CUBANET ... CUBANEWS

November 21, 2000



Cuba's Alarcon urges Japan to expand direct investment

Japan Times. Wednesday, November 22, 2000 .

Ricardo Alarcon, visiting chief of the Cuban national assembly, on Tuesday called on Japan to boost bilateral trade and invest more in the Caribbean country.

Alarcon, who is visiting at the invitation of the Diet, said in a meeting with Foreign Minister Yohei Kono that his country has been trying to raise foreign direct investment since 1993 as part of its efforts to improve the economy. He said Cuba wants Japanese companies to increase investments, government officials said.

Alarcon has held important diplomatic posts in the Cuban government and is seen as a potential successor to Cuban President Fidel Castro, along with Vice President Carlos Lage and Castro's brother, Raul Castro. Alarcon's visit follows Lage's official visit to Tokyo last month.

Kono said he expects to see an improvement in bilateral trade ties, as the two countries will hold a bilateral business forum of Japanese trading companies and Cuban trade officials in January in Tokyo, the first in 14 years, the officials said.

Progress in bilateral economic relations has been improving since a November 1999 trade mission led by Hiroshi Mitsuzuka, head of the Japanese-Cuban parliamentary league, visited Cuba with some 60 Japanese businesspeople. Japan and Cuba subsequently reached an agreement on rescheduling Cuba's short-term official debts to the Japanese government.

Kono said these efforts by politicians and private-sector entities will help improve bilateral ties.

Alarcon also called for cultural and sports-related exchanges to be enhanced, the officials said.

The Japan Times (C) All rights reserved

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