Cuba and China explored new opportunities today to expand their economic and commercial ties during a trade and investment forum held in Beijing. Attended by officials from both countries and representatives from the business sector.
The meeting was attended by Cuban Foreign Minister Bruno Rodríguez. Serving as a special envoy for the Communist Party and the government of the island nation. And Deputy Prime Minister Oscar Pérez-Oliva Fraga, who also heads the Ministry of Foreign Trade and Foreign Investment.
Cuban diplomatic officials in China, including Ambassador Alberto Blanco. As well as business leaders from both nations, were also present.
Ren Hongbin, Chairman of the China Council for the Promotion of International Trade. Highlighted the potential for bilateral economic cooperation and the willingness of Chinese companies to strengthen their ties with Cuba.
He noted that China has become the island’s primary trading partner. Specifically pointing to growth in Chinese exports of electromechanical products to Cuba. As well as the presence of Cuban goods, such as rum, honey, and seafood in the Chinese market.
The Chairman of the China Council noted that China’s economy grew by 4.6 percent during the first three quarters of the year. A result that, he stated, creates favorable conditions for expanding cooperation with its trading partners.
He also invited Cuba to participate in the fifth China International Supply Chain Expo, scheduled for next June in Beijing. With the aim of fostering industrial collaboration and technological exchange.
For his part, Pérez-Oliva Fraga outlined the economic transformations currently underway in Cuba. As well as the 176 measures approved to advance this process.
The Deputy Prime Minister noted that these changes are taking place amidst an accelerated energy transition. While also denouncing the impact of the U.S. blockade, financial persecution, and the energy-related restrictions imposed on the island. In this context, he stated that the Cuban government is determined to streamline and simplify the procedures for establishing foreign investments.
Among the priority sectors, he mentioned energy, agribusiness, food production, biotechnology, banking, digital platforms, tourism, real estate development, and infrastructure.
The Cuban official also highlighted biotechnology as a successful area of bilateral cooperation, noting more than two decades of joint work.
During the forum, participants invited business leaders to attend the fifth China International Supply Chain Expo (CISCE), scheduled for June 2027 in Beijing.
Cuba has participated in three consecutive editions of this event—known by the acronym CISCE. Which promotes industrial cooperation, the integration of supply chains, and business-to-business exchange.
Beijing and Havana maintain a multisectoral partnership characterized by mutual support on issues of core interest to each side. A high level of bilateral political trust, and a commitment to building a China-Cuba community with a shared future.
With information from Prensa Latina
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