Saturday, March 29, 2008

Turkey - Cuba 8th Term Jec Protocol Signed

Turkey - Cuba 8th Term Jec Protocol Signed
Published: 3/27/2008

ANKARA - Turkish State Minister & Deputy PM Cemil Cicek and Cuban
Minister of Foreign Investment & Economic Cooperation Marta Lomas
Morales signed Turkey-Cuba 8th Term Joint Economic Commission (JEC)
protocol on Wednesday.

Under the protocol, the second loan tranche --which was provided by
Turkish Eximbank to Cuba and worth of 15 million Euro-- was opened to
use of Cuba. The total worth of the loan is 25 million Euro.

Cicek said that the protocol envisages cooperation between Turkey and
Cuba to explore and product natural gas and oil in third countries. He
added that also the two countries will start to cooperate in renewable
energy, energy productivity, wind and sun energy, and biogas areas.

Cicek noted that they envision to send a Turkish contractor delegation
to Cuba within 2008.

On the other hand, Cuban minister Morales said that the protocol will
further develop the relations between Turkey and Cuba.

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