|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Cuba

Cigar Lovers Gather in Havana amid Thaw in U.S.-Cuban Relations

HAVANA – The luxurious world of fine cigars has inaugurated the 18th Havana Cigar Festival in the Cuban capital amid a thaw in relations with the United States, the world’s largest consumer of premium cigars and a rich market where the prized smokes hand-rolled on the island are expected to take their place in the very near future.

“It’s the most important market in the world for premium cigars. We would be delighted to compete in that market when legal conditions allow,” the Habanos S.A. vice president of development, Javier Torres, said in a press conference on Monday.

Habanos, which organizes the festival every year, is a mixed company with equal shares owned by state-run Tabacuba and a subsidiary of Britain’s Imperial Tobacco Group, which markets in 150 countries the 27 brands of premium cigars hand-rolled in Cuba.

In the long term the company seeks to win a market share in the U.S. similar to what it has achieved worldwide: some 70 percent by units sold and 80 percent by value.

However, in the first years after an eventual raising of the U.S. embargo on the island it expects to start off with about 25-30 percent.

Though exports to the U.S. of this Cuban product are still banned, for the past year Americans traveling to the island have been allowed to return home with small amounts of Cuban cigars worth no more than $100, a “very modest” concession that “will have no impact on sales,” said Habanos vice president of marketing, Leopoldo Cintra Gonzalez.

This year the festival commemorates the 50th anniversary of its iconic Cohiba brand, an occasion for which the company has prepared the special Cohiba Medio Siglo version, adding it to other product launches this year, such as the 2012 Reserva Cosecha of the Hoyo de Monterrey brand, the new Magnum 54 cigar of the H. Upmann brand and the commemorative limited edition, the Cuaba 20 Aniversario.

In its 18th year, the Havana Cigar Festival brings together for five days some 1,500 distributors, specialists and lovers of Cuban cigars from more than 50 countries for a program of activities that includes visits to tobacco plantations in the Pinar del Rio region and to cigar factories, as well as the chance to attend master classes in hand-rolling cigars.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved