Geopolitics

Cuba Signs ‘Belt and Road’ Agreement With China

By Frank Fang, Epoch Times

Cuba and China have signed a cooperation plan to push forward construction projects under Beijing’s controversial overseas infrastructure program, the Belt and Road Initiative (BRI), which has saddled many participating countries with heavy debt loads.

The Chinese Embassy in Cuba announced the agreement on its website on Dec. 26, saying that the deal was inked two days earlier by He Lifeng, head of China’s top economic planning agency, the National Development and Reform Commission, and Cuban Vice Prime Minister Ricardo Cabrisas.

The agreement implemented a memorandum of understanding the two nations signed in 2018, when Cuba agreed to become a BRI participating nation.

Under the agreement, the two nations aimed to work together on projects in several key sectors, including communications, education, health and biotechnology, science and technology, and tourism, according to the Agencia Cubana de Noticias news agency.

The Chinese Embassy also stated that a timetable and a roadmap had been proposed to implement the projects, without giving details.

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Categories: Geopolitics

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