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CARICOM, Cuba sign new trade agreement

Wednesday, February 08, 2017

GEORGETOWN, Guyana (CMC) — The Guyana-based Caribbean Community (CARICOM) Secretariat says the 15-member regional integration movement has reached an agreement with Cuba on the expansion of preferential access to each other’s markets.
In a brief statement, the secretariat said that the agreement was reached during the 10th meeting of the Joint Commission established under the Trade and Economic Cooperation Agreement between CARICOM and Cuba held in Guyana late last month.
“A significant number of items from the Community, including beer, fish and other agricultural products, and manufactured goods, have been approved for entry into the Cuban market free of duty once both sides formalise the agreement.
“CARICOM member states have also agreed to grant duty-free access to Cuban goods, including pharmaceuticals. More developed countries (MDC) in the community will also determine the level of preference they will grant to Cuba on a number of other items,” the secretariat said.
It said the agreement also includes a number of items on which each MDC will determine the level of preference it will grant to Cuba.