COTED must position itself to address rapidly changing trade environment – Chair

The rapidly changing trading environment demands that the Council for Trade and Economic Development (COTED) find an “appropriate mix of methodologies and strategies” to address the Council’s expanding agenda.

This is according to the Hon. Chet Greene, Minister of Foreign Affairs, International Trade and Immigration of Antigua and Barbuda, who is chairing the Forty-Sixth Meeting of the COTED.

In remarks at the opening session of the Meeting at the CARICOM Secretariat on Wednesday 16 May, 2018, the Minister referred to both internal and external trade matters that could impact the Community’s progress towards sustained economic prosperity. These include the implementation of the CARICOM Single Market and Economy (CSME), market access for products, the review of the Common External Tariff (CET), the CARIFORUM-EU Economic Partnership Agreement (EPA), the future of trade with the United Kingdom after BREXIT and  the impasse between the USA and China. (more…)

 

CARIFORUM Council of Ministers Meeting underway in St. Kitts and Nevis

The United Kingdom’s (UK) withdrawal from the European Union (EU), also known as ‘Brexit’, is an emerging trade issue that is of paramount concern to the Caribbean Region. Against this backdrop, a number of government ministers and delegates from the Caribbean Forum of African Caribbean and Pacific States (CARIFORUM) countries are currently in St. Kitts-Nevis attending a two-day Special Meeting of the CARIFORUM Council of Ministers. The meeting at the St. Kitts Marriott Resort concludes on 27 March.

CARIFORUM Director General, Percival Marie, said that the meeting was timely and extremely vital.

“The meeting is held at a crucial time when post Cotonou negotiations between the African, Caribbean and Pacific (ACP) group of States and the European Union are about to commence. This meeting is also held when the European Union and the United Kingdom are in discussions on the exit of the United Kingdom from the European Union,” said the Director General. “We are also in discussion with the United Kingdom in a rollover agreement between the Caribbean region and the United Kingdom to ensure that there is a smooth transition without any loss of trading opportunities between the Caribbean and the United Kingdom when the United Kingdom would have left the European Union.”

This slideshow requires JavaScript.

(more…)