Chamber: MOU signing step forward for trade and investment /

The Trinidad and To­ba­go Cham­ber says the re­cent MOU sign­ing be­tween this gov­ern­ment and Guyana is a sig­nif­i­cant step for­ward for trade and in­vest­ment re­la­tions be­tween the two coun­tries and CARI­COM as a whole. 

The fol­low­ing is a press re­lease from the Trinidad and To­ba­go Cham­ber of In­dus­try and Com­merce:

The re­cent sign­ing of a Mem­o­ran­dum of Un­der­stand­ing by the Gov­ern­ments of Guyana and Trinidad and To­ba­go is a sig­nif­i­cant step for­ward for trade and in­vest­ment re­la­tions be­tween our two coun­tries and CARI­COM as a whole. The MOU, which is tar­get­ed at agri­cul­ture, food se­cu­ri­ty, en­er­gy, ed­u­ca­tion, na­tion­al se­cu­ri­ty and tourism, comes at a crit­i­cal time when the world is fac­ing threats to glob­al sup­ply chains, ex­treme weath­er events, se­cu­ri­ty is­sues and ris­ing costs of liv­ing.

As a pri­vate sec­tor or­ga­ni­za­tion that sup­ports re­gion­al trade and in­vest­ment, we rec­og­nize that one of the ma­jor pain points that must be ad­dressed is non-tar­iff bar­ri­ers (NTBs). To this end, we wel­come an as­sess­ment of iden­ti­fied NTBs and look for­ward to the find­ings as we move to­wards the re­al­iza­tion of the ob­jec­tives of the CARI­COM Sin­gle Mar­ket and Econ­o­my.

We are pleased that a high-lev­el Com­mis­sion to over­see the im­ple­men­ta­tion of the MOU will be es­tab­lished and will in­clude rep­re­sen­ta­tives of both the pub­lic and the pri­vate sec­tor. The glob­al trends that are pre­sent­ing chal­lenges to the re­gion are clear and we now have an op­por­tu­ni­ty to work to­geth­er for the sus­tain­abil­i­ty of the CARI­COM economies. The T&T Cham­ber stands ready to sup­port any ini­tia­tives in mak­ing this a re­al­i­ty. 

LINK ORIGINAL: The Trinidad Guardian