The following objectives are aimed
at the creation of Free-Trade Zones and Industrial Parks:
To contribute to
the social and economic development of the country; to encourage
international trade in the framework of a greater economic integration
with Latin America and the Caribbean; to stimulate the incorporation
of a bigger national aggregated value, making use of the country's
resources; to develop new national industries, assimilating
highly developed technologies and the exportation of Cuban products.
There are three
Trade-Free Zones operating at present.
The CIMEX S.A.
Corporation, represented by Havana in Bond, is the concessionaire
of the Berroa Free-Trade Zone, located in Havana's eastern outskirts,
ten kilometres away from Havana's main Harbour. Phone: 338137
- 39. Fax: 338140
Almacenes Universales S.A. is the
concessionaire of the Mariel and Wajay Free-Trade Zones.
Mariel is located at the Mariel
Harbour, 60 km West of Havana. Phone: 660679. Fax: 669734.
Wajay is located on the outskirts
of Havana, 1.5 km from the cargo terminal of the "Jose Marti"
International Airport. Phone: 335884. Fax: 335885
The Ministry for Foreign Investment
and Economic Co-operation, through the National Office for Free-Trade
Zones, is the body of the State's central management in charge
of regulating and controlling the activities of concessionaires
There are 237 operators (May 2000)
and more than 23 are awaiting approval. Many more are still
at the negotiation stage.
Cuban Free-Trade Zones cover more
than 110 000 sq. km of which 72 000 are roofed storing facilities,
31 000 belong to open air storing facilities or green areas
and 6 000 are offices for the foreign operators. By the end
of 1999 there were 220 Free-Trade Zone operators from 26 countries,
mainly from Spain, Italy, Canada, Panama and Mexico.
For those companies wishing to
export to Cuba and import Cuban goods the free zone provides
a quick solution to entering into these ventures. The Free-Zones
operate under the rules of 25% - 75% meaning that for every
100 dollars imported 300 dollars worth of goods must be exported
from the operator and Cuba.