Japan, Cuba vow to boost economic ties with more investment

Japanese Prime Minister Shinzo Abe and Cuban President Raul Castro agreed on Thursday to expand bilateral economic ties through increased Japanese investment in the Caribbean country and the cancellation of a major part of the debt it owes Japan, reported the Japanese news agency Kyodo on Friday.

During a meeting in Havana, Abe, who became the first Japanese prime minister to visit Cuba, also unveiled grants worth about 1.3 billion yen ($12.9 million) in medical aid to the country, according to Japanese officials.

Abe referred to a recent bilateral agreement for Japan to waive 120 billion yen of a 180 billion yen debt that Cuba owes Japan, the officials added.

Source: MENA