CET, Rules of Origin critical to viability, competitiveness of indigenous industries – Review Consultation hears

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The protection of indigenous industries to ensure their viability and competitiveness on the global market and the harmonisation of rates across CARICOM were among the key concerns raised at a Consultation on the revision of CARICOM’s two trade instruments.

The trade and revenue instruments are the CARICOM Common External Tariff (CET) and the Rules of Origin.

At the brief opening ceremony of the one-day Consultation on 25 July, 2017, at the CARICOM Secretariat, CARICOM Assistant Secretary-General, Trade and Economic Integration, Mr.Joseph Cox called for frank discourse against the background that the CET in its current format, was not sustainable and was not serving the purpose for which it was originally intended.

He said order, structure and modernisation were necessary for the instruments to work for the Region.

Regional stakeholders at the Consultation acknowledged the importance of the CET and the RoO to the economic growth of the Region. They recommended the careful consideration of derogations of the CET on some products, as well as the implementation of a modernised and simplified version of the Rules of Origin.

Consultant, Mr. Dan Ciuriek, said that the review of the regime was to ready it for free circulation, a fully functioning CARICOM Single Market and Economy (CSME), and to be effective as a springboard into the global economy.

Listen as Mr. Bernard Black, Senior Project Officer, Customs and Trade Policy at the CARICOM Secretariat, provides some insight into the discussion and the next steps that are to be taken.

CET, Rules of Origin Review aims to further stimulate trade

Consultations to review the Common External Tariff (CET) and the Rules of Origin begin on Tuesday morning at the Caribbean Community (CARICOM) Secretariat.


The Consultation is in keeping with the Community’s Policy to encourage the inclusion of key stakeholders in policy-making processes. It is supported by funding under the Spanish Agency for International Development Cooperation (AECID).

Mr. Bernard Black, Senior Project Officer, Customs and Trade Policy at the CARICOM Secretariat, talks about the CET and the Rules of Origin and how they relate to the integration movement.
Listen:

Consultations get underway on comprehensive review of CET, Rules of Origin

The Council for Trade and Economic Development (COTED) mandated the Comprehensive Review
FLASHBACK:  A Meeting of the Council for Trade and Economic Development (COTED) in Georgetown, Guyana 

The Caribbean Community (CARICOM) Secretariat will next week begin consulting with regional stakeholders as it moves to undertake a comprehensive review of the Community’s main trade instruments – the Common External Tariff (CET) and the Rules of Origin.

The consultation will be held at the CARICOM Secretariat on 25 July, 2017, beginning at 9 am. It targets regional organisations that are interested in or likely to be affected by changes to the CET and the Rules of Origin, including Academia, Sector Organisations, Industry Associations, Regional Policy Advocacy Organisations, and Institutions of the Community.

The Consultation, which is in keeping with the Community’s Policy to encourage the inclusion of key stakeholders in policy-making processes, is supported by funding under the Spanish Agency for International Development Cooperation (AECID). (more…)

New day dawns for agriculture

Policy-makers and other stakeholders in the Region’s agriculture sector have been challenged to quickly move forward with renewed resolve to ensure increased productivity and competitiveness in the agriculture sector.

Mr. Joseph Cox, new Assistant Secretary-General (ASG), Trade and Economic Integration at the Caribbean Community (CARICOM) Secretariat, threw out the challenge Thursday at the opening ceremony of a Special Meeting of the Council for Trade and Economic Development (COTED) on Agriculture.

The two-day Meeting is being held at the CARICOM Secretariat under the Chairmanship of the Hon Eugene Hamilton, Minister of Agriculture, Marine Resources, Cooperatives, Environment  and Human Settlement, St. Kitts and Nevis.

Mr. Cox, who took up his position at the Georgetown-based Secretariat a mere five weeks ago, pointed out that for agriculture in the Region to achieve its full potential, stakeholders needed to “turn the pages of time and recognise that it is indeed a new day”.

Using the “new day” as his refrain, the Assistant Secretary-General argued that agriculture was a business and not a social welfare programme. And, given that some of the subsectors that were previously lucrative were now “moribund”, he added that the time was ripe to seek out areas of opportunity where the Community had a competitive and comparative advantage.

Remarks by Assistant Secretary-General, Trade and Economic Integration 8 October 2015

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