China and Trinidad and Tobago seeking to strengthen trade and investment relationship

Trinidad and Tobago and China will participate in a forum aimed at commemorating and further developing cooperation between the two countries, with the aim of deepening trade and investment ties in the future.

“Despite this time of unprecedented global turmoil, this particular forum is a declaration of the strong relationship between our two countries and the many possibilities that lie ahead in terms of trade, investment and economic cooperation. Trinidad • Tobago’s Minister of Trade and Industry, Paula Gopy-Scoon, spoke at the 2nd Trinidad and Tobago-China Investment Cooperation Forum.

The forum, held at the Chinese embassy, ​​provided an opportunity for the two countries to share investment opportunities in areas of mutual interest and strategic importance and build existing commercial ties, the statement said.

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Among the sectors identified are distribution and logistics, manufacturing, near-shoring, agriculture, agro-processing, agricultural technology, and new industrial spaces being developed under the Department of Trade and Industry to facilitate investments such as Phoenix. Said to include Park Industrial Park and Moruga Agricultural Processing and Light Industrial Park.

The statement underscored Port of Spain’s commitment to strengthening trade ties with China and the Far East, with Gopee-Scoon meeting Wednesday with China’s Ambassador Extraordinary and Plenipotentiary, Analisa Low. Facilitate trade and investment opportunities in Tobago’s China, South Korea, Vietnam, Philippines, Cambodia, Thailand and Malaysia.

The two leaders agreed on a work plan for activities to increase Trinidad and Tobago’s exports in Asia, in particular to attract additional investment from the People’s Republic of China at the Phoenix Park Industrial Park, which is scheduled to be completed later this month.

Chinese Ambassador to Trinidad and Tobago, Fang Qiu, underscored the strength of trade between the two countries, noting that annual trade between the two countries has exceeded US$1 billion over the past two years.

The diplomat said that in the first 11 months of last year, trade increased by 29.6% year-on-year to reach US$1.1 billion.



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