing brand promotion for India at the fair.

As far as India’s presence at FIHAV 2017 is concerned, players engineering, IT, food products, textiles, chemicals and pharmaceuticals are participating at the trade fair.

Indo-Cuba Relations

India and the Latin America and Caribbean (LAC) region stand at opposite ends of the globe; yet relations have remained on a strong footing, transcending the barriers of distance. Trade and investment with the Latin American and Caribbean countries has come a long way since the turn of the millennium. Both regions are highly complementary in energy and natural resources, pharmaceuticals, auto and services sectors and both have prioritised diversification of trade and access to new markets.

Total bilateral merchandise trade between India and the LAC region excluding Mexico increased from US$ 9.07 billion in 2006-07 to US$ 24.55 billion in 2016-17, registering a growth of 170.67%. Bilateral trade with the LAC region accounted for 3.71% of India’s total global trade with exports accounting for 2.62% and imports accounting for 4.50% respectively.

During 2015-16 and 2016-17, top five Indian exports to the region were motor vehicles/cars, drug formulations, biological, agro chemicals, manmade yarn, fabrics, two & three wheelers. In terms of imports, the top five commodities during the period were petroleum crude, vegetable oils, gold, bulk minerals & ores and sugar.

Total trade between India and Cuba stood at US$ 43.10 million in 2016-17, with exports at US$ 41.79 million and imports at US$ 1.31 million. India’s major exports to Cuba included drug formulations, biological, bulk drugs, packaging material, industrial machinery, lead & its products, other oil seeds, cereal preparations, auto tyres & tubes and iron and steel, while major import items were drug formulations, biological, manufactured tobacco, aircraft, spacecraft & parts, electronic components, telecom instruments, copper & its products, moulded and extruded goods, and finished leather.

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