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Cuba, DPRK sign protocol on cooperation in bilateral trade

The trade agreement envisions barter exchanges of commodities and opens up the road for exports of North Korean railway technologies and equipment for sugar refineries

HAVANA, January 29. /TASS/. Cuba and the Democratic People's Republic of Korea on Thursday signed protocols on cooperation in foreign trade, research and technologies, Cuban mass media said.

The documents were signed by the Cuban Minister of Foreign Trade and Investment and the DPRK ambassador to Cuba.

The trade agreement envisions barter exchanges of commodities and opens up the road for exports of North Korean railway technologies and equipment for sugar refineries.

The two sides hope the package of agreements will assist development of healthcare, education, culture, sports, and agriculture.

After the signing of the documents that took place in the mansion of the Ministry of Foreign Trade and Investment, Minister Rodrigo Malmierca Diaz said Havana had a firm political will to develop relations with the DPRK, while Ambassador Pak Chang Yul gave the assurances he was satisfied with the signing of the documents and the consolidation of ties between the North Korean and Cuban governments.

The two countries established diplomatic relations on August 28, 1960. They cooperate at present in the oil industry, agriculture and trade.

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North Korea Cuba

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