TIDCO SIGNS ON FOR CUBAN TRADE

In an attempt to foster and maintain strong investment ties with Cuba, TIDCO signed a trade and investment agreement with its Cuban counterpart, the Centre for Investment Promotions (CPI), at the Cuban Ministry of Trade and Investment  yesterday.

The agreement was signed by Vishnu Dhanpaul, Vice President, Trade and Investment at TIDCO and Aneiza Rodriguez, Director for CPI, at the trade mission exhibition, Melia Cohiba, Cuba. “This agreement will last in the first instance for two years and both parties have to be careful to ensure that confidentiality is honoured,” said Hayden Straker, Manager, Certified Division of Trade and Industry for TIDCO. Straker said the agreement will allow each side to get a first-hand view on how each conducts business.

The agreement will facilitate exchange of technical, economic and legal information along with the exchange of experiences in the field of investment.  It will also ensure the smooth running of trade and investment between the two countries, with input from both sides. Brian Charles, VP of Marketing for TIDCO, said in order for both countries to have fruitful business opportunities, this measure was needed. “Once the trade starts kicking in for the manufacturers, it will make the process easier because they will have more information available to them. The Centre has its own network of manufacturers, so a steady flow of information between them and our Trinidadian counterparts will take place,” said Charles. Yesterday was the third day of appointments for the manufacturers taking part on the trade mission. Many spent the day tying up their business connections and packing up their exhibition material to leave tomorrow night.