Cuba and China: A New Impulse for Trade

At the headquarters of the Cuban Ministry of Foreign Investment and Economic Cooperation (MINVEC), Ramón Ripoll, the first deputy director of that office, and Ma Xihuong signed the final agreements of the 21st Session of the Cuban-Chinese Intergovernmental Commission for economic and commercial relations.

Representatives of both countries signed other documents such as the Memorandum of Understanding between the Ministry of Finance and Prices of Cuba and the Imports Export Bank of China (EXIMBANK), as well as other contracts for the supply of nickel and sugar by the island, and the delivery of galvanized roofing materials by China to Guantánamo Province.

In statements to the press, Ma Xihuong highlighted that Chinese President Hu Jintao’s visit to Cuba will give a tremendous impulse to the amplification of cooperation and will deepen the economic and commercial ties between the two countries.

Likewise, prior to the event, final documents were executed relating to the fourth and second work meetings for the development of biotechnology and investment.

Regarding this, the Chinese official commented that cooperation in biotechnology —a sector that constitutes a priority for her country— “Has been quite successful.” She underlined that both nations still have good perspectives for the future and great potentials to explore.

Also present at the meeting were Ricardo Cabrisas Ruiz, the vice-president of the Council of Ministers and co-chair of the Cuban-Chinese Intergovernmental Commission; Rodrigo Malmierca, minister of Foreign Investment and Economic Collaboration; and Zhao Rong Xian, the ambassador of the Popular Republic China to Cuba, among others.


(Juventud Rebelde)