HAVANA, Cuba (AFP) — Italy’s Prime Minister Matteo Renzi arrived in Cuba Wednesday for the first-ever visit by an Italian head of government, seeking a trade foothold as the communist island renews ties with the US and Europe.
Renzi, who is traveling with a large delegation of business executives and investors, will meet with Cuban President Raul Castro and seek to boost Italy’s presence in the tourism, restaurant, construction, recycling and renewable energy sectors, Italian press reports said.
Cuba, which depends heavily on oil imports, is looking to increase the share of renewables in its energy mix from 4.3 per cent to 24 per cent by 2030.
And Italy, which is in the midst of a renewable energy boom, thanks largely to generous state subsidies, is keen to strike partnerships in the sector.
Italy is currently Cuba’s eighth-largest trade partner and an increasingly popular destination for Italian tourists: arrivals are up 34 per cent so far this year, to 77,000 — the fifth-highest number of any country.
