Mexico analyzes new investment possibilities and trade agreements with Cuba

Mexico City.- Mexican President Claudia Sheinbaum stated this Monday that her government is analyzing new investment possibilities and trade agreements with Cuba following the recent economic opening decided by Havana, in a context of sustained humanitarian support to the island and amid Washington’s energy blockade. During her morning press conference, the Mexican ruler assured that her government is exploring the possibility of expanding its business presence on the island based on the decision of the Cuban Government to open more sectors of its economy. “So, that means there may be investments in Cuba from private companies, or cooperation with joint ventures. So, we are working on it and seeing what development possibilities there are with that,” he asserted. According to the president, in these conversations participate, in addition to the Mexican Agency for International Development Cooperation (Amexcid), the Ministry of Finance, National Bank of Foreign Trade (Bancomext) and other institutions of the federal Government.

Mexico’s Support Policy

Sheinbaum’s statements come after months in which Mexico has reinforced its political and humanitarian support for Cuba. In January and March, Sheinbaum reiterated that her country would continue sending assistance to the island and defended bilateral cooperation as a sovereign decision. He also pointed out that there is an operational representation of Amexcid in Cuba to facilitate the arrival of support.

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“In order to facilitate humanitarian arrival and work has been done on the shipment of both food and other supplies required by the Cuban people,” he said. The president placed this announcement in continuity with the support policy that Mexico has maintained in recent months towards the island, amid the Cuban economic and energy crisis. Furthermore, the president indicated that at the recent Summit for the Defense of Democracy, held over the weekend in Barcelona (Spain), there was consensus on the need to maintain support for Havana. “(At the summit) we (all governments) also agreed on the importance of continuing to provide humanitarian aid to Cuba,” he concluded.