Cuba and China Plan to Expand Economic and Trade Relations

Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz, who is concluding an official visit to this country, and his Chinese peer Gao Huchen defended here to increase economic and trade relations. This is an expression of maturity that characterizes the relations between both nations that reached their 55th anniversary this year, according to a press release by the Cuban embassy in China.

The Final Accord, signed by both ministers, planned the economic, trade, financial and cooperation relations for the 2016-2020 period.

Both sides welcomed with satisfaction the opening soon of a direct flight by the airline Air China that will link Beijing and Havana.

The Cuban side announced its willingness to start a gradual use of the Chinese currency in the bilateral trade in 2016, something that shows the strategic nature of the relations between both countries.

After the official talks, several agreements, related to renewable energies and Cuban nickel exports, were signed.

Malmierca held separate meetings with the president of China Export and Credit Insurance Corporation, Wang Yi; the governor of China Development Bank Corporation, Hu Huaibang; the president of the Civil Aviation Administration, Li Jiaxiang and the vice president of the National Commission on Development and Reform, Lin Nianxiu.