Cuba Expands Int’l Economic Relations Despite US Blockade

Paris, Jul 24.- Cuba expanded and diversified in recent years its international economic relations, despite that the economic, financial and commercial blockade imposed by the United States on Cuba still remains.

This was expressed by Cuban Minister for Foreign Trade and Foreign Investment, Rodrigo Malmierca, in the context of an official visit to France that ends today.

President Barack Obama approved some measures that go in the right direction, but they are insufficient, because the blockade remains, Malmierca stressed during a presentation to French businessmen.

Malmierca emphasized that the president has many powers to try to weaken the blockade or empty it of content through executive measures. There are many American companies interested in doing business with the Caribbean nation and also exert pressure in that sense.

I can assure you that Cuba, even in a scenario without blockade, will never abandon its traditional partners. The island would do business with the United States, but within a strategy of diversification of our international economic relations, he stressed.

The official said that during the months passed since President Raul Castro and Obama announced the decision to work to normalize relations, a series of things happened.

The last one was the reopening of embassies on July 20. The most important thing in this whole process is that Washington recognized the failure of the policy that, trying to isolate Cuba, continues for more than 50 years, he said.

Malmierca stated that the efforts the Caribbean nation is doing to improve its international economic integration go through the promotion of foreign investment and a stronger dynamics in foreign trade with several partners.

He also referred to the progress in updating the Cuban economic model, a process preceded by a broad discussion with the population; the foreign investment law approved by the Parliament and the complementary standards, which offer greater guarantees and many incentives to foreign capital.

The Mariel Special Development Zone is another attraction for foreign investment.(Prensa Latina)

Radio Cadena Agramonte, July 24, 2015

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