Cuba - webinar on aquaculture opportunities in Cuba
Get insights in the aquaculture in Cuba and potential opportunities for technology and solutions suppliers to the industry
Tidspunkt
28.09.2023
15:00 - 16:00
Sted
Online
Pris
Participation is exclusive for members of DI, Danish Export - Fish Tech and/or Danish Export Association
Participation is free of charge.
The Confederation of Danish Industry and Danish Export - Fish Tech invite you to partake in a webinar focusing on business opportunities in Cuba. Cuba is looking to increase food production and aquaculture investment, join this webinar and learn more about the future of aquaculture production in Cuba.
The next frontier for aquaculture investment
Before the global pandemic, Cuba had ambitions of becoming the next frontier for aquaculture investment to overcome food shortages on the island as well as kickstart exports to partners globally.
Historically, Cuba has been heavily affected by economic sanctions imposed by the US Administrations. Cuba is though forging ahead with a plan to further open its economy, and Cuban President, Miguel Diaz-Canel, recently identified aquaculture as one of the fastest ways to boost domestic food and protein supply.
Even though Cuba is an archipelago with plenty of coastline, marine culture is not a branch of aquaculture that has been definitively established. Fish farming in cages is considered a productive alternative. An example of a recent investment is by Pescario, a state-owned fishing company that is building five hectares (12.4 acres) of fishponds in the western Pinar del Rio province that could yield 100 metric tons of either catfish or tilapia in harvests. Many more projects are already approved for financing, and this is an opportunity for Danish companies aiming at new markets globally.
Cuba in brief
The Cuban economy was hard-hit by the economic shutdown associated with the COVID-19 pandemic and has yet to fully recover. Cuba reports the economy contracted by 10.9% in 2020 and grew by 1.3% and 2% in 2021 and 2022, respectively. The Cuban government forecasts growth of 3% in 2023. However, according to the Economist Intelligence Unit (EIU), Cuba’s economic output will not return to its pre-pandemic level until 2024.
Cuba has farmed tilapia in extensive ponds for decades. The country introduced Chinese carp species in the late 1970s and reached peak aquaculture output of 20,000 metric tons a year before a sharp decline. Cuba is now looking to supply its internal market first but is also open to building an export-focused industry.
Find out more about initiatives in Cuba by joining this webinar. The webinar will be in English
Agenda
- Welcome
- Remark by the Ambassador of Cuba to Denmark
- Doing business with Cuba by Cuban Chamber
- Presentation of future projects by OSDE pesquero/Grupo Empresarial Pesquero (Fish Group)
- Q&A
- Presentation of future projects Empresa Nacional del Cultivo del Camarón (ECCAM) / (National Shrimp Company)
- Q&A
- Closing remarks
The Cuban companies involved:
- Liliana Mengana, Directora de Relaciones Internacionales MINAL
- Ariel Padrón, Director de negocios del Osde Pesquero.
- Juan José Mena Lorenzo, Director de Control Productivo del Osde Pesquero.
- Jesús Rodríguez Rull, Jefe del Grupo Acuicultura del Osde Pesquero.
- Osmani Flores Espinosa, Jefe del Grupo de Plataforma de pesquerías marinas.
- Osmel Alemán, Director de la Empresa del Camarón.
- Mario Cedeño, Director de la Empresa de Acuicultura de Batabanó.
- Estrella, Directora de la Empresa Pesquera de Artemisa, de Acuicultura y Plataforma
Facilitated by:
With contribution from the Embassy of Denmark/Trade Council:
