Categories: Trade Relations

Spain’s Prime Minister Visits Cuba

Spanish Prime Minister Pedro Sanchez will make an official visit to Cuba this Thursday. It is the first such visit by a Spanish leader in 32 years despite Spain’s position as Cuba’s second biggest trade partner after Venezuela. Havana is in the process of developing closer ties with the European Union (EU).

As relations with Washington have soured, Havana has sought new allies within the EU as well as fortifying existing trade relations with other countries.

The Spanish leader’s visit follows closely on the heels of a meeting which took place this week between Vice-President of the Council of Ministers, Ricardo Cabrisas, and Stéfano Manservisi, Director General for Cooperation and Development of the European Commission.  The official meeting is a part of the Political Dialogue and Cooperation Agreement for stronger ties with the EU (signed last year).

While in Havana, Prime Minister Sanchez will meet with Cuban President Miguel Diaz-Canel.

Advertisement. Scroll to continue reading.

Sanchez will also meet with Spanish business leaders and a business forum consisting of approximately 200 companies from both countries including Telefonica and Iberia Airlines.

Spain is one of the largest foreign investors in the tourism and financial services sectors of the Cuban economy.

The Spaniards hope to increase investment in tourism, renewable energy and infrastructure in Cuba, the Spanish government said.

Cuba is seeking expansion of foreign investment as its economy has suffered from the crisis in Venezuela, its biggest trading partner and oil provider, and the consequences of the U.S. embargo against the Island.

Advertisement. Scroll to continue reading.

Sanchez will also discuss the issue of debt repayment by Cuba to Spain.

According to the Spanish government, Sanchez will also meet with artists including the writer, Leonardo Padura, and graphic artist and designer Idania del Rio.

Share
Published by
Cuba Business Report Staff

Recent Posts

Cuba Joins the BRICS New Development Bank

In a move with both economic and geopolitical significance, Cuba has officially joined the New…

2 weeks ago

Cuba’s International Tourist Arrivals—June 2025

Cuba’s tourism sector, long a vital part of the island’s economy, is experiencing mixed fortunes…

2 weeks ago

Cuba Amplifies Voice of the Global South at BRICS 2025 in Brazil

Cuba took center stage at the 17th BRICS 2025 in Rio de Janeiro this weekend,…

1 month ago

FIHAV 2025 Set for this November

Cuba has confirmed the 41st edition of the Havana International Fair (FIHAV 2025) will take…

1 month ago

WestJet CEO Meets with Cuban President Amid Hopes for Expansion of Passenger Flights to Havana

WestJet CEO Alexis von Hoensbroech met Wednesday with Cuban President Miguel Díaz-Canel in Havana, a high-level meeting…

2 months ago

Cuba Expands Solar Parks as Energy Deficits Persist

Cuba is ramping up efforts to address energy shortages through the expansion of photovoltaic solar…

2 months ago