Seize opportunity to help hurricane-hit countries build back better – CARICOM SG

This slideshow requires JavaScript.

Caribbean Community (CARICOM) Member States must seize the opportunity to help the countries that were devastated by the recent hurricanes to build back better and become the first climate-resilient nations in the world.

CARICOM Secretary-General, Ambassador Irwin LaRocque, delivered this charge in remarks he made at the opening of the Forty-Fifth Meeting of the Council for Trade and Economic Development (COTED) at the Marriott Hotel in Georgetown, Guyana, Thursday morning.

The impact of the hurricanes wrought on some CARICOM Member States and Associate Members  have affected various sectors including agriculture, tourism, manufacturing, housing, infrastructure, energy, and communications. The impact has also caused ripple effects across the Region, given the level of integration, the Secretary-General pointed out.

See more photos here (more…)

 

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

This slideshow requires JavaScript.

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:

Media Advisory: COTED convenes Thursday morning

Officials met Monday and Tuesday ahead of the COTED Ministerial which opens Thursday morning
Officials met Monday and Tuesday at the CARICOM Secretariat ahead of the COTED Ministerial which opens Thursday morning

The Forty-Fourth Meeting of the Council for Trade and Economic Development (COTED) will convene on Thursday, 11 May, 2017, at the Pegasus Hotel, Georgetown, Guyana.

Opening remarks will be made by Chair of the COTED, the Hon. Ferdinand Welzijn, Minister of Trade, Industry and Tourism of Suriname, and CARICOM Secretary-General, Ambassador Irwin LaRocque.

Representatives of the media are invited to cover the following:

 

EVENT: Opening Ceremony, Forty-Fourth Meeting of the Council for Trade and Economic Development (COTED)

Date: 11 May, 2017

Venue: Pegasus Hotel, Georgetown, Guyana

Time: 9 am

 

Kindly make every effort to be present at least 15 minutes before the ceremony for timely coverage of this event.

 

 

Expedite full implementation of CSME – CARICOM Chairman

new facebook-28-intersessional
Chairman of CARICOM, President David Granger addresses the opening ceremony of the Meeting
Chairman of CARICOM, President David Granger addresses the opening ceremony of the Meeting
“The CSME must not be allowed to become a victim of equivocation and procrastination.”- CARICOM Chairman, President David Granger
The Caribbean Community (CARICOM) must expedite the full implementation of the CARICOM Single Market and Economy (CSME).

This was the charge President of Guyana, His Excellency David Granger, issued to Heads of Government and delegates at the opening of the Twenty-Eighth Intersessional Meeting of the Conference of Heads of Government of CARICOM in Georgetown Guyana on Thursday morning.

“Economic cooperation is a fundamental pillar of our Community. The Caribbean, if it is to escape the hazard of economic emasculation in today’s global environment, must expedite the full implementation of the CARICOM Single Market and Economy (CSME). We face threats that include dampened demand for our goods and services and distortions in our financial sectors caused by de-risking by international banks.

Lead Head of Government of the CSME, Barbados Prime Minister, the Hon. Freundel Stuart and his Foreign Minister, the Hon Maxine McClean at the opening ceremony
Lead Head of Government with resposibility for the CSME, Barbados Prime Minister, the Hon. Freundel Stuart and his Foreign Minister, the Hon Maxine McClean (left) at the opening ceremony

(more…)