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T&T-Cuba trade continues to grow

Published: 
Sunday, June 24, 2018
Trade Minister Paula Gopee-Scoon and senior representatives of the trade ministry during their meeting with Cuba’s Vice Minister of Foreign Affairs Rogelio Sierra Diaz

Trade Minister Paula Gopee-Scoon recently met with Vice Minister of Foreign Affairs of the Republic of Cuba Rogelio Sierra Diaz to discuss among other things, opportunities for increased trade with Cuba. T&T is currently Cuba’s largest Caricom trading partner, recording 80 per cent of trade in the region.

Diaz indicated his visit was part of the active re-engagement of partners under the leadership of the country’s new president Miguel Diaz-Canel who was elected earlier this year. He indicated that Cuba recorded significant investment in 2017 in the Mariel Special Economic Development Zone which is a symbol of economic collaboration and continues to seek out new foreign investment.

At the meeting, Gopee-Scoon, expressed pleasure with the visit which she stated, demonstrates intensified relations with Cuba.

“Your market is important to us,” she added, “we do have a presence in Cuba and the increased connectivity by air with direct flights by state carrier Caribbean Airlines has increased access to tourists, business persons and valuable human resources and will further strengthen relations.”

The Minister emphasised that T&T continues to exercise strong fraternal relations with Cuba which commenced under the leadership of the country’s first Prime Minister Dr Eric Williams and which has continued with successive administrations. She affirmed that economic ties and trade and investment links continue to be strengthened and cited similarities in the economies of both countries which require an intensified drive to attract foreign investment.

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