China, Cuba in tobacco deal
China National Tobacco Corp and leading Cuban cigar maker Habanos SA has signed a letter of intent on increasing Cuba’s cigar exports to China. China National Tobacco Corp General Manager Ling Chengxing and co-presidents of Habanos SA, Inocente Nunez and Luis Sanchez-Harguindey, signed the document in Havana. According to the agreement, Habanos SA can provide assistance to cigar production in China while expanding its cigar sales in the Asian market. “With the support of the Cuban side and the Chinese side, and the Chinese and Cuban people, I am sure that Cuban tobacco is going to do very well in China,” said Ling.