Last updateMon, 16 Feb 2015 1pm

Mexico welcomes Obama’s bold move to embrace Cuba

Political analysts have signaled that the agreement to restore diplomatic ties between the United States and Cuba could have positive economic consequences for Mexico. 

President Enrique Peña Nieto spoke with Cuban President Raul Castro on the phone and congratulated him following the announcement. The University of Guadalajara – a long-time supporter of the Castro regime – issued a statement thanking both governments for making “the decision to overcome the tensions and difficulties of their shared past.”

Cuban and Mexican relations have improved in recent years after over a decade of distance during two successive National Action Party (PAN) administrations. This is in part driven by commerce, which increased in 2010 and 2011 and has remained stable since.

Peña Nieto further strengthened ties by visiting the island and condoning 70 percent of its debt to Mexico.

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