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Trade officials advance preparations for ministerial talks in Guyana

(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana – Wednesday, 13 November 2024) – Senior trade officials have advanced preparation for the Fifty-Nineth Ministerial Meeting of the Council for Trade and Economic Development (COTED) scheduled for 27-28 November in Georgetown, Guyana.

COTED is a CARICOM decision-making body, which, among other things, supports the production, quality control and marketing of industrial and agricultural commodities, and oversees the operations of the Single Market and Economy.

The officials met virtually from 7-8 November to review and finalise regional and external matters that will be placed on the agenda of the COTED.

Assistant Secretary-General, Directorate of CARICOM Single Market and Trade, Ambassador Wayne McCook set the tone for the meeting, underscoring its importance to rationalise key matters on the regional trade agenda. This includes outputs of the Working Group on the review of the Community’s main trade instruments – the Common External Tariff (CET) and the Rules of Origin.

Ambassador McCook urged the officials to make actionable recommendations so that the Meeting of COTED later this month, could deliver substantive and significant outcomes for the benefit of the Community.

Chair of the Meeting, Ms Barbara Williams, Deputy National Authorising Officer and Economic Partnership Agreement (EPA) Implementation Coordinator, Antigua and Barbuda said the meeting prioritised matters pertaining to the CARICOM Single Market and Economy (CSME) including free movement of Community nationals, the Revised Draft Policy on the Regulation of Mergers and Acquisitions, the dual role of the CARICOM Competition Commission, and the status of the Community Intellectual Property Framework.

Among the external trade relations matters on the agenda of the Ministerial Meeting are key multilateral developments emanating from the Thirteenth World Trade Organisation (WTO) Ministerial Conference, and CARICOM-Colombia concluding negotiations for additional preferential market access, within the scope of the 1994 CARICOM-Colombia Trade, Economic and Technical Co-operation Agreement.

Scheduled for 27-28 November, the next Ministerial Meeting will be chaired by the Hon. Everly Paul Chet Greene, Minister of Foreign Affairs, Trade and Barbuda Affairs of Antigua and Barbuda.


About CARICOM:

The Caribbean Community (CARICOM) was established on 4 July 1973 with the signing of the Treaty of Chaguaramas, which was revised in 2001 to allow for the establishment of a single market and economy. The Community comprises fifteen Member States and six Associate Members. It is home to approximately sixteen million citizens, 60% of whom are under 30 years old. CARICOM rests on four main pillars: economic integration; foreign policy coordination; human and social development; and security cooperation. Through the combined efforts to build a “Community for All”, it remains one of the best examples of integration in the developing world and is the oldest surviving integration movement.
The CARICOM Secretariat, the principal administrative organ of the Community, is headquartered in Georgetown, Guyana.

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