Cuba opens doors for agriculture investment, Brazil large player

Posted on November 12, 2012 • Filed under: Agriculture, Brazil, Cuba

They will be the first foreigners to participate in the agribusiness since 1959 when the mills were nationalized controlled by the U.S. Brazilian investments are growing rapidly thanks to a national credit of “around $ 1000 million, with the port and credits for purchases, maybe a little more, “he explained to BBC News Jose Felicio, Brazilian ambassador to Cuba. The sugar industry was, since colonial times, the engine of the Cuban economy. However, after the economic crisis of the 90s plummeted from about 7 million tons produced in the 80 went to 1.38 tons in last year’s crop. Read Article

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