BBC News Online.
Thursday, 31 May, 2001, 03:11 GMT 04:11 UK
The government of Mexico has signed an agreement with Cuba to promote
bilateral investment, in spite of United States attempts to discourage
investment in the communist island.
After signing the deal in Mexico City, the Cuban Minister for economic
co-operation, Marta Lomas, said the agreement would grant Mexican investors
legal protection against the possible implementation of US legislation known as
the Helms-Burton law.
This penalises companies that invest in property confiscated from US owners
after the Cuban revolution. Mexico is Cuba's top trading partner in Latin
America, and ranks among the country's top ten foreign investors.
From the newsroom of the BBC World Service | 