SAN JUAN – Trinidad and Tobago’s trade minister said on Wednesday that plans are underway to increase the volume of exports to neighboring markets such as Guyana, Suriname and Cuba.
The strategy calls for helping manufacturers and service providers penetrate regional markets both within and outside the 15-member Caribbean Community, Minister Paula Gopee-Scoon said in a statement.
“Quite simply, more exports mean more jobs, which, as we know, are needed more than ever in these challenging economic circumstances,” she said.
The minister said the government plans to activate a C$10 million ($7.5 million) line of credit to encourage local manufacturers to “export more to Cuba by overcoming credit risks.”
“Only this week we were witness to the first visit of a U.S. president to Cuba in almost 90 years – a powerful symbol which marks the beginning of a new era and the importance of the Cuban economy in the Americas,” Gopee-Scoon said.
The official said renewed U.S.-Cuba relations “will result in significant business and investment opportunities in the future, and we are well-positioned to take advantage of them.”