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July 22, 2017

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China, Cuba to intensify bilateral trade as Havana meets debt repayment plan

HAVANA -- Cuba will intensify its economic ties with China, having met payments on its debt with Beijing, its second largest trade partner, Vice President Ricardo Cabrisas announced on Thursday.

Speaking on state-run television, Cabrisas said Cuba is committed to "strict compliance of our financial obligations with China, including those related to the rescheduling of our debt."

Cabrisas, who gave no details about the size of Cuba's debt with China, made his remarks after the conclusion Wednesday of the latest round of bilateral trade talks. China's growing investment in Cuba can be seen in the context of helping Cuba's domestic development, the minister said.

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