Canada has an established and stable trade relationship with Cuba. Cuba continues to move forward with a gradual economic liberalization strategy highlighted by the December 2014 announcement stating Cuba and the US’s intentions to normalize diplomatic relations. There have been immediate changes and economic benefits in terms of travel, remittances, and trade restrictions, but the US has yet to fully remove sanctions on the island, and the trade embargo remains firmly in place. Cuba also signed a historic agreement with Paris Club creditors in December 2015 resulting in billions of debt forgiveness. However, no short-term change is expected that would benefit Canadian exporters and investors; the business climate remains challenging.
- Construction & Infrastructure
- Consumer Goods
- Machinery - Packaging, Industrial & Analytical Instruments
- Services - Non-Industrial
- Specialty Vehicle
How we can support your business
Through our Head Office operations in Ottawa, we provides support to Canadian companies planning on or currently doing business in Cuba.