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Cuba, EU Close to New Bilateral Agreement

European Commission Director for the Americas and chief negotiator Christian Leffler, right, greets Cuba's Deputy Minister Abelardo Moreno before the start of their meeting in Havana, Cuba, March 4, 2015.

Cuba and the European Union are close to a deal on a new bilateral agreement, which would improve relations that have been chilly for decades.

Cuban and EU officials made the announcement Friday after two days of talks and two years of negotiations. The agreement, while not yet complete, will cover politics, commerce and aid.

Cuban Deputy Foreign Minister Abelardo Moreno told reporters the agreement could be ready by the March 10-11 visit to Havana by the European Union's foreign policy head, Federica Mogherini.

That visit by Mogherini will immediately precede the visit to Cuba by President Barack Obama, the first U.S. president to visit the island since 1929.