• Today
    December 08

  • 05:41 PM

Trinidad and Tobago braces for Brexit

CMC,

Added 05 September 2019

brexit

PORT OF SPAIN –Minister of Trade Paula Gopee-Scoon says the Dr Keith Rowley led administration is looking at bringing legislation to Parliament to enact a treaty signed between Cariforum and the United Kingdom, to prevent any sudden imposition of tariffs if the UK leaves the European Union (EU).

Gopee-Scoon told the Trinidad Newsday that the Government is keeping abreast of developments in the UK.

“We have signed an agreement with the EPA. This is to allow for a smooth transition with Brexit,” the minister said.

On April 1, the twin island republic and other individual Caribbean nations, signed onto the Cariforum/UK Economic Partnership Agreement (EPA).

Originally, an EPA was signed in 2008 between Cariforum’s 15 states and the EU’s 28 states, to make trade and investment easier between the two regions.

“Now we are coming close to it (Brexit) – although anything could happen the way things are going. But the sense (is) that a closing date is coming, we are called upon to get the legislation in place, so we’ve got to rush to do that.”

This legislation would retain Trinidad’s existing tariff status with the UK.

“We’ll make sure there is a seamless opportunity for our goods entering the UK to have the same tariff advantages and so on. So it’s almost a rollover.”

She said a bill to enact the treaty has been locally drafted and has since been slightly modified.

“We got that on Tuesday. Now that we have that, we will do what we did with the EPA and put local legislation in place. There’s been some slight modification which we have to get to the Attorney General’s Office so they can work on it. Then again we’re waiting on the final text from Caricom to move forward.”

On Wednesday, a cross-party alliance including 21 rebels from the ruling Conservative Party passed the first stage of a bill in the House of Commons to stop the UK leaving the EU without agreed terms as British Prime Minister Boris Johnson had promised for October 31.

On Monday Johnson lost his working majority, expelled the rebels from the party and threatened a mid-October snap election. (CMC)

JOIN THE DISCUSSION

Dos and Donts


Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus

POLL

Has cursing become commonplace in Barbados?

Yes
No

FRONT COVER OF TODAY'S NEWSPAPER

CARTOON

INSTAGRAM