The Panamanian president, Juan Carlos Valera, ratified at the closing of an enterprise forum in Havana his nation’s decision to stand alongside Cuba until justice has been attained by the lifting of the economic, financial and commercial blockade imposed for an excess of 50 years on the island by the U.S.

The Central American nation’s Head of State closed the meeting during which both sides identified common trade interests and addressed bilateral economic relations.

The Panamanian president, Juan Carlos Valera, ratified at the closing of an enterprise forum in Havana his nation’s decision to stand alongside Cuba until justice has been attained by the lifting of the economic, financial and commercial blockade imposed for an excess of 50 years on the island by the U.S.Expanding on the issue, Valera stressed the importance of trust and confidence, values that Cuba had instilled in its people and shown in each of the country’s decisions. 

Projects such as the Mariel Special Development Zone (ZEDM in Spanish), which – as had been demonstrated at the last Summit of the Americas - are acts of faith in the future country and the region, were exemplary in this regard.

Varela recalled that during that encounter, differences had been set aside and sights were focused on the common goals of regional and social well-being and peace. He explained how two processes had clearly emerged from the forum.

One was the political rapprochement between Cuba and the U.S. in which he reiterated that Panama would stand by Cuba’s side until the very end, thanks to the existence of a solid, trusting and sovereign identification.

He said that Panama would also accompany Cuba in the second task; the rekindling of the economy and foreign investments. Panama is willing to fight alongside Cuba for the promotion of fair and integrationist trade.

The Panamanian president, Juan Carlos Valera, ratified at the closing of an enterprise forum in Havana his nation’s decision to stand alongside Cuba until justice has been attained by the lifting of the economic, financial and commercial blockade imposed for an excess of 50 years on the island by the U.S.During his visit, the Central-American leader also announced his intention to initiate a secure investment treaty for Panamanian investors, as other countries have, which facilitates access to Cuba to third country business interests, for a promising future and an increased number of Panamanian tourists, business persons, professionals and students in Cuba and viceversa.

The president added that this expression of trust will be beneficial to both peoples, who are writing a new history of social peace, integration and well-being, in contrast to conflicts in other parts of the world.

During the course of the forum, representatives of the Cuban business sector presented information about the list of business o p p o r t u n i t i e s in Cuba and the complimentary legal framework for the protection of foreign investments on the island.

In light of the facilities offered by the island to enterprises, Panamanian officials and businessperson expressed their willingness to support the growth of economic and commercial relations with Cuba.

Meliton Arrocha, the Isthmian nation’s Minister of Industry and Trade, examined the mechanisms, opportunities and the efforts of the Cuban Government and people to enhance commerce and their economic capabilities with other countries.

He said that the present value of bilateral trade was in excess of 100 million dollars per year, but that both nations had the potential to increase this, particularly on the basis of the logistical platform provided by both Panamanian ports and that of Mariel, for the enhancement of efficiency, the offer of cheaper products, the creation of wealth and the generation of exports to third countries.

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