Cuba-China '07 trade ties up 23%
- Cuba-China '07 trade ties up 23%
Tue, 01 Jan 2008 09:27:42
Cuba and China have increased trade ties to more than $2 billion in 2007,
making China the second-largest trading partner of Cuba.
Trade between the two countries totaled $1.8 billion in 2006 - double that
of 2005, China's ambassador to Havana said in March. It had a 23-percent
growth in 2007.
Chinese goods are increasingly common on the island, and hundreds of
Chinese-made buses and trains have helped ease chronic transportation
problems, especially on long-distance routes.
China is also the top importer of Cuban products, especially nickel and
Trade figures between the two countries also include billions of dollars in
favorable credits that Beijing has extended to Havana in recent years.
After China, Venezuela is the third largest economic benefactor of Cuba,
sending 92,000 barrels per day of oil to the country.