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Mexico Strengthens Trade with Cuba, Seeks Investment Opportunities

By: PanAm Post Staff - May 28, 2014, 12:13 pm

EspañolCuba and Mexico signed an agreement on Monday during the opening of a ProMéxico office in Havana in an effort to strengthen trade relations and cooperation programs. ProMéxico is the Mexican federal agency responsible for strengthening the participation of the country in the international economy.

“This will relaunch relations … to allow more Mexicans to come to Cuba and more Cubans to go to Mexico. May more business arise between our two countries for the benefit of both nations,” said ProMéxico’s CEO, Francisco González, after signing the document with the Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca.

Roberto Verrier, director of the Center for the Promotion of Foreign Trade of Cuba (CEPEC), stated, “This cooperation agreement is very important within the framework of the new foreign investment law and the creation of the Special Development Zone,” referring to the free trade zone in Mariel’s port, 50 miles west of Havana.

González will lead a group of 60 Mexican businessmen visiting the island in search of business opportunities under the new Cuban economic reforms. Mexico is one of the island’s leading trade partners in Latin America after Venezuela and Brazil.

Source: El Nuevo Herald.