BCN-23 Spain to strengthen economic cooperation with Cuba

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ZCZC

BCN-23

SPAIN-CUBA-ECONOMY

Spain to strengthen economic cooperation with Cuba

HAVANA, Nov. 24, 2018 (BSS/Xinhua) – Spanish Prime Minister Pedro Sanchez
said here Friday that his government will continue to invest in Cuba and
contribute to the economic development of the island nation.

Speaking at the opening ceremony of a business forum, the Spanish leader
said Spain will not slow down its investment in Cuba despite the economic
challenges facing the Caribbean country.

Sanchez was accompanied by Cuban President Miguel Diaz-Canel.

Noting that Spain is Cuba’s third largest trading partner, Sanchez said
that past obstacles and current difficulties are not going to prevent the
growth of trade and investment between the two countries.

Spanish companies can lend their expertise in areas such as renewable
energy, transport and infrastructure, and they could play a key role in
Cuba’s economic takeoff, he said.

Sanchez’s trip is the first by a Spanish prime minister in 32 years.

The two-day business meeting brings together almost 300 Spanish
entrepreneurs from around 100 companies to explore new areas of cooperation
with their Cuban counterparts.

Cuban Vice President of the Council of Ministers Ricardo Cabrisas said
current Cuba-Spain relations are at a “very positive moment” witnessing
political and economic dialogues at its highest level in decades.

“This important visit by the Spanish prime minister after more than 32
years marks a new stage and relaunches our ties in different sectors,
including economic and commercial cooperation,” he added.

On Friday, Sanchez also toured Old Havana, along with the city’s historian
Eusebio Leal, where he appreciated the work to restore Spanish-era colonial
buildings and houses.

During his stay in Cuba, the Spanish head of government will also host a
meeting with Cuban intellectuals, artists, entrepreneurs, religious and civil
society members.

BSS/XINHUA/HR/1315