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Cuba and China sign important
financial agreement
LAST week, Tang Rouxin, president
of SINOSURE, the Chinese enterprise for securing
export credits, completed his visit to Cuba.
SINOSURE is the official agency
that guarantees financing for Chinese exports, with
a growing volume of annual transactions in world
trade, more than $22 billion in 2005.
As a result of his visit, a
memorandum of understanding was signed between
SINOSURE and the Cuban party, via which an important
financial framework has been established for
covering the dynamic growth of trade between Cuba
and the People’s Republic of China.
For the Cuban side, the document
was signed by Ricardo Cabrisas, minister of
government, and Francisco Soberón, minister
president of the Central Bank of Cuba, in the
presence of Fidel Castro, president of the Councils
of State and Ministers, who also endorsed the
agreement with his signature.
At the request of the Chinese
side, the document literally expresses the great
importance that the Cuban president has conceded to
paying financial commitments with China and the
satisfaction of the Chinese party through the
rigorous fulfillment of all payment obligations by
the Cuban side. |
