Evaluating the market in Cuba

We can help you get a better understanding of market activity, relationships and support to grow your business.

Business environment in Cuba

Canada has an established and stable trade relationship with Cuba. There have been immediate changes following the U.S./Cuba rapprochement and economic benefits in terms of travel, remittances and trade restrictions. However, the U.S. has yet to fully remove sanctions on the island and the trade embargo remains firmly in place. In 2017, some of the economic benefits previously announced were cancelled, causing a setback for U.S./Cuba relations. Cuba 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 economic conditions remain weak and the business climate remains challenging.
  • Agriculture
  • Construction & Infrastructure
  • Consumer Goods
  • Machinery - Packaging, Industrial & Analytical Instruments
  • Services - Non-Industrial
  • Specialty Vehicle

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC