HAVANA, Sept. 15th The European Union (EU) launched Tuesday (14) in Havana a US$1.8 million project financed by France to mitigate the impact of climate change in coastal areas of central Cuba. Read more
Tag Archive for: France
HAVANA, Feb.1th Cuba’s Communist President Raul Castro starts his official trip to Paris on Monday, his first-ever state visit to Europe, seen as a key step in rebuilding his island nation’s ties with the West.
The Cuban leader is due to receive a grand welcome by President Francois Hollande under the Arc de Triomphe, decked out in Cuban colours, at the top of the Champs Elysees avenue.
The 84-year-old Castro is on his first official trip to the European Union since taking over from his elder brother Fidel in 2006, and has been in the French capital since Saturday for a private visit. France has led the way in welcoming Cuba back into the diplomatic fold since it restored relations last year with its longtime foe, the United States.
Hollande has described the visit as “a new stage in the strengthening of relations between the two countries”, building on his own state visit to Cuba last May, the first by a Western head of state in more than half a century.
Castro is the second former pariah to be welcomed to Paris in a matter of days, after Hollande hosted Iranian President Hassan Rohani last week. “This visit is important for Cuba’s image,” said Eduardo Perera, an international relations expert at Havana University. “It will undeniably make Cuba shine on the international stage.”
Havana hopes the visit will allow Cuba to “widen and diversify its relations with France in all possible areas — politics, economics, trade, finance, investment, culture and cooperation,” said Rogelio Sierra, Cuban deputy foreign minister.
Although Washington has yet to lift its half-century trade embargo on Cuba, US and European businesses are jockeying for a place in the market as the island’s economy gradually opens up. Hollande urged an end to the blockade, which was imposed in 1962, on his Havana visit.
Trade delegations have been flocking to Cuba, hoping to cash in on its highly trained workforce and natural assets such as its sun-drenched Caribbean beaches, a draw for tourists.
Cuba, meanwhile, needs to tap new sources of income as its main ally and financial backer, Venezuela, is mired in economic and political crisis. Castro is expected to sign an “economic roadmap” with France, according to officials in Paris, as well as deals on transport and tourism.
Trade between the two countries currently adds up to around $195 million (180 million euros), which is “not in line with our ambitions,” France’s minister of state for foreign trade Matthias Fekl told L’Humanite newspaper.
The French trip is the first by a Cuban head of state since Fidel Castro visited then president Francois Mitterrand in 1995. Raul Castro will hold talks with Hollande at the Elysee presidential palace and attend a state dinner before meeting various French officials on Tuesday.
France recently engineered an agreement among the Paris Club of international creditors to write off $8.5 billion of Cuba’s debt. It could now agree to further debt relief, potentially widening Cuba’s access to international financial markets.
Paris is also taking a leading role in strengthening Cuba’s political ties with Europe as a whole. Human rights remains a sensitive issue, with international authorities accusing the Castros of repressing and harassing their political opponents.
A diplomatic source in Paris said human rights “will be discussed” during the bilateral talks. Hollande faced criticism from rights groups after meeting with Fidel Castro last year.
There were also demonstrations against Rohani’s visit last week, though Hollande hailing a “new relationship” after sealing a slew of lucrative trade deals drawn up after nuclear sanctions on Iran were lifted.
HAVANA, Jan. 30th — Raul Castro is coming to France for the first-ever state visit of a Cuban president to the land of wine and gastronomy, a trip that could boost French investments and promote stronger economic, cultural and tourist ties between Paris and Havana.
Castro is to arrive Saturday for the private part of his trip ahead of his official visit on Monday and Tuesday, landing only eight months after French Socialist President Francois Hollande’s one-day stop in Havana. The two leaders are to have dinner at the Elysee palace on Monday night.
“This visit marks a new step in the development of a stronger relationship between the two countries,” the French presidency said.
Castro’s visit also comes two months after the Paris Club of creditor countries forgave $8.5 billion of overdue Cuban interest payments in exchange for Cuba’s promise to pay off $2.6 billion in loans from developed countries over the next year and a half.
France, to which Cuba owed $4 billion in overdue loans, led the creditors’ negotiations. The deal was hailed by both sides as an essential step in clearing the path for Cuba to regain access to international credit that had been long unavailable due to the overdue loans.
The U.S. maintains an economic embargo against Cuba and is not among the creditor nations.
France hopes to see some business partnerships flourish in Cuba in tourism, transport and environmental industries in the wake of the normalization of the country’s ties with the U.S.
“The agreement at the Paris Club is paving the way for a bilateral agreement with France” to be signed Monday, a top French official said Friday.
Cuba’s remaining debt to France amounts to $390 million (360 million euros). With this new bilateral deal, part of the money would be reinvested in development projects on the island, another French diplomat said.
The two countries are expected to announce the opening of the French Agency of Development’s office in Havana. The agency is a specialized financial institution that can make loans to public and private actors to support bilateral development projects.
The two French officials spoke on condition of anonymity because they were not authorized to disclose any details ahead of the visit.
Cuba’s debt to France has not been honored since the 1980s, when Socialist President Francois Mitterrand and his wife Danielle openly supported the Cuban government.
France has called for the lifting of the U.S. embargo since 1991. Former Cuba President Fidel Castro, brother of Raul, came to Paris on private visit in 1995 and met with Mitterrand at the Elysee palace.
Some commercial deals are expected to be signed on the sidelines of Raul Castro’s visit.
French companies already working with Cuba — such as Pernod Ricard beverages, the hotel company Accor, the Bouygues construction group and the shipping group CMA CGM — could get new development opportunities.
Castro’s trip to Paris comes only few days after the visit of Iranian President Hassan Rouhani — another effort by French government to boost investments in an economy crippled by decades of sanctions until the Tehran nuclear deal last year.
HAVANA LIVE is a Website with daily coverage that provides cutting-edge information about Cuba and especially about its capital. Through our platform it is possible to have an approach to the most popular arteries, places and protagonists of the Greater Antilles, especially we focus on making visible their cultural heritage, gastronomy, history, events, etc. All with accurate and updated information, a modern and creative design and high-quality photos resulting from the work of a small team of professionals.
Subscribe to the Newsletter
The form does not work? Follow THIS FORM, please.