CORITON is not afraid of U.S. sanctions and a large number of products are about to sail to Cuba on cargo ships

In May 2019, CORITON and the Cuban state-owned Medical Equipment Import and Export Group once again reached an annual purchase framework agreement for a new batch of medical carts. All products are expected to arrive in Havana, the capital, by cargo ship before the end of December. Since the United States has been subject to multiple U.S. sanctions, it has become increasingly difficult for Chinese companies to cooperate with Cuba. The Cuban market is relatively small. Many domestic companies have given up on the Cuban market in order to avoid offending the United States or because they are unwilling to spend energy solving various difficulties such as payment, shipment, and bank due diligence. The first thing to face is the problem of payment collection. Due to U.S. sanctions, it is unlikely that U.S. dollars will be used in transactions with Cuban customers. Most of the world's European and American, Hong Kong, and China…

Background

CORITON: In May 2019, CORITON and the Cuban state-owned Medical Equipment Import and Export Group once again reached an annual purchase framework agreement for a new batch of medical carts. All products are expected to arrive in the capital Havana by freighter before the end of December. Since the United States has been subject to multiple U.S. sanctions, it has become increasingly difficult for Chinese companies to cooperate with Cuba. The Cuban market is relatively small, and many domestic companies are unwilling to expend energy to resolve payments in order to avoid offending the United States…

In May 2019, CORITON and the Cuban state-owned Medical Equipment Import and Export Group once again reached an annual purchase framework agreement for a new batch of medical carts. All products are expected to arrive in the capital Havana by freighter before the end of December.

As the United States has been subject to multiple sanctions from the United States, it has become increasingly difficult for Chinese companies to cooperate with Cuba.

Key information

• CORITON: In May 2019, CORITON and the Cuban state-owned Medical Equipment Import and Export Group once again reached an annual purchase framework agreement for a new batch of medical carts. All products are expected to arrive in the capital Havana by freighter before the end of December. Since the United States has been subject to multiple U.S. sanctions, it has become increasingly difficult for Chinese companies to cooperate with Cuba. The Cuban market is relatively small, and many domestic companies are unwilling to expend energy to resolve payments in order to avoid offending the United States…
• In May 2019, CORITON and the Cuban state-owned Medical Equipment Import and Export Group once again reached an annual purchase framework agreement for a new batch of medical carts. All products are expected to arrive in the capital Havana by freighter before the end of December.
• As the United States has been subject to multiple sanctions from the United States, it has become increasingly difficult for Chinese companies to cooperate with Cuba.

What this means for medical device customers

It reflects CORITON's ongoing work in medical trolley design, quality management, compliance documentation, global service and practical customer support.

FAQ

Who should read this update?

Medical device manufacturers, distributors, OEM project teams, hospital procurement teams and partners evaluating medical carts, mounting systems or regulatory support from CORITON.

Why is this relevant to CORITON customers?

It reflects CORITON's ongoing work in medical trolley design, quality management, compliance documentation, global service and practical customer support.

News Code: KRT-N-5669