Cuba Invites Five-Member EEU To Use For Fifty Years A 123-Acre Site To Create Industrial Park. Nearest EEU Member Is 5,646 Miles From Cuba. Two EEU Members Under U.S. And EU Sanctions.
/TeleSur
Caracas, Venezuela
2 September 2022
EEU Considers Creating Industrial Park in Cuba's Mariel
By Fernando Casado
Cuba has made a proposal to the UEE for the loan of a 50-hectare plot of land to create an industrial park. The Eurasian Economic Union (EEU) on Friday outlined the initiative, which has been under discussion by the Eurasian Economic Commission (EEC) and the executive body of the EEU bloc. Cuba has proposed to the bloc the loan of a 50-hectare (123 acre) plot of land for 50 years to create an industrial park in the Mariel special economic zone. According to the EEU, there are prospects of extending the deeds. The Director of the EEC's Integration Development Department, Goar Barsegyan, has considered the initiative "potentially attractive." Barsegyan said in a statement that this park would mean a greater opening of the Cuban market to companies from EEU nations, allowing them to enter other Latin American markets. Such a deal will allow the EEU to set up manufacturing in the industrial park, make direct investments, and close deals handling general management of the facility by itself. Cuba propone crear un parque industrial en su territorio, según la Comisión Económica Euroasiática.
Twitter: El parque estará en la zona especial "Mariel". La CEE dijo que su apertura hará más accesible el mercado cubano a empresas de la UEEA e ingresar a mercados latinoamericanos. — Fausto Félix (@FaustoCambio21) September 2, 2022
According to the Eurasian Economic Commission, Cuba proposes to create an industrial park in its territory. The park will be in the special area "Mariel." The EEC said its opening will make the Cuban market more accessible to EAEU companies and enter Latin American markets. The director recognized that Russian and Belarusian companies, which "are traditionally represented" in the Mariel zone, have had a positive experience. This "comprehensive mechanism for deepening trade and economic ties between the EEU countries and Cuba" will make it possible for interested companies from other countries of the bloc to work in the Cuban market actively, Barsegyan said. Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia currently comprise the economic union, of which Cuba became a full observer in 2020.
Eurasian Economic Union (EEU) http://www.eaeunion.org/?lang=en
“The Eurasian Economic Union is an international organization for regional economic integration. It has international legal personality and is established by the Treaty on the Eurasian Economic Union. The EAEU provides for free movement of goods, services, capital and labor, pursues coordinated, harmonized and single policy in the sectors determined by the Treaty and international agreements within the Union. The Member-States of the Eurasian Economic Union are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation. The Union is being created to comprehensively upgrade, raise the competitiveness of and cooperation between the national economies, and to promote stable development in order to raise the living standards of the nations of the Member-States.”
Wikipedia: “The Treaty on the Eurasian Economic Union was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan, and Russia, and came into force on 1 January 2015. Treaties aiming for Armenia's and Kyrgyzstan's accession to the Eurasian Economic Union were signed on 9 October and 23 December 2014, respectively. Armenia's accession treaty came into force on 2 January 2015. Kyrgyzstan's accession treaty came into effect on 6 August 2015. Moldova was granted Observer Status in April 2017. Uzbekistan and Cuba became observer members on 11 December 2020. After the presidential elections in December 2021, Uzbekistan is expected to obtain full membership by 2022 or 2023.”
