Trade and Economic Issues

  • More than 50% of electricity demand to be supplied by Renewables

    The Government is projecting that within two years, more than half of Jamaica’s electricity demand, totalling nearly 700 megawatts will be generated from renewable  sources. According to Finance and Public Service Minister, Hon. Audley Shaw, this is based on the Government’s “aggressive” approach to fuel diversification resulting in over 200 megawatts  of renewable energy already being supplied to the national…

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  • Photo of Antigua-Barbuda strongly objects to being listed as a tax haven by Illinois

    Antigua-Barbuda strongly objects to being listed as a tax haven by Illinois

    ST JOHN’S, Antigua — Antigua and Barbuda on Wednesday registered strong objections with the US state of Illinois, which has introduced legislation listing Antigua and Barbuda and ten Caribbean Community (CARICOM) countries along with six other Caribbean jurisdictions as tax havens. In letters to Speaker of the House of Representatives of the Illinois General Assembly, Michael Madigan and House Representative…

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  • Photo of PM Mitchell pushes collaborative approach to development of high quality statistics

    PM Mitchell pushes collaborative approach to development of high quality statistics

    Prime Minister of Grenada, the Dr. the Hon. Keith Mitchell is on a mission to solicit increased support for the development of quality statistics. His mission comes in the wake of the approval of the CARICOM Statistics Action Plan last year, and as part of efforts to advance the 2030 Sustainable Development Agenda. The Prime Minister, who is CARICOM’s Lead Head…

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  • Photo of Private sector development in Caribbean pivotal – Barbados PM

    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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  • Photo of Caribbean States must combine resources and expertise -President Granger on first day of official visit to The Bahamas

    Caribbean States must combine resources and expertise -President Granger on first day of official visit to The Bahamas

    (March 2, 2017) President David Granger, who arrived in The Bahamas on an official visit, this afternoon said that much of the economic and unemployment problems facing the Region can be solved if Caribbean States work to combine their resources, talents and expertise. The Head of State made these remarks, during an interview with ZNS News of the Broadcasting Corporation…

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  • Photo of Guyana seeks technical support for oil and gas take-off

    Guyana seeks technical support for oil and gas take-off

    PRESIDENT David Granger on Thursday held discussions with top oil and gas officials of Trinidad and Tobago during a meeting at his Shiv Chanderpaul Drive office. T&T Minister of Energy and Energy Industries, Ms. Nicole Olivierre and Deputy Permanent Secretary in her ministry, Mr. Andre Laveau, met with Mr. Granger and Guyana’s Minister of Natural Resources, Mr Raphael Trotman. The Head…

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  • Photo of Caribbean Export Creates Opportunities for Regional Trade between CARIFORUM and the FCOR & OCT Territories

    Caribbean Export Creates Opportunities for Regional Trade between CARIFORUM and the FCOR & OCT Territories

    The Caribbean Export Development Agency (Caribbean Export) hosted a Business Forum on June 25th, 2014 for private sector firms as well as other key stakeholders from CARIFORUM, the French Caribbean Outermost regions (FCORs) and EU Overseas Countries and Territories (OCTs) in the Caribbean, with the aim of facilitating greater trade between the territories on the island of Grand Cayman. Despite…

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  • Take intra-regional trade seriously

    “We cannot tax or borrow our way out of our current situation; nor will such actions place us on a sustainable path of growth and further development.” This was the clear statement coming from Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, as he stressed that an increase in the export of goods and services would…

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  • COTED engages private sector

    (CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana)     Trade Ministers of the Caribbean Community (CARICOM) will hold discussions with the Region’s private sector on Saturday, 10 May, 2014, during the 38th Ministerial Meeting of the Council for Trade and Economic Development (COTED). COTED opens on Friday 9 May, 2014, and will focus its attention on a number of critical areas including an…

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  • Photo of CARICOM and Mexico leaders hold third summit

    CARICOM and Mexico leaders hold third summit

    (CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana)     Agriculture and disaster risk reduction take centre stage as Heads of Government of the Caribbean Community (CARICOM) and Mexico gather in Merida, Mexico for their Third Summit on Tuesday 29th April. The Summit will be preceded earlier in the day by a meeting of the Foreign Ministers. In 1974 Mexico became the first country…

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