Guide to Importing and Exporting with Cuba

Imports and Exports Situation

The Cuban economy is dependent not only on tourism but also on the export of raw materials for various industries.

The country is also very famous for its cigars, which are exported in large quantities.

Before setting up trade with Cuba though, it is important to keep in mind some regulations that apply to importing and exporting and other trade activities in Cuba.

The first factor to keep in mind is that importing goods into Cuba can only be achieved by joint ventures that have a permit to import that particular item.

To obtain this permit, importers and exporters will have to appoint an agent who will be able to obtain a license that will allow them to receive or send goods; these agents will not have the authority to distribute the goods.

All imported items into the country must follow customs regulations.

Obtaining and preparing the correct documentation is a crucial step since the government is very strict about the paperwork involved with importing into Cuba.

Exporting goods from Cuba has similar restrictions; however, since this industry boosts the economy, the regulations for the export of raw materials are somewhat relaxed.

The Cuban authorities make it a point to check various safety standards, labels, sanitation, and packaging, and it is necessary to comply with all these regulations and standards if you want to export goods into the country.

Rules and Regulations

It is worth taking note of the latest regulations from the Cuban government.

Some of the latest rules in relation to exports and imports are as follows:

EXPORT AND IMPORT SYSTEM ARTICLE 26

1. Joint ventures, national and foreign investors which are parties to international economic association agreements and totally foreign capital companies shall be entitled, in accordance with the provisions set for such purposes, to directly export and import whatever is needed for their operation.
2. Joint ventures, the parties to international economic association agreements, and totally foreign capital companies shall preferably acquire goods and services in the domestic market, which will be offered with the same quality, price, and delivery terms as compared to those offered at the international market.

Further Resources

• You can find out about the latest trade opportunities from our business section including on specific UK trade and USA trade information in direct relation to Cuba.
• If you are looking for a Freight Forwarding or shipping company for Cuba, the UK company RSJ International Freight is one company that deals with the country. Contact Bob at RSJ via: Bob.Feltham@rsj-international.co.uk
• Business Opportunities in Cuba will only grow in the coming years as restrictions continue to become more relaxed. A must-read is the Law on Foreign Investment.