Ooh La La. Cuba Courting French Investors

We generally think of Cuba as the reclusive, insular and totally self sufficient Caribbean nation who does everything by itself, for itself. Its own market for its own goods. Well, its time to widen your view.

Within the last 2 weeks Cuba’s government met with representatives of the Movement of French Enterprises (MEDEF), as the nation seeks to increase the numbers and presence of French businesses operating in the island. Apparently the French delegation was most interested in “learning about the perspectives and new investment opportunities in areas such as energy, oil, sugar, communications, tourism and construction, among others.”

The meeting however is not indicative of  any new policy in the country on foreign investors. In fact Cuba’s relationship with MEDEF dates back to 1994. Additionally, France is Cuba’s 4th highest ranking trading partner.