India seeks to strengthen economic ties with Cuba

India seeks to strengthen economic ties with Cuba
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First Published: Wed, Feb 14 2007. 04 36 PM IST
Updated: Wed, Feb 14 2007. 04 36 PM IST
AFP
Havana:India wants to strengthen economic ties with Cuba that already include the oil and biotechnology sectors, the visiting Minister of State for External Affairs Anand Sharma has said.
Sharma said the two sides were exploring new bilateral contracts and reviewing their relations.Sharma heads the Indian delegation to an intergovernmental meeting that opened on 12 February.
On the opening day, Sharma underscored “his country’s willingness to increase economic and cooperation relations” with Cuba “to raise them to the rank of the political relations,” the state newspaper Granma said.
“Our two countries have worked together in multilateral forums and also have worked very strongly in mutual interests,” the Indian minister said.
The head of Cuba’s foreign investment and economic cooperation, Marta Lomas, said that the commission “will renew major bilateral accords, mainly in the areas of science and technology,” and will analyse “proposals of bilateral accords with the aim of reciprocal promotion and protection of investments.”
Lomas also called for compromise between the Cuban and Indian delegations to achieve results in their talks “in the right direction.”Cuba and India have close political ties in various international forums, particularly in the United Nations and the Non-Aligned Movement. Cuba has held the NAM presidency since September and has reaped thousands of dollars in bilateral contracts in oil and biotechnology.
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First Published: Wed, Feb 14 2007. 04 36 PM IST