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TTMA inks MoU with CII to boost trade ties

Mar '07
Trinidad and Tobago Manufacturers Association (TTMA) and the Confederation of Indian Industry (CII), sign a Memorandum of Understanding (MoU) to boost business between the two countries at a “Business Forum” organised by the CII on Monday.

The MoU, signed by Dr. Sarita Nagpal, Head – Manufacturing Services and Principal Counsellor, CII and Mr. Andrew Stuart Dalgliesh, Past President, TTMA, focuses on promoting cooperation and assistance to trade and investment missions of the two organizations and provide advice to the individual companies and investors who are visiting the respective countries.

CII and TTMA through this agreement will cooperate to promote trade, investment and economic co-operation between India and Trinidad and Tobago. Both the organizations will also promote trade fairs and other special events, the MoU envisaged.

Mr. Kenneth Valley, Minister of Trade and Industry, Trinidad and Tobago invited Indian investors to set up business in his country. “Trinidad and Tobago is a platform from where companies can access different markets in Latin America, the US and Canada “, he said.

Mr. Pundit Manideo Persad, High Commissioner of Trinidad and Tobago to India mentioned that investors can own 100% of their company with no restriction of foreign exchange, making Trinidad and Tobago a favorable destination for investment. He disclosed that Bank of Baroda (BoB) has inked an agreement with Trinidad and Tobago to start its operation and this would help the Indian investors and business to grow in his country.

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