The agreement between the Caribbean regional bloc and Cuba will benefit a range of economic sectors, notably tourism.
As a consequence, goods produced in CARICOM countries—including beer, fish, agricultural products, and manufactures—will be able to enter the Cuban market duty-free. The same will be true for Cuban products to be exported to CARICOM, which mainly consist of pharmaceuticals.
This progress will be of great benefit for the tourism industry for both sides of the agreement as it will enable them to expand their supply of goods, which often falls short of meeting the demand of those who visit the region.
The officials present also discussed trade in services and finished the meeting by agreeing to continue to exchange information on the matter and make efforts to further develop it.