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Shipping costs trending downwards: CARICOM BUSINESS
Global shipping costs are starting to trend downwards, nonetheless prices remain elevated considerably above pre-pandemic levels. Indeed, there is an approximate 50% reduction being experienced by Caribbean importers. According to Richard Pandohie, former President of the Jamaica Manufacturers & Exporters Association, the cost for shipping a 40ft container now ranges between US$10,000 and US$12,000, “still above pre-pandemic level of US$4-5k…
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CARICOM SG wraps up official visit to Saint Lucia
Secretary-General of the Caribbean Community, Her Excellency Carla Barnett ended her official visit to Saint Lucia on Wednesday during which she met with the Prime Minister Honourable Philip Pierre, members of Cabinet, the Leader of the Opposition, Honourable Allen Chastanet, the CARICOM Youth Ambassadors and paid a visit to the Castries Comprehensive Secondary School. “This was a very good and…
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Caribbean Creative Sector to benefit from ACP-EU 3 million Euro Grant Support Programme
The Caribbean Culture Sector has received significant funding from the European Union with support from the Organisation of African, Caribbean and Pacific States, under the ACP-EU 11th EDF Culture Programme as creatives seek to recover from the adverse effects of the COVID-19 pandemic. The Virtual Launch is set for Thursday, April 21, 2022, at 11:00 EST. The United Nations, Educational,…
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SG Barnett meets Saint Lucia Cabinet on First Day of Official Visit
Secretary-General of the Caribbean Community (CARICOM) Her Excellence Carla Barnett stressed the importance of climate change and agriculture to the Region as she began a three-day official visit to Saint Lucia. Dr Barnett met with the Prime Minister of Saint Lucia the Honourable Philip Pierre who is Lead Head of Government for Sustainable Development in the CARICOM Quasi Cabinet and…
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Jamaica begins its transition from SWIFT system: CARICOM BUSINESS
The Bank of Jamaica has given financial institutions 4 years to adapt as it co-ordinates Jamaica’s migration from the Swift Message Type (MT) standard to the ISO 20022 – ‘Universal Financial Industry Message Scheme’ format by end 2025. This in a bid to enhance end-to-end efficiency for payments. Adoption of the ISO 20022 standard should improve payment processing efficiency and…
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CARICOM teachers set for training in learning recovery, enhancement
Approximately 15,000 educators from the Caribbean Community (CARICOM) are set to benefit from professional development training specially designed for them to assist students in overcoming the learning losses occasioned by the COVID-19 pandemic. The training is part of the Learning Recovery and Enhancement Programme known as Let’s REAP, which was developed collaboratively among the CARICOM Secretariat, the Caribbean Development Bank…
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Remarks by CARICOM Secretary-General Dr Carla Barnett at the Launch of the Agri-Investment Forum and Expo, scheduled for 19-21 May, Guyana
Your Excellency Dr. Irfaan Ali, President of the Cooperative Republic of Guyana; Honourable Minsters; Members of the Diplomatic Corps; Ladies and Gentlemen. It is my pleasure to join in the Launch of this CARICOM Agri-Investment Forum and Expo which will take place on 19-21 May. This event is an important step on the path to achieving the clear objective set…
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Launch of the Enhanced TVET Framework for Certification in Antigua and Barbuda – Remarks by Mr Leo Titus Preville
Remarks by Mr. Leo Titus Preville Programme Manager, CARICOM Single Market, CSME Unit at the Launch of the CARIFORUM-EU EPA and CSME Standby Facility for Capacity Building “Enhanced Technical Vocational Educational Training (TVET) Framework for Certification in Antigua and Barbuda” Thursday, 07 April 2022, 10:00 A.M Salutation Hon. E. P Chet Greene, Minister for Foreign Affairs, Immigration and Trade; Hon.…
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Statement on CAUCUS of CARICOM Heads of Government, Wednesday
Heads of Government of the Caribbean Community (CARICOM) meeting virtually in Caucus on Wednesday 6 April reaffirmed the obligation of Member States to coordinate foreign policy as outlined in the Revised Treaty of Chaguaramas. They noted the upcoming election at the June 2022 Commonwealth Heads of Government Meeting (CHOGM) and reaffirmed the turn of the Caribbean for a second term…
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Keynote Address by CARICOM Secretary-General Dr Carla Barnett to the Regional Conference of the ‘Closing the Circle: Marine Debris, Sargassum and Marine Spatial Planning Research and Capacity Building Programme, Dominica, 5 April 2022
Your Excellency Roosevelt Skerrit, Prime Minister of the Commonwealth of Dominica; Dr. Cleopatra Doumbia-Henry, President, World Maritime University; Distinguished Delegates; Ladies and Gentlemen. It is my distinct pleasure to address this first session of this series of Conferences facilitating dialogue on better ocean management in the Caribbean. I commend the World Maritime University (WMU) for not only hosting this important…
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