Arab Today, arab today france a quiet but significant presence in cuba
Last Updated : GMT 20:43:23
Arab Today, arab today
Arab Today, arab today

France, a quiet but significant presence in Cuba

Arab Today, arab today

Arab Today, arab today France, a quiet but significant presence in Cuba

Cuban President Raul Castro (R)
Havana - AFP

France, one of Cuba's leading economic partners, has forged close ties with the island, even if its commercial presence lags far behind that of Venezuela or China, countries close to the Cuban regime.

In 2013, French-Cuban trade totaled 278 million euros ($301 million in today's dollars), but it fell to 180 million euros in 2014 and probably a similar level in 2015, according to official French data.

The lower numbers are largely due to a drop in Cuban grain imports and the temporary suspension of a credit line guaranteed by Coface, France's export credit agency. That credit line was ultimately renewed during last May's visit to Cuba by French President Francois Hollande.

Rum accounts for about half of Cuban exports to France, which in turn mainly provides Cuba with wheat, agrochemical products and transportation equipment.

Some 60 French companies are active on the island, notably through various types of partnerships with Cuban state entities.

The companies are active in the key sectors of the local economy -- including agribusiness, tourism, the marine industry, construction, energy, industrial equipment and transport.

Among them are firms as prominent as Air France, Total, Bouygues and Pernod Ricard, the top French investor in Havana Club, a joint venture rum producer.

- Small French population -

France is the fourth-leading investor in the island, after Spain, Canada and Italy.

France and others in the Paris Club of wealthy creditor nations reached agreement with Cuba in December to cancel $8.5 billion in overdue interest on debt.

The French Development Agency (AFD), which finances projects to improve living conditions in other countries, is expected to rapidly resume its activity in Cuba, as promised by Hollande during his visit.

The French population in Cuba is fairly small. As of October 15, 2015, the number of French nationals registered with the consular section was 786, two-thirds of them living in the capital Havana.

The number of French tourists visiting the island, however, has been rapidly growing -- it was up 33 percent from 2014 to 2015 -- and French nationals rank fourth in number among all foreign tourists.

But with 117,000 annual visits, the French still trail far behind the Canadians, who represent more than one-third of the three million tourists who visit the island each year.

France also operates the only two foreign cultural centers authorized on the island -- the highly popular Alliance Francaise centers in Havana and in Santiago de Cuba, in the island's far east -- and they serve several thousand students.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france a quiet but significant presence in cuba Arab Today, arab today france a quiet but significant presence in cuba

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday