May 2016 Financial News

Venezuela and Jamaica reach agreement to improve trade relations

May 24, 2016

KINGSTON, Jamaica, Tuesday May 24, 2016 – Venezuela and Jamaica have signed agreements on trade, energy and culture, following high-level deliberations on Sunday between Prime Minister Andrew Holness and President Nicolás Maduro.

During Maduro’s one-day trip, Holness said the two countries agreed to improve trade relations, especially through arrangements under the PetroCaribe Agreement – an initiative that will be led by Minister of Finance and Public Service Audley Shaw.

The Jamaican leader said there was also an expedited agreement on the refinery upgrade project; a decision to strengthen cultural ties, particularly through cooperation with Venezuela’s El Sistema, a world renowned youth orchestra and system of training youth in music.

“We look forward to the continued cooperation and collaboration between our countries, and reiterate our appreciation to Venezuela for their generosity over the years,” Holness said.

The prime minister said the meeting was an indication of the strong ties of history, friendship and cooperation between the two countries.

President Maduro last visited Jamaica in September 2015, for the Summit to commemorate the 10th Anniversary of the PetroCaribe Agreement.

It was also the 200th anniversary of the Jamaica Letter, written by the Great Liberator Simon Bolivar in Kingston on 6th September 1815. On that visit, President Maduro opened the Simon Bolivar Cultural Centre in downtown Kingston.

Source:
Caribbean360
Tuesday May 24, 2016

http://www.caribbean360.com/news/venezuela-jamaica-improve-trade-relations