Connect with us

Hi, what are you looking for?

Trade Relations

Japan Donates $10 Million to Cuba

japan-cuba-trade

Japan has donated the sum of 1.5 billion yen (US$10 million) to Cuba for the purchase of special equipment to be used for communal services in Havana. The agreement was formalized at a signing ceremony by Masahisa Sato, Japan’s Minister of State for Foreign Affairs, and Antonio Luis Carricarte, Cuba’s Deputy Minister of Foreign Trade and Foreign Investment (MINREX). Japan’s contribution will form part of an extensive aid program aimed at the development of the Caribbean nation which, in turn, will strengthen economic ties between the two nations. The donation consists of non-reimbursable financial assistance granted by the Japanese government to assist in the collection and disposal of solid waste, tools and equipment. Japan and Cuba have held bilateral relations since 1961.  Japan has been very interested in assisting Cuba in development in areas such as  technical cooperation, environment, cultural donations and community projects for human security.Advertisement. Scroll to continue reading. Japanese Prime Minister Shinzo Abe made an official visit to Cuba in September of 2016.  During his visit, the Prime Minister held meetings with President Raúl Castro Ruz and other government officials.  It was the first visit by a Japanese prime minister to Cuba. In March of last year,…

TO READ THE FULL STORY:

Unbiased reporting on economic news and business developments in Cuba by industry sector

Related News:

Foreign Investment in Cuba

Cuba Initiative Celebrates 25 Years The Caribbean Council, a consultancy and membership organization, will be hosting the Cuba Trade and Investment Mission, June 17...

Infrastructure

The Russians have signed an agreement with the Cubans to upgrade the Island’s railway system. Ricardo Cabrisas Ruiz, Vice President of the Council of...

Tourism

Cruises companies and people to people travel have been hit hard by the Trump administration. Major new travel restrictions on visits to Cuba by...

Trade Relations

Council of Ministers Vice President Ricardo Cabrisas is currently on an official visit to Moscow to hold a series of meetings. During his stay...

error: This content is copyright protected.