Beijing December 27,-- Cuba and China agreed today to work on the development of bilateral economic agenda for the period 2012-2016, on the basis of complementarity, said, Ricardo Cabrisas, vice president of the Council of Ministers, in Beijing.

This decision underlines the strategic nature of their ties, which were validated with the work of the twenty-fourth session of the Intergovernmental Commission, headed by Cabrisas and Chen Deming,Trade Minister of the Asian country, reports Prensa Latina news agency.

The senior Caribbean official stressed the importance of this step in bilateral relations with the difficult international economic situation, in which "we have witnessed how the cultured and civilized countries assumptions repress their outraged citizens in order to save the bankers." 

In this regard he said that currently there is a new division of the world, while natural resources are plundered and war becomes a business.

He warned that the recession is prolonging, increasing protectionism and restricting the transfer of high technology, while the issue of agriculture and food security is one of the most worrying problems for humanity.

These facts contrast with the efficient manner in which China is facing the impact of the international financial crisis on its economy and mitigating its impact, has said.

It has become (that country) a factor of stability and equilibrium, and its development represents an opportunity for the rest of the world, he said.

During the meeting both parties concurred that the recent creation of the Community of Latin American and Caribbean was a milestone in the process of regional integration and political cooperation, while the Cuban delegation reaffirmed its support for China's strategy of enhancing linkages with those areas.

In 2011 there were significant results in the bilateral ambit - said, Cabrisas- citing as an example the visit to Cuba by Xi Jinping, Chinese vice president in June, when the political dialogue was consolidated at the highest level, and 16 agreements were signed.

Cabrisas arrived in the Chinese capital on the 25th on an official visit and after chairing his country's delegation to the meeting of the Cuba-China Intergovernmental Commission for economic and trade relations. He has, on his agenda, meetings with the host authorities.(PL)