UK entrepreneurs reaffirm willingness to enhance business cooperation with Cuba

UK entrepreneurs reaffirm willingness to enhance business cooperation with Cuba

HAVANA, June 18th  Cuban and British entrepreneurs on Monday reaffirmed their mutual interest in economic cooperation, despite the United States’ ongoing sanctions against the Caribbean island.

During the opening speech of a two-day business forum at Havana’s National Hotel, Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca said that local authorities in Cuba have been taking measures to attract foreign investors, which would give Cuba access to modern technology and help expand the export of goods manufactured in Cuba to the international market.

He said that the meeting itself demonstrates the determination of both sides to enhance economic and commercial relations.

On behalf of the British business delegation, Lord David Triesman of the Cuba Initiative expressed his confidence in the success of doing business with Cuba, particular in the arts and sports fields.

Concerning the U.S. threats to foreign investors in Cuba based on Title III of the Helms-Burton Act, Triesman said, “We must understand Cuba’s priorities because they will be our clients. We must look for new methods for bilateral business.”

The Cuba Initiative is a working group created in 1995 at government level by Havana and London, with the aim to strengthen economic and trade links between both countries.

The forum, attended by a delegation of about 30 British entrepreneurs, will last until Tuesday. It includes the presentation of Cuban projects for joint ventures in areas such as tourism, agriculture, financial services, oil and gas.