Vice Minister of Economy: Cuba has focused a strategic look on MSMEs

During the Economic Conference- Productive Cuba 2021 , the Deputy Minister of Economy and Planning, Johana Odriozola Guitar, pointed out that the Island has focused a strategic look at Micro, Small and Medium-sized enterprises ( MSMEs ).

“We have evaluated that we should take the Micro, Small and Medium Enterprises and in general the actors from a strategic point of view. The strategic perspective for us is that MSMEs in Cuba fulfill one of these three functions: that they contribute to the productive transformation of the country, that can be inserted in the international markets due to the export need that we have and that can increase the satisfaction of the population ”, he highlighted at the conference Transformation of the country’s economic actors.

“For us it is important that it means transforming the productive matrix of a country, it means that new industries have to be born, that we have to join services or the production of goods that did not exist until now, to increase the satisfaction of the needs of the population and to also insert ourselves intentionally. ”

The deputy minister characterized Decree Law 46 of MSMEs, on which she expressed contains a consistent with the regulation of other economic actors , the need to regulate a type of subject that does not exist in Cuban practice and For the first time in the legal system an economic actor is regulated that responds to different forms of property, including private, state and mixed.

“But we will have to gradually work on public policies that promote technology-based MSMEs, those of innovation or that promote MSMEs with a export vocation. We have to think about public policies that design incentives so that our SMEs are not subsistence. ”

During the exchange, Odriozola Guitar explained that MSMEs are not subordinate to any body , body or entity and they can contract in equal conditions, goods and services with the other subjects of the economy and are responsible for their tax, credit obligations , labor and environmental.

At the event, which was attended by Joel Queipo Ruiz, Member of the Secretariat and Head of the Economic Department of the Central Committee of the Party , it was known that more than 500 applications have been received for the creation of Micro, Small and Medium Enterprises, and to date have passed 104.

See also

MSMEs I: The hand of the State

(With information from Radio Rebelde )