President of the T&T Manufacturers’ Association (TTMA) Tricia Coosal has met with Cuban Ambassador Tania Diego Olite to discuss trade and other related matters.
She noted that the TTMA continues to drive its export manufacturing strategy via meetings with key stakeholders such as the Cuban Embassy.
Expressing confidence that Cuba is a market of great potential for the TTMA, Coosal said members are aware of the sometimes unique challenges of this market.
Open dialogue via meetings with the embassy is key to developing solutions that are of mutual benefit, she said.
The TTMA added that it will continue have discussions with the Cuban Mission in T&T to foster potential relations that would redound to the benefits of both countries, be it in trade (exports and imports in goods and services), investment (joint ventures and other collaborations) and even technical assistance.
“Cuba has participated in TTMA’s Trade and Investment Convention and is eager to do so once again. TTMA is in discussion with the embassy to create other avenues for exchanges that will be beneficial to both parties,” Coosal added.
There exist presently a Cuba-CARICOM Trade and Economic Agreement framework which ensures Caricom countries and Cuba enjoy a tariff- free export regime between partners on in a number of goods and items.
TTMA emphasised that it firmly believes that the Cuban market, which can be considered relatively untapped, is a worthy trade destination, both for exporting goods and services as well as sourcing destination for inputs of raw material for manufacturing.
TTMA is encouraging members interested in the Cuban market to get in touch with its trade unit at firstname.lastname@example.org or email@example.com.