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Home»Finance»EU remains Cuba´s top trade partner, committed to ‘mutual respect,’ top diplomat says
Finance

EU remains Cuba´s top trade partner, committed to ‘mutual respect,’ top diplomat says

May 26, 2023No Comments2 Mins Read
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[1/3] EU Excessive Consultant for Overseas Affairs and Safety Coverage Josep Borrell talks with Cuban businessmen throughout an official go to to Cuba, in Havana, Might 25, 2023. REUTERS/Yander Zamora

HAVANA, Might 25 (Reuters) – The European Union´s prime diplomat stated in Havana on Thursday that the 27-member bloc stays Cuba´s prime commerce accomplice, and one dedicated to “mutual respect” regardless of U.S. sanctions and the communist-run island´s growing overtures in the direction of Russia.

EU international coverage chief Josep Borrell, throughout his first public look on a four-day journey to Cuba, advised a bunch of native entrepreneurs the European Union was additionally the second-largest supply of vacationers to Cuba, behind Canada.

“Regardless of all the restrictions [and] the restrictive measures of the U.S. blockade, which doesn’t make issues simple, we’re [Cuba´s] principal commerce accomplice,” Borrell stated.

The US imposed a commerce embargo on Cuba shortly after Fidel Castro´s 1959 revolution, a relic of the Chilly Struggle which continues to complicate monetary and banking transactions with the Caribbean island nation.

Such sanctions, Cuba says, have contributed to its latest drive to extend industrial and commerce ties with Russia, which has additionally confronted sanctions from each america and the European Union following its invasion of Ukraine.

Cuba has stated Russia will not be answerable for the Ukraine battle, blaming america as a substitute.

The EU´s Borrell, who spoke with entrepreneurs and fellow European diplomats Thursday, stated “it’s clear that we’re rather more necessary [in terms of trade] than different companions resembling Russia and China.”

He stated the EU accounted for about one-third of international commerce on the island, “versus 8% by China or 8% by Russia.”

Borrell introduced throughout his discuss with entrepreneurs a 14 million euro fund to assist promote small enterprise in Cuba, an indication of the EU´s “need to accompany Cuba in its technique of … financial and social reforms in a relationship of mutual respect,” he stated.

The European Union, a long-time commerce accomplice with Cuba, has beforehand expressed concern over human rights on the island following anti-government protests in July of 2021, the biggest such demonstrations in a long time.

Borrell stated on Thursday that he hoped to satisfy with Cuban officers to debate human rights earlier than the tip of 2023.

Reporting by Nelson Acosta; Enhancing by Dave Sherwood and Andrea Ricci

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