Havana - Chinese company Tiajin Dongxing Industrial is committed to increasing its relationship with Cuba, and after 20 years of sustained ties with the island, it plans the creation of an International Economic Association (AEI).

Expanding its links and investing in the island through an AEI along with the Industrial Company Angel Villarreal Bravo (Minerva), is an opportunity to keep the market updated with the latest models of mechanical and electric bicycles, told Prensa Latina the president of the Asian company, Yumpu Wei.

The project is designed for the production of about 30,000 bicycles per year, an amount subject to changes in correspondence with market needs, he said.

We intend to transform the plant into a productive base with export potential; a bridge to reach other Latin American countries, the association will allow the import and export without using marketers.

The relationship with Cuba began in 1997, said Wei, as a supplier through a contract with Minerva to trade spare parts, then expanded their interests and began cooperative production. Currently, they manufacture mechanical, electric bicycles and expanded to other models such as the cargo tricycle.