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Monday, 11 January 2016

Raul Castro Meets with German Vice Chancellor

German Vice Chancellor Sigmar Gabriel, met in Havana with Cuban President Raul Castro on Friday, to close his three-day visit to the Caribbean island, reported dpa news. Gabriel, also Germany’s economy minister, was with Castro during the afternoon at the Palace of the Revolution in Havana. The meeting took place in a “cordial atmosphere”, according to Cuban state television, which gave no further details. The top official arrived in Havana on Wednesday heading up a delegation of 60 business persons from his country. (...) On the business delegation that accompanied Gabriel were representatives of large firms such as Volkswagen, Siemens and Bosch, as well as numerous small and medium size business people from Europe’s leading economy. Trade between Germany and Cuba is low compared with the commercial relations of the island with other European countries like France or Spain. Some 50 German companies are currently operating in Cuba. In 2014 Germany exported goods to the island for a total of 224 million euros (240 million dollars) and received Cuban imports with a value of 33 million euros (35 million dollars). For several years now, Cuba is implementing a series of market reforms hoping to overcome its prolonged economic crisis. The Castro government seeks to attract foreign capital as part of these measures.

Source: Havana Times