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Cuba

Explore new markets: 80% of goods in Cuba are imported.

Farmer drawing water from well in Pinar del Rio Province, Cuba
  1. Cuba
  2. Country and Market Info

Evaluating the market in Cuba

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

EDC Position

EDC Country Position – Open on highly restricted basis

Open on highly restricted basis

What this means:

  • Reactive approach to business
  • EDC solutions are available on a highly restricted basis

How does EDC determine the position?

EDC takes the following into account when determining the position in a given market:

  • Government of Canada restrictions
  • Political, human rights and corruption risks
  • Other factors that may be taken into consideration are: size of the economy, diversification of the economy, risk of natural disasters
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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
 

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.
 



Read the latest Government of Canada travel advisory for this market.
 

Business environment in Cuba

Canada has an established and stable trade relationship with Cuba. Historically, the Cuban market has been dominated by State Owned companies. However, in 2021 the government passed several laws to open up the economy to small- and medium-sized, privately owned enterprises. Canadian companies and investors in Cuba are encouraged to familiarize themselves with Canada’s Foreign Extraterritorial Measures Act (FEMA), which protects Canadian businesses from extraterritorial application of foreign laws.
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We understand opportunity

With our knowledge and solutions, you can take on the world knowing that we've got your back.

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Interested in growing your business in this market?

If you’re an existing customer, please contact your EDC account manager about any additional support you need. If you’re new to EDC, please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-800-229-0575

Or send us a question and we’ll get back to you as soon as possible. Send a question.

Date modified: 2018-05-14

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