Cuban and Portuguese entrepreneurs sign business memorandum


Entrepreneurs from Cuba and Portugal signed a memorandum of understanding on Tuesday to boost joint business interests, according to a press release published on Twitter.

The directors of the Center for the Promotion of Foreign Trade and Foreign Investment (ProCuba) and the Portuguese Investment and Foreign Trade Agency (AICEP) signed the digital text, which will serve as a tool to expand commercial ties between both nations in the next two years.

The document was penned by ProCuba Director Roberto Verrier, and AICEP Director Luis Castro, and will improve the conditions of revitalization of business cooperation and bolster foreign investment between both countries.

The adoption of this memorandum is considered an example of what can be achieved in crisis conditions, such as those faced at the international level.

Portugal traditionally supports Cuba in its condemnation of the US economic, commercial and financial blockade against the country and ratifies its rejection of the activation of Title III of the Helms-Burton Act, and is among the 10 European countries that export to Cuba.

The ties between Havana and Lisbon are reinforced in all areas, while Portugal contributes to political dialogue and cooperation between Cuba and the European Union.

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