Fostering Economic Collaboration: Ghana and Trinidad and Tobago Explore Key Agreements
In a bid to strengthen economic ties, Ghana and Trinidad and Tobago are in discussions to establish agreements on double taxation and bilateral investment. This positive step follows a recent visit by a delegation from Ghana’s Investment Promotion Centre (GIPC) and Export Promotion Authority (GEPA) to representatives of Trinidad and Tobago’s Chamber of Industry and Commerce.
Identifying Key Sectors: Focus on Manufacturing and SME Collaboration
Recognizing potential partnerships, Ghana has identified the manufacturing industry as a prime area for collaboration with Small and Medium-sized Enterprises (SMEs) in Trinidad and Tobago. The nations are exploring opportunities for fruitful engagement in various sectors to enhance trade flows and mutual economic benefits.
Cultural Exchange on the Horizon: Inclusion of Trinidad and Tobago in “Taste of Ghana” Festival
Ghana and Trinidad and Tobago are set to embark on a unique cultural exchange. Agreements have been negotiated to include a Trinidad and Tobago steelpan band and masquerades in the 2023 edition of the “Taste of Ghana” festival, celebrating Ghanaian art and culture.
Ghana’s Commitment to Mutual Benefits: Adding Value to Raw Materials for Export
Mr. Yofi Grant, CEO of GIPC, highlighted Ghana’s commitment to ensuring that the partnership results in mutually beneficial outcomes. Emphasizing the importance of trade linkages, he expressed Ghana’s desire to add value to its significant raw materials for export.
Learning Opportunities from Trinidad and Tobago’s Industrial Expertise
Trinidad and Tobago, recognized as an industrial powerhouse in the Caribbean, offer valuable learning opportunities for Ghana. The oil and gas sector, in particular, present avenues for trade in goods and services. Trinidad and Tobago’s established capacity and experience in the industry will foster growth in trade.
Establishing Ghana Trade House: Focus on Cultural Dimension of Trade
Dr. Afua Asabea Asare, CEO of GEPA, unveiled plans to establish a Ghana Trade House in Trinidad and Tobago. This initiative aims to export Ghana’s native fabrics and prints to meet substantial demand in the Caribbean market.
Acknowledging Synergies: Benefits of Knowledge Exchange and Investment Opportunities
Mr. Kiran Maharaj, President of the Trinidad and Tobago Chamber of Industry and Commerce, lauded Ghana’s efforts in building an attractive business environment. He highlighted numerous cultural and business synergies, including knowledge exchange, investment opportunities, and partnerships.
Ministerial Commitment: Trinidad and Tobago’s Focus on Mutual Growth
Ms. Paula Gopee-Scoon, Minister of Trade and Industry for Trinidad and Tobago, emphasized the potential for mutually beneficial trade and investment opportunities. She reaffirmed her country’s commitment to strengthening economic ties with Ghana and the broader African continent.
These discussions mark a promising milestone towards shared prosperity and development.
