Coordinated approach necessary to manage external relations – COTED hears

The importance of effectively managing the external relations of the Caribbean Community (CARICOM) was strongly underscored at the opening of the 45th meeting of the Council for Trade and Economic Development (COTED) on Thursday in Georgetown, Guyana.

Chair of the COTED, the Hon. Paula Gopie-Scoon, Trade and Industry Minister of Trinidad and Tobago,  and Ambassador Irwin LaRocque, CARICOM Secretary General referred to the current international trade climate and stressed the need for coordinated approach to external economic relations.

While many of the agenda items focus on the CARICOM Single Market and Economy, the Region’s flagship programme, and trade in goods, Ministers will place emphasis on matters such as future trade with the United Kingdom post-BREXIT; developments within the World Trade Organisation (WTO); and the state of the rum industry in CARIFORUM.

“We must remember that our strength as a Region depends on a coordinated approach to policies. This includes the external economic and trade relations of the Community which we will address during the course of this Meeting”, Minister Gopie-Scoon said at the opening session.

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Full, safe, unhindered access to Single Market needed for sustainable growth – COTED Chair

Chairman of COTED,  the Hon. Ferdinand Welzijn, Minister of Commerce, Trade and Industry of Suriname
Chairman of COTED, the Hon. Ferdinand Welzijn, Minister of Commerce, Trade and Industry of Suriname

The private sector’s full, safe and unhindered access to the CARICOM Single Market was important for the promotion and  sustainability of economic growth, Minister of Commerce, Trade and Industry of Suriname, the Hon. Ferdinand Welzijn, said on Thursday.

Delivering remarks at the opening of the Forty-Fourth Meeting of the Council for Trade and Economic Development (COTED) in Georgetown, Guyana, Minister Welzijn, who is chairing the Meeting, said that development depended on public-private partnership.

 “After all it is the private sector that trades and does business,” he pointed out.

His remarks were made in the context of one the main  item for discussion at the Meeting – the CARICOM Single Market and Economy (CSME).  The Minister said that his background in the private sector provided a full understanding of the concerns and frustration of entrepreneurs who were facing trade difficulties within CARICOM. (more…)