“Obvious benefits will include an expansion of the labour force to meet the increased demand in the Brazilian Market, increased economic activities from the linkages with other sectors locally and also sectors in Brazilian Market. Cheaper sources of products in which Brazil has a marked competitive advantage, improved commercial ties, foreign direct investments, increased foreign exchange, diversification of the markers in which we trade,” the Minister explained.
MiyVue.com understands that the Government of St Kitts and Nevis has made a strategic decision to seek preferential access to the Brazilian market for its electronics products manufactured by the enclave manufacturing sector which is located at the C. A. Paul Southwell Industrial Site in Basseterre and Bourkes Industrial Estate in Sandy Point. Similar access is being requested for beverages and other light manufactured products.
According to Harris, “The ongoing negotiations have been a national collaborative effort between the Ministry of International Trade et al, and the management of Kajola-Kristada LTD and Harowe Servo Controls Ltd.
“The government is pleased to partner with Kajola-Kristada LTD in this very important venture which will provide many opportunities for the manufacturing sector and the citizens of St. Kitts and Nevis,” he added.
The Minister also took time out to commend his ministry for their dedication towards making the agreement a success.
“Let me at this juncture take the opportunity to commend our own Ministry of International Trade, Industry, Commerce and Consumer Affairs for the hard work and dedication that has been exhibited in our quest to successfully lead the negotiations for accession to the Guyana –Brazil Partial Scope Agreement. This has been collaborative effort of many, but the coming of Ambassador Miguel Magalhaes gave impetus and steady focus that part of the government of Brazil’s action was expedited,” Harris said in conclusion.