Cuba-China Agreements Foster Economic Relations

The signing of these accords reaffirms the willingness of both governments to strengthen and expand bilateral relations

China and Cuba signed five agreements geared toward strengthening trade and economic ties at the island’s Ministry of Foreign Trade and Investment.

The documents include framework agreements for China to provide concessional lines of credit for the repair and modernization of Cuba’s Electronics Industry Enterprise; an accord to expand the production of solar panels at the Ernesto Che Guevara Electronic Components Entity in Pinar del Río; and the launch of the fifth phase of the Technical Assistance for Agriculture in Cuba Project.

The agreements were signed by Cuban Minister of Foreign Trade and Investment, Rodrigo Malmierca; and Chen Xi, ambassador of the People’s Republic of China on the island.

Xi also presented Cuba with a donation of one million USD to support recovery efforts in areas affected by Hurricane Irma.
In this same vein, China sent more humanitarian aid to the Caribbean nation, including supplies for power generators, water pumps and purifiers, sheets, towels, and folding beds, among other equipment and products.

“We want to work together with the Cuban people in their recovery, given the ties that unite us and go beyond the financial aspect,” stated Chen.

Malmierca thanked China for its support and solidarity. The signing of these documents reaffirms the willingness of both governments and peoples to strengthen and expand bilateral economic and commercial relations, and in so doing give continuity to various projects.