Competitiveness
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‘Looming’ issue of de-risking in Region remains high on CFATF agenda
Executive Director of the Caribbean Financial Action Task Force (CFATF), Calvin Wilson has said that de-risking or the loss of correspondent banking relations is looming largely across the Caribbean region because of what is being perceived by international financial institutions as “high-risk jurisdictions operating in a high-risk region.” Wilson is disagreeing with this perception on the basis that many of the…
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CSME Online Platforms launched to promote regional trade and business
The Caribbean Community’s development of a Single Market and Economy has been given a boost with the launch of four new on-line platforms aimed at promoting trade and improving the ease of doing business. The CARICOM Secretariat, with support from the European Union, on Monday launched the CARICOM Online Companies Registries; Labour Market Information System; Community Public Procurement Notice Board;…
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Caribbean Export brings regional designers to CARIFESTA XIII
At this year’s CARIFESTA XIII hosted in Barbados, the Caribbean Export Development Agency (Caribbean Export) will be facilitating the participation of designers and artisans from across CARIFORUM within their Design Caribbean and Caribbean Essence export promotion platforms. The assistance, in the tune of 50 000 euros is funded by the European Union (EU) via the 11th EDF Regional Private Sector…
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Ministers green-light Single ICT Space Integrated Work Plan
Caribbean Community (CARICOM) Ministers with responsibility for Information and Communication Technologies (ICT) on Friday, 19 May, 2017, approved the Integrated Work Plan for the Community’s Single ICT Space. The approval came during discussions at the Sixty-Eighth Special Meeting of the Council for Trade and Economic Development (COTED) on ICT. The Virtual Meeting was anchored at the CARICOM Secretariat in Georgetown,…
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Policy-makers discuss way forward for Region’s sugar industry
The ability of sugar industry in the Region to survive after the removal of production quotas in the European Union (EU) on September 30, 2017, will depend on improved competitiveness and pragmatic diversification options, according to a Caribbean Community (CARICOM) Secretariat official.The end of EU’s quota management for sugar is expected to lead to a fall in prices towards the international sugar price and…
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Private sector development in Caribbean pivotal – Barbados PM
Prime Minister of Barbados, the Hon. Freundel Stuart, on Wednesday stressed that private sector development in the Caribbean remained pivotal and suggested that exporters must continue to be empowered to penetrate global markets. According to him, enabling and strengthening the private sector was the most effective way of ensuring continued economic growth in this Region. He urged the regional private…
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