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El Salvador and Cuba reach trade agreement. We will never again put our eggs in the same basket, says Cuban ambassador

Monday, September 19, 2011

Officials from El Salvador and Cuba concluded negotiations of a partial-reach agreement that promotes bilateral trade by providing import duty discounts for certain products, El Salvador’s economic minister announced in San Salvador.

The agreement is the last of many in a larger Cuban strategy to “never again put our eggs in the same basket,” said the Cuban ambassador in El Salvador, Pedro Pablo Prada Quintero. Over the past two decades, Cuba has signed partial-reach agreements with most Latin American nations.

Trade between the two countries has ranged between $4 million and $5 million per year recently.

Original source: Cuba Standard