Economic ties between Cuba and Australia are likely to be expanded in the sectors of renewable energy, agriculture, livestock, pharmaceutics, mining and oil prospecting, as analyzed by government authorities from the two countries.

Economic ties between Cuba and Australia are likely to be expanded in the sectors of renewable energy, agriculture, livestock, pharmaceutics, mining and oil prospecting, as analyzed by government authorities from the two countries.A bilateral business forum held at Havana’s Hotel Nacional provided room for the talks, which were headed by Andrew Robb, special representative from the Australian government, and Orlando Hernández, president of Cuba’s Chamber of Commerce.

Despite the long geographic distance, the affection between the two peoples is mutual and Australia has always admired the Cuban people for their ability to cope on their own under any circumstances, said Robb.

The process for the updating of the Cuban economic model and the new Cuban foreign investment law make the island a much more attractive market destination for foreign investors, he noted.

Robb, who is also the Minister of Trade, commented that the process toward the normalization of relations between Cuba and the United States continues to attract the world’s attention and is a factor to be taken into consideration.

He also praised Cuba’s ever increasing international prestige in financial terms after having renegotiated the debts with its main creditors, including the Paris Club, of which Australia is a member country.

Robb sustained that his country is willing to become an attractive trading partner for Cuba, because the possibilities exist for the two countries to develop joint projects in tourism, livestock and agriculture, and infrastructure related to that sector.

He also referred to business opportunities in energy and mining with the supply of technologies and environmental practices of proven effectiveness.

The conditions are favorable for creating joint ventures in agriculture, one of Australia’s leading fields given the rapid implementation of technological innovations in that sector, the Australian representative noted.

Economic ties between Cuba and Australia are likely to be expanded in the sectors of renewable energy, agriculture, livestock, pharmaceutics, mining and oil prospecting, as analyzed by government authorities from the two countries.As for tourism, Robb said his country is interested in helping to improve the Cuban tourist infrastructure, as a significant increase in tourist’s arrivals is expected to occur in the coming years.

Similarly, he praised Cuba’s achievements in health, which include the development of research works and some medicines that are produced no where else in the world.

These achievements are undisputable, added the official while reiterating the Australian interest in supporting medical research on tropical diseases. The quality of some products for treating cancer and diabetes is praiseworthy, he added.

Robb and his delegation were welcomed by the Vice President of Cuba’s Council of Ministers Ricardo Cabrisas, according to an official note.

The meeting also analyzed the steps required for the formalization of the agreements reached with the Paris Club and ad hoc groups.

Those negotiations should create the conditions for strengthening trade and investments, the article concluded.

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