Raphael John-Lall
Canada’s High Commissioner to T&T Arif Keshani has pointed out that T&T is Canada’s largest trading partner in Caricom and the commercial relationship goes back hundreds of years.
He identified some of T&T’s main strengths which include a strategic location, a skilled and diverse workforce which all position the country as an attractive investment destination.
“The potential for partnerships exist in areas like clean technologies, energy, Information Technology and education. And as was mentioned, T&T is Canada’s largest trading market in Caricom which is a significant element of the relationship. Canada is very pleased to have in place the Canada-Caricom Trade Agreement (CARIBCAN). Regionally, this agreement allows for 96 per cent of products and services from the Caricom region to enter into Canada duty free. But in the case of T&T, that elevates to 98 per cent that enters duty free to Canada and has access to a market of 40 million people,” he said.
Keshani spoke last Wednesday at the Trinidad and Tobago Coalition of Services Industries Doing Business with the World series webinar.
He also spoke about Canada’s Trade Commissioner Service (TCS) which supports Canadian companies doing business abroad and investment in Canada.
“TCS is a network of over 1,000 professionals with a presence in over 160 markets worldwide providing services to Canadian companies. It is also worth highlighting that T&T made the progressive step of recently announcing commercial programmes in several of its missions abroad. Specifically, with respect to Canada, there will be a trade office appointed in Miami which will have responsibility for the US and Canada.”
He praised the TTCSI’s series as being industry relevant.
“It is an ambitious initiative that underscores the importance of collaboration, innovation and international partnerships in a modern global economy. As we gather virtually this morning to discuss trade between Canada and T&T, I am reminded of the rich tapestry, history and friendship that connect our two nations.”
He added that Canada and T&T enjoy a longstanding relationship premised on commercial relations, strong people-to-people ties and shared values.
“As diplomatic relations were established in 1962, preceding this two-way trade between our two nations and between our regions, the British West Indies and Nova Scotia began in the 1700s. Canadian banks found their footing in T&T during the early 1900s, establishing financial links between our two countries. Canada appointed its first full time trade representative to T&T in 1938, which further advanced diplomatic ties between Canada and T&T.”
On the education front, he said Reverend John Morton from Canada began establishing Presbyterian schools in T&T in the mid 1800’s and today many T&T citizens choose Canada for university education.
He also said both countries share many values like democracy, the rule of law and respect for human rights.
“These principles provide a solid foundation for our collaboration in many spheres. Canada is one of the world’s largest trading nations with a phenomenal Gross Domestic Product (GDP) of over US$2 trillion. Our dedication to innovation and technological advancement aligns well with the goals of this series. We believe that innovation is essential to driving economic progress and enhancing the well being of our citizens.”