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October 2016
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Wednesday, 26 October 2016

Germany-based equipment manufacturer Liebherr Maritime Crane has announced the delivery of its LHM 600 mobile harbour crane (MHC) to the Port of Kingston, Jamaica. The new crane, which is claimed to be the biggest crane operated in the Caribbean, is starting operations this month at Kingston Wharves Limited’s multipurpose terminal at the port. The Port of Kingston already operates Liebherr’s smaller LHM 550 high rise version, which the company claimed in a statement is the former biggest MHC operated in the region.

Senior parliamentary representatives from Cuba and Belgium have confirmed the favorable development of bilateral relations between the two countries and pledged to revive historical ties between the two legislative bodies, diplomatic sources report today.The comments came during the visit to the Belgian Federal Parliament by a Cuban delegation led by vice-president of the National Assembly of the People's Power, Ana Maria Mari Machado.The representatives of the Caribbean nation were received by the President of the Belgian Chamber of Representatives, Siegfried Bracke, and the chair of the Foreign Affairs Committee, Dirk Van der Maelen.

Prime Minister and Minister for Marine Resources Henry Puna signed the agreement after meeting with the Solicitor General David James and Secretary of Marine Resources Ben Ponia.The signatory on behalf of the EU is the current President of the Council of the European Union, Donald Tusk.Under the Partnership, the Cook Islands will receive nearly $US7 million over a 4-year period in return for providing access to four European flagged purse seine fishing vessels which will target the migratory and abundant skipjack tuna.

After October, the European Union may terminate the Temporary Free Market Access it granted Nigeria and other ECOWAS member States to export their products to the Union. This is because of Nigeria’s failure to sign the Economic Community of West African StatesInvestigation by Financial Vanguard reveals that of the sixteen ECOWAS Member countries, twelve have ratified the agreement, except for Nigeria, Liberia, Sierra-Leone and the Gambia.

UNCTAD is set to support Central African countries cut the costs of their cross-border trade, after signing a three-year €380,000 ($420,000) deal with the European Union in Brussels on Friday. The grant enables UNCTAD to help countries comply with various trade regulations, including the Trade Facilitation Agreement, a World Trade Organization (WTO) agreement, that will streamline import, export and transit procedures between the WTO’s 162 members. The agreement could increase the value of global merchandise exports by up to $1 trillion a year, according to the WTO.