AIRLINK 70.80 Decreased By ▼ -2.26 (-3.09%)
BOP 4.99 Decreased By ▼ -0.10 (-1.96%)
CNERGY 4.32 Decreased By ▼ -0.05 (-1.14%)
DFML 31.50 Decreased By ▼ -0.95 (-2.93%)
DGKC 76.96 Increased By ▲ 1.47 (1.95%)
FCCL 19.76 Increased By ▲ 0.24 (1.23%)
FFBL 35.11 Decreased By ▼ -1.04 (-2.88%)
FFL 9.13 Decreased By ▼ -0.09 (-0.98%)
GGL 9.92 Increased By ▲ 0.07 (0.71%)
HBL 113.72 Decreased By ▼ -2.98 (-2.55%)
HUBC 132.96 Increased By ▲ 0.27 (0.2%)
HUMNL 7.05 Decreased By ▼ -0.05 (-0.7%)
KEL 4.35 Decreased By ▼ -0.06 (-1.36%)
KOSM 4.35 Decreased By ▼ -0.05 (-1.14%)
MLCF 36.61 Increased By ▲ 0.41 (1.13%)
OGDC 134.26 Increased By ▲ 0.76 (0.57%)
PAEL 22.56 Decreased By ▼ -0.04 (-0.18%)
PIAA 24.87 Decreased By ▼ -1.14 (-4.38%)
PIBTL 6.51 Decreased By ▼ -0.04 (-0.61%)
PPL 116.84 Increased By ▲ 1.53 (1.33%)
PRL 26.50 Decreased By ▼ -0.13 (-0.49%)
PTC 13.85 Decreased By ▼ -0.25 (-1.77%)
SEARL 52.58 Decreased By ▼ -0.87 (-1.63%)
SNGP 68.77 Increased By ▲ 1.52 (2.26%)
SSGC 10.64 Decreased By ▼ -0.06 (-0.56%)
TELE 8.54 Increased By ▲ 0.12 (1.43%)
TPLP 10.94 Increased By ▲ 0.19 (1.77%)
TRG 61.90 Decreased By ▼ -1.97 (-3.08%)
UNITY 25.04 Decreased By ▼ -0.08 (-0.32%)
WTL 1.29 Increased By ▲ 0.02 (1.57%)
BR100 7,457 Decreased By -4.1 (-0.06%)
BR30 24,148 Decreased By -23.1 (-0.1%)
KSE100 71,187 Increased By 84.1 (0.12%)
KSE30 23,417 Increased By 22.2 (0.09%)

imageMADRID: Political opening in Cuba is "inevitable" although the pace of reform in the Communist island nation is uncertain, Spain's foreign minister said in an interview published Sunday.

"That the economic opening will translate into a political opening is inevitable," Foreign Minister Jose Manuel Garcia-Margallo told the conservative daily newspaper ABC.

"Another thing is the speed at which this will take place, and this is something that depends fundamentally on the regime," he added.

Cuba approved a foreign investment law a year ago, dangling steep tax cuts and investment security in the hope of luring badly-needed capital.

Business interest in Cuba has boomed since December, when the United States and Cuba announced a historic rapprochement, ending five decades of enmity between the Cold War foes.

"There will be more information, more people will go to Cuba, more tourists. And they will go out more, they will travel. As a result, they will get to know other realities and that will favour the political opening," the minister said.

The number of Cubans travelling abroad surged by 23.7 percent last year to 355,000, according to official statistics published earlier this month.

Cuba eased travel restrictions in 2013, allowing Cubans to legally visit other countries, after being strictly imposed following the Cuban revolution.

Garcia-Margallo said there needs to be "national reconciliation, fundamentally in Cuba and also with Cubans in the diaspora" as well as an amnesty for dissidents.

"And then there should be democratic elections where everyone is accommodated," he added.

Four centuries of Spanish colonial rule ended in Cuba in 1898 with the Spanish-American War, although Spaniards continued to predominate among the island's wealthy landowners until the 1959 revolution.

Spain is Cuba's third-largest trading partner and its largest European investor, according to Spain's foreign ministry.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.