Tehran enters Cuba’s sugarcane industry renovation
Deputy minister of industry, mines and trade announced that Iran’s Industrial Development and Renovation Organization (IDRO) has entered discussions with Cuba to modernize and reconstruct the Latin American country’s sugarcane industries, calling the move a fundamental shift in developing Tehran-Havana economic ties.
Farshad Moqimi met on Tuesday with the head of Cuba’s Chamber of Commerce and an accompanying delegation during a joint session focused on modernizing and renovating Cuba’s sugarcane industries, IRNA reported.
“The project to modernize and reconstruct Cuba’s sugarcane industries could provide a strong foundation for future cooperation between the two countries,” Moqimi stated in the meeting.
Highlighting that “one of the best technical and executive teams has been assigned to this project,” he added, “There are no technical challenges in this sector.”
The head of IDRO emphasized that “securing financial resources is the most critical issue for implementing this project,” noting that “once this matter is resolved, the technical team will be dispatched to Cuba for further assessments.”
During the meeting, President of the Cuban Chamber of Commerce Antonio Luis Carricarte Corona stated, “Sugarcane and its industry are integral to Cuba’s identity and culture,” adding that, “Cuba’s public and private sectors will fully collaborate in executing this project.”
Under the proposed plan, two Cuban sugarcane factories will be modernized and reconstructed as a pilot initiative.