Sunday, October 6, 2013

What's the T&T-Panama Partial Scope Agreement?

The Trinidad and Tobago-Panama Partial Scope Agreement (PSTA) to be signed this week in Panama city will promote the expansion of trade in goods between both countries. 

The Agreement allows preferential rates for 230 products from Trinidad and Tobago to enter the Panamanian market and 248 Panamanian products to enter this country. 

The T&T products include chewing gum, peanut butter, doors and windows, building blocks, bitumen and aerated water. 

Trinidad and Tobago’s manufacturers would benefit from reduced tariffs in a selected number of goods such as citrus fruits, aerated waters, aromatic bitters and petroleum products.

The Ministry of Trade, Industry and Investment, through its export facilitation organization (ExporTT Limited) will have a display in Panama of 11 locally manufactured products, with export potential. 
These include products from KC Confectionery, Associated Brands Limited, Chief Brands Products, National Canners, Blue Waters, Penta, Santainers Limited, Rotoplastics, TYE Manufacturing, EIL/ Century Elson and Chemtrax.

Prime Minister Kamla Persad-Bissessar is leading the T&T delegation to Panama for the Signing Ceremony. Other members of the delegation include Foreign Affairs Minister Winston Dookeran, Ambassador Mervyn Assam and Norris Herbert, Director of Trade, Ministry of Trade, Industry and Investment.

Planning Minister Dr. Bhoendradatt Tewarie, representatives from the Ministry of Trade and representatives of ExporTT Limited will attend the ACF conference which has as it theme"The Human Imagination at work: Driving Competitiveness, Powering Innovation”.

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Jai & Sero

Jai & Sero

Our family at home in Toronto 2008

Our family at home in Toronto 2008
Amit, Heather, Fuzz, Aj, Jiv, Shiva, Rampa, Sero, Jai