Tokyo, Feb. 15 (Bloomberg) -- Japan resumed export credit insurance for Cuba, which has been suspended since the mid 1980s, after a rescheduling agreement covering about $120 million of the country's short-term debt, the Financial Times said, without citing sources. Cuba earlier this month paid about $2 million, which allowed Japan's Ministry of International Trade and Industry to resume the coverage. While Japan used to be Cuba's biggest trading partner outside of the Soviet bloc, trade between the two nations has dropped to a sixth of the levels of 1974 and 1975, when it amounted to more than $600 million, the paper said.

The case of Elian Gonzalez, a Cuban 6-year old refugee in the U.S., has brought new attention to relations between the U.S. and Cuba.

(The Financial Times 2/15 p9)

Feb/14/2000 20:14

(C) Copyright 2000 Bloomberg L.P.

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