Connect with us

Hi, what are you looking for?

Trade Relations

Germany and Cuba Discuss Increasing Commercial Ties

AnaTeresitaGonzalez with Heidrun Tempel
Cuba's First Vice Minister of Foreign Trade and Foreign Investment and the German Ambassador, Heidrun Tempel. Photo courtesy: Twitter account of the Minister @AnaTeresitaGF

Ana Teresita González, First Vice Minister of Foreign Trade and Foreign Investment and the German ambassador, Heidrun Tempel, met in Havana to discuss increasing economic and commercial ties between the two countries.

Ms. González tweeted, “We value the progress of economic, commercial and cooperation relations between the two countries, their potential and the possibilities of increasing links with German entrepreneurs.”

Last year, the first German company PASI Mariel Service, S.A. (PAMAS, S.A.) was approved to operate as a user at the Port of Mariel Special Development Zone.

The PAMAS factory will produce and assemble industrial valves, hydraulic and pneumatic systems, dynamic equipment and parts.

In October 2018, Germany opened a trade office in Havana to facilitate German companies in trade and investment projects on the Island.

There are several German-funded regional development projects in the fields of renewable energy, climate change mitigation and environmental protection in Cuba. In addition, a number of German NGOs operate in Cuba in the energy and water supply sectors, and adult education.

Germany and Cuba share a number of cooperation agreements in culture, science and research and academic exchanges funded by the German Academic Exchange Service. An independent Goethe Institut can also be found in the country.

In 2016, German-Cuban bilateral trade figures stood at 225 million euros ($244.22 million).

There are a number of large German corporations that hold agreements and are involved in business and investment with Cuba.

Advertisement. Scroll to continue reading.
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Related News:

Trade Relations

The Vietnamese President, Nguyen Xuan Phuc arrived on an official visit to Havana today. This article takes a look at current trade between Vietnam...

Trade Relations

On an official visit to Mexico, Cuban President Miguel Diaz-Canel further affirmed an already strong relationship with that nation. He and the accompanying delegation was...

Trade Relations

The Chamber of Commerce of the Republic of Cuba (Cámara de Comercio de Cuba) will take part in the Germany-LATAM 2021 (Expo Allemania) virtual...

Energy & Environment

Despite the limitations of the Covid pandemic, Germany and Cuba continue developing bilateral relations in key sectors of the economy of the Island. This...

error: This content is copyright protected.