PORT OF SPAIN, Trinidad, CMC - Trinidad and Tobago and Panama on Thursday signed a Partial Scope Trade Agreement on Thursday which help boost the economies of both countries.
The Partial Scope Trade Agreement, provides the preferential treatment that exporters from Trinidad and Tobago will enjoy in the Panamanian market and the reciprocal preferential treatment that Panamanian exporters will receive in the Trinidad and Tobago market.
In the case of Trinidad and Tobago, there will be immediate tariff elimination in a number of important manufactured products and also tariff reduction in several other areas. This agreement will strengthen the existing trade relationship between the two countries, as it will afford further market diversification and penetration.