London listed Leni Gas Cuba, the Cuban-specialist investment company, received its first import contract under the joint venture, struck last November, worth around $30,000.
Leni Gas said the deal, with trading company Groombridge Trading Corporation, was in the tourist sector and the joint venture is also in negotiation over a number of import further deals.
Last year the group inked a binding agreement to form a new unincorporated 50/50 joint venture.
The aim was to expand GTC’s existing business of supplying products, machinery and equipment to the fast growing Cuban tourism sector and exporting agricultural products and to assist it with its existing order book of imports for the hotels and tourism sector.
Executive chairman David Lenigas, said: “Cuba imports most of what it consumes and we see a bright future for this business as the economy grows.
“We expect many more import orders to be approved over the coming months, now that the Joint Venture has managed to successfully establish itself as a credible supplier to Cuba.”