Mon | Oct 16, 2017

Move quickly to secure Cuba trade ties, says Hyman

Published:Monday | December 22, 2014 | 4:36 PM
Ralston Hyman - File

Financial analyst, Ralston Hyman, says Jamaica should send a trade delegation to Cuba to begin aggressive efforts to benefit from the normalisation of United States and Cuban ties.



Last Wednesday, President Barack Obama announced steps to normalise diplomatic and economic ties with Cuba.



Obama's plans include the easing of a travel ban for US citizens and financial restrictions as well as increasing telecommunications links.



Hyman says Jamaica will be presented with significant opportunities as a result of those plans.



He says come January, a team consisting of public and private sector entities should organise a visit to Cuba to begin engagements.



Hyman says Jamaica has to be quick in order to effectively compete with other CARICOM countries such as Trinidad and Tobago.



Last week, Finance Minister, Dr Peter Phillips, told private sector leaders that the re-integration of Cuba in the world economy represents a new market for the export of Jamaica’s goods and services.



He also said Cuba should not be viewed as a threat to Jamaica's tourism offerings.



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