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:

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

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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

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‘Take stock of the positive’ – CARICOM SG on integration movement

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CARICOM Secretary-General, Ambassador Irwin LaRocque addresses the media
TAKE STOCK OF THE POSITIVE: CARICOM Secretary-General, Ambassador Irwin LaRocque, addresses the media

In any assessment of the performance of the regional integration movement, the positive elements must be considered. And integration must never be measured solely on trade as there was much more that was happening in other spheres such as in functional cooperation and in crime and security, Caribbean Community (CARICOM) Secretary-General, Ambassador Irwin LaRocque said Monday at the CARICOM Secretariat.

He was at the time responding to questions at a press conference that preceded the Twenty-Eighth Intersessional Meeting of the Conference of Heads of Government of CARICOM which will be held Thursday and Friday at the Marriott Hotel, Georgetown, Guyana, under the Chairmanship of His Excellency David Granger, President of Guyana.

The Secretary-General said that integration was working even though there was always room for improvement.

“Can you imagine if there were no CARICOM? Things that we take for granted in our everyday lives… like CXC… that’s CARICOM at work. The fact that more than ninety-nine per cent of our goods is traded freely within our Region – that’s CARICOM at work. The fact that we can have a concerted effort at talking about correspondent banking,…can you imagine if Guyana went alone or Saint Lucia went alone to talk …about correspondent banking? The fact that we have been able to successfully addressing the issue HIV/AIDS collectively; the fact that we have become the first region in the world to eliminate measles and the fact that we have a Community response at the time of disaster… The fact that we are able to present our concerns on climate change collectively.

“There always is room for improvement… By and large, I am satisfied. There are some frustrations that we hear of and we experience in terms of the pace. But as one Prime Minister always says:  we are not going to a point; we are on a journey. Development, as is integration is a journey and once your journey is going in the right direction and you are always improving on what you have and building a sense of Community which I think we really do have, I think we are on the right track; we are going in the right direction. We are carrying everybody with us; no one is being left behind We are building a sense of community and carrying everyone with us. Despite what you may hear … (integration) is working,” the Secretary-General said.

CARICOM Secretary-General, Ambassador Irwin LaRocque flanked by Assistant Secretary-General, Foreign and Community Relations, Ambassador Colin Granderson,  (left) and Assistant Secretary-General, Trade and Economic Integration, Mr. Joseph Cox
CARICOM Secretary-General, Ambassador Irwin LaRocque (cewntre) flanked by Assistant Secretary-General, Foreign and Community Relations, Ambassador Colin Granderson, (left) and Assistant Secretary-General, Trade and Economic Integration, Mr. Joseph Cox

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