Tuesday, April 17, 2007

German minister calls for increased economic relations with Cuba

Gas World

Francesca Ross, Tuesday April 17th 2007 (Source: gasworld.com)

With companies such as Messer Group thriving in the Cuban economy, a member of one of the German state governments is calling for an expansion of German trade and economic relations with Cuba.

The minister visited Cuba accompanied by 27 businesspeople representing the areas of trade, energy, water resources, construction, ports, hotel industry, raw materials, recycling and tourism, and industrial production.

Germany is the seventh most important destination of Cuban exports and second in her imports from Europe. There are several joint ventures with German capital in Cuba, in the areas of industrial gases, transportation and construction and more are expected in the year 2007/2008.

Deputy Minister of Trade Pedro Luis Padron said the European Union was Cuba´s third most important trading partner at the end of 2006.

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