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Trade Relations

Mexico and Cuba Strengthen Relations with the Signing of a Trade Agreement

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Cuba and Mexico sign an agreement for trade, signalling a strengthening of relations. Image: Radio HC.

The Mexican ambassador to Uruguay, Víctor Manuel Barceló Rodríguez announced on his official Twitter account the signing last Friday of the Fifth Additional Protocol to the Economic Complementation Agreement No. 51 between his country and Cuba.

The agreement regulates trade between the two countries with the intention of simplifying the procedure for issuing certificates of origin on paper.

This signature will further intensify the important commercial relationship between the two countries, declared the permanent representative of Mexico before the Latin American Integration Association (ALADI), based in Uruguay. The secretary-general of this international organization, Sergio Abreu, witnessed the commercial regulation between Cuba and Mexico.

This agreement regulates trade between both countries with the intention of simplifying the procedure for issuing certificates of origin on paper.

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“In this regard, they agreed that the signature of the official of the Certifying Entity in the Certificate of Origin may be autographed, in facsimile or printed by other electronic means. Likewise, the seal of said Entity may be printed in ink, in images or printed by other electronic means, ” indicates the Latin American Integration Association (ALADI) on its official website.

The integration body expresses that the modification will take place from the signing of the referred Protocol, in addition it will facilitate the issuance and reception of the Certificates of Origin in a context affected by the Covid-19 pandemic and will be maintained until both countries have the technological conditions to implement the digital signature.

Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Ecuador, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela are the countries that comprise the Latin American Integration Association. The Treaty of Montevideo 1980 constitutive and regulatory global legal framework of ALADI was signed on August 12 in the same way, where some general principles registered on the official website of the said organization are established.

Among the principles, pluralism stands out in political and economic matters, differentiated treatment based on the level of development of the countries that comprise it, and various forms of agreement on trade mechanisms and instruments.

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This article was first published on Telesur. It has been translated by the staff of Cuba Business Report.

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