The Caribbean Community (CARICOM) is embarking on a project to strengthen capacity to measure the contribution of international trade in services to the economies of Member States by their trading partners.
The project is to be funded by the European Union under the Tenth European Development Fund (10th EDF).
The general objective of the project is to provide the decision-makers in CARICOM with core, high quality statistics for the establishment and monitoring of the CARICOM Single Market and Economy (CSME). It will be undertaken as more emphasis is being placed on the production of quality statistics in the Region. Just recently, at their 37th Regular Meeting in Georgetown, Guyana, Heads of Government of CARICOM endorsed a Plan of Action for Statistics. The Action Plan was developed by the Standing Committee of Caribbean Statisticians (SCCS) and will facilitate the bridging of data gaps in key areas of statistics such as in Trade in Services.
The Plan supports a regional approach to the development of statistics, and, among other things, will enable the upgrading of the Information and Communications Technology infrastructure and provide overall support to human resource development.