Cuba, Mexico Sign Agreement on Economic Cooperation

Cuba, Mexico Sign Agreement on Economic Cooperation

May 26, 2014 | 5:39 pm

By the Caribbean Journal staff



Cuba and Mexico have signed a new agreement on economic cooperation,

Cuba's government announced on Monday.



The purpose of the agreement between Cuba and ProMexico, Mexico's

investment promotion arm, was for "strengthening economic relations"

according to the government.



It was officially signed by ProMexico and Cuba's Centre for the

Promotion of Foreign Trade and Foreign Investment at the Miramar Trade

Centre in Havana.



In a statement, Cuba said the signing "confirmed [its] willingness to

relaunch bilateral ties," following up on a meeting between Mexico

President Enrique Peña Nieto and Cuba President Raul Castro in January

in Havana.



In March, Cuba passed a new law in aimed at promoting foreign investment

in a bid to continue its transition to what Castro called last year a

"less egalitarian, but more fair" economic model.



ProMexico Director General Francisco Gonzalez is currently leading a

large Mexican delegation on the island including eight government

officials and 60 businessmen.



Source: Cuba, Mexico Sign Agreement on Economic Cooperation -

http://www.caribjournal.com/2014/05/26/cuba-mexico-sign-agreement-on-economic-cooperation/