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10/24/08

Xinhua: Cuba, EU re-establish cooperative ties

For the complete report from the Xinhua click on this link

Cuba, EU re-establish cooperative ties

Cuban Foreign Minister Felipe Perez Roque and European Commissioner of Development and Humanitarian Aid, Louis Michel, signed a declaration on Thursday to restore the bilateral cooperation at the headquarters of the Cuban Foreign Ministry in Havana. During the meeting both sides hailed the restoration of the bilateral ties, which are based on the principle of reciprocal and non-discriminatory treatment, with respect for each other's sovereignty. Michel said he was pleased with the agreement, and reaffirmed the European Union (EU)'s intentions to strengthen ties with Cuba. He also announced an emergency aid worth 2 million euros (2.6 million U.S. dollars) to help Cuba recover from hurricanes Gustav and Ike, which have produced more than 5 billion dollars in losses.

The EU will also provide 25 million to 30 million euros (32.5 million and 39 million dollars) to Cuba from next year to rebuild schools and damaged houses.

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