The Caribbean Community (CARICOM) and Cuba has had a strong historical relationship. The trade relations were furthered through the Caribbean Community (CARICOM) - Cuba Trade and Economic Cooperation Agreement which was signed on 5 July, 2000.
The Agreement was formed with a view to strengthen commercial and economic relations between the Parties through the use of trade initiatives such as: “decreasing barriers to trade in both goods and eventually services; facilitating the establishment and operation of joint ventures and other forms of co-operation activities; development of mechanisms that promote and protect the investments; the discouragement of anti-competitive business practices between the Parties.
The Agreement provides for the continuity and expansion of relations through a CARICOM-Cuba Joint Commission established by both Parties.
This Agreement was incorporated into Trinidad and Tobago’s law in via the Caribbean Community (CARICOM) Cuba Trade and Economic Cooperation Agreement Act No. 5 of 2006.
In expanding the Agreement, a Second Protocol was signed in Georgetown Guyana on 9 November, 2017. By wat of this Second Protocol, Cuba granted CARICOM 326 duty free items. CARICOM granted preferential access to seventy-four (74) items. Fifty-two (52) tariff lines were granted duty free access by all CARICOM members. Some of the products covered include cigarettes, some cement, some medicaments, some electric machinery and equipment, vehicular accessories and optical apparatus and medical equipment.
Trinidad and Tobago is currently undertaking action to complete the national legislation processes to give effect to the Second Protocol.
CARICOM-Cuba Trade and Economic Agreement
CARICOM members and Cuba
Date of signature/entry into force
End of transition period (goods liberalization) for Trinidad and Tobago
End of transition period: 2010. Upon full implementation, 303 subheadings at the 6-digit level and 94 headings at the 4-digit level were duty-free.
Liberalization of goods only.
Agreement also has provisions on areas such as: taxation, trade promotion and facilitation, services, tourism, investment, and intellectual property rights.
Trinidad and Tobago's merchandise trade with Cuba (2017)
0.0% of total imports; 0.1% of total exports.
WTO legal cover
Not applicable (not notified)
WTO consideration status