Cuban President Reaffirms Support for Foreign Businesses Amid Economic Pressures
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Havana, Cuba – November 25, 2025 – Cuban President Miguel Díaz-Canel underscored his management’s commitment to fostering strong relationships with international businesses currently operating in cuba, even as the nation navigates meaningful economic headwinds and the ongoing U.S. embargo. The President’s remarks came during his address at the opening of the Havana International Fair (FIHAV) 2025, the island’s most critically important commercial event, which runs through November 29th at the ExpoCuba fairgrounds.
Díaz-Canel acknowledged existing financial obligations to foreign partners, stating that despite challenges in fulfilling all commitments, these businesses remain in Cuba due to a feeling of commitment
and a perception of Cuba as an honest country, where the rights of businessmen are respected.
This continued confidence is vital as Cuba seeks to bolster its economic development and attract further foreign investment despite the constraints imposed by the decades-long U.S. blockade.
Values Driving Business Relationships
The President emphasized core values that underpin the business climate in Cuba, including solidarity, respect, fraternity, and a lot of decency.
He highlighted the long-term investments many foreign companies have made in Cuba, noting that they have opted for Cuba
and made part of their lives and also part of the results of their businesses in Cuba.
this dedication, he argued, transcends short-term economic considerations.
“Many of these businessmen have been in Cuba for decades, they have opted for Cuba, they have made part of their lives and also part of the results of their businesses in Cuba, and that is above other things,”
Díaz-Canel expressed optimism about Cuba’s future economic prospects, stating his belief that better times will come and we can advance further.
He positioned the continued presence of these international trade partners as a fundamental pillar
for the nation’s economic growth, particularly in the face of the U.S. blockade.
Did You Know?
FIHAV has been a key platform for Cuba to showcase its economic potential and attract foreign investment since its inception in 1972.
Pro Tip:
Understanding the complexities of the U.S. embargo is crucial for businesses considering investment in Cuba. Resources from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) provide detailed regulations.
| Event | Date | Location |
|---|---|---|
| FIHAV 2025 Opening | November 25, 2025 | ExpoCuba, Havana |
| FIHAV 2025 Closing | November 29, 2025 | ExpoCuba, Havana |
The fair brings together exhibitors from numerous countries, serving as a crucial venue for trade negotiations and the forging of new economic partnerships.
IDEAS Multimedios announces special coverage during the Havana International Fair 2025
What impact will continued foreign investment have on Cuba’s economic recovery? And how will the U.S. policy towards Cuba influence these business relationships in the coming years?
background: Cuba’s Economic Landscape
Cuba’s economy has faced significant challenges in recent years, exacerbated by the U.S. embargo, the COVID-19 pandemic, and internal economic reforms. The country relies heavily on tourism and remittances, both of which have been impacted by global events. The government is actively seeking foreign investment in key sectors such as tourism, energy, and biotechnology to stimulate economic growth and diversify its economy. The U.S. embargo, first imposed in 1962, remains a major obstacle to Cuba’s economic development, restricting trade and financial transactions with the United States.
Frequently Asked Questions about Cuba’s Economy
- What is the U.S. embargo on Cuba? The U.S. embargo is a series of trade and economic sanctions imposed on Cuba, restricting most commercial activity between the two countries.
- What sectors are open to foreign investment in Cuba? Key sectors include tourism, renewable energy, biotechnology, agriculture, and infrastructure.
- What are the challenges of doing business in Cuba? Challenges include bureaucratic hurdles, currency restrictions, and the U.S. embargo.
- How important is FIHAV to Cuba’s economy? FIHAV is the most important commercial event in Cuba, attracting exhibitors and investors from around the world.
- What is Cuba doing to attract foreign investment? Cuba is offering incentives to foreign investors, streamlining regulations, and promoting its economic potential.
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