September 19, 2021

Youth and Trade Governance: Pulling up and Changing di Riddim

Alicia Nicholls This week I had the honour and pleasure of being a presenter on the “Redefining Trade Governance” panel at the United Nations Conference …

Caribbean Trade and Development News Digest – September 5-11, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of September 5-11, 2021! We are pleased to bring you the major trade and development …

My latest piece for IFC Review: “Why FATF’s Workstream on Unintended Consequences Matters to IFCs”

Please see the link to the online version of my latest piece in IFC Review’s Economic Review entitled “Why FATF’s Workstream On ‘Unintended Consequences’ Matters …

Introduction to Afronomics Blog Symposium – ‘Prospects for Deepening Africa-Caribbean Economic Relations’

I am pleased to share that the Afronomics Law Blog Symposium entitled “Prospects for Deepening Africa-Caribbean Economic Relations”, which I am co-convening with the brilliant …

Caribbean Trade and Development News Digest – August 30-September 4, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of August 30-September 4, 2021! We are pleased to bring you the major trade and …

Starting Monday! Afronomics Symposium on Africa-Caribbean Economic Relations

I am pleased to share that the Afronomics Law Blog Symposium entitled “Prospects for Deepening Africa-Caribbean Economic Relations”, which I am co-convening with the brilliant …

Historic first CARICOM-Africa Summit – LIVE STREAM

Alicia Nicholls Days after the first ever United Nations (UN) International Day for People of African Descent was celebrated, there will be the first ever …

World exports of intermediate goods increased 20% in Q1, says WTO

Alicia Nicholls According to a World Trade Organization (WTO) quarterly report released on September 2, global exports of intermediate goods saw a 20% year on …

Caribbean Trade and Development News Digest – August 22-28, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of August 22-28, 2021! We are pleased to bring you the major trade and development …

My Opinio Juris piece: Will FDI help or hinder SDG achievement in the Caribbean?

This week I was pleased to contribute a piece to a timely Investment Law Symposium entitled “Is Foreign Direct Investment a Blessing or a Grift?” …

Caribbean Trade and Development News Digest – August 15-21, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of August 15-21, 2021! We are pleased to once again bring you the major trade …

Global tax reforms and Caribbean countries’ investment policy implications

Alicia Nicholls As of August 12, all Caribbean Community (CARICOM) Member States have now endorsed the Organisation for Economic Cooperation and Development (OECD) statement on …

New CARICOM SG committed to a more ‘inclusive’ community

Alicia Nicholls Newly installed Caribbean Community (CARICOM) Secretary General, Dr. Carla Barnett, has voiced her commitment towards greater stakeholder engagement for a “truly integrated, inclusive …

Caribbean Trade and Development News Digest – August 8-14, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of August 8-14, 2021! We took a much-needed month-long vacation break and are pleased to …

New CARICOM SG to take office Monday

CARICOM Secretariat: An Installation Ceremony for the new Secretary-General of the Caribbean Community (CARICOM), Dr Carla Barnett, will be held on Monday 16 August 2021, …

Caribbean Trade and Development News Digest – July 4-10, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of July 4-10, 2021! We are pleased to bring you the major trade and development …

CARICOM DECLARATION ON REDEDICATION TO CSME IMPLEMENTATION

Heads of Government of the Caribbean CommunityST JOHN’S DECLARATIONON REDEDICATION TO CSME IMPLEMENTATIONWE, the Heads of Government of the Caribbean Community (CARICOM), meeting virtually on …

COMMUNIQUÉ ISSUED AT THE CONCLUSION OF THE FORTY-SECOND REGULAR MEETING OF THE CONFERENCE OF HEADS OF GOVERNMENT OF THE CARIBBEAN COMMUNITY (CARICOM), 5-6 JULY 2021

CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana – Wednesday, 7 July 2021)   –   The Forty-Second Regular Meeting of the Conference of Heads of Government of the …

Caribbean Trade and Development News Digest – June 20 – 26, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of June 20-26, 2021! We are pleased to bring you the major trade and development …

SDG Index 2021: How did Caribbean countries perform?

Photo credit: The United Nations Alicia Nicholls The novel coronavirus (COVID-19) pandemic has been a significant setback for countries’ achievement of the 17 United Nations …

What might a global minimum corporate tax mean for Caribbean International Financial Centres (IFCs)?

Image by Gerd Altmann from Pixabay  Alicia Nicholls and Tammi Pilgrim Finance ministers of the world’s seven richest democracies (the Group of 7 or G7) have committed to …

Caribbean Trade and Development News Digest – June 6 – 12, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of June 6-12, 2021! We are pleased to bring you the major trade and development …

G7 finance ministers commit to 15% global minimum corporate income tax rate

Alicia Nicholls Finance ministers and Central Bank governors of the Group of 7 (G7) have committed to a global minimum tax of at least 15% …

Caribbean Trade and Development News Digest – May 30 – June 5

Welcome to the Caribbean Trade and Development News Digest for the week of May 30-June 5, 2021! We are pleased to bring you the major trade and …

Caribbean Trade and Development News Digest – May 23-29

Welcome to the Caribbean Trade and Development News Digest for the week of May 23-29, 2021! We are pleased to bring you the major trade and development …

Call for Submissions: Trade, Law & Development Journal (Winter 2021)

Call for Submissions General Issue, Vol. 13, No. 2 (Winter’21) The Board of Editors of Trade, Law and Development, a Journal published by the National Law University, Jodhpur, is …

Happy Africa Day from the Caribbean!

Happy Africa Day! This day, celebrated in African countries and in several other countries around the world, commemorates the foundation of the Organisation of African …

Deadline Extended (June 4) – Call for Blogs – Afronomicslaw Symposium: Prospects for Deepening Africa-Caribbean Economic Relations

Convenors: Alicia Nicholls Ohio Omiunu Total trade volumes between African and Caribbean countries remain small, but the potential and opportunities for enhancing trade, investment and economic cooperation …

Caribbean Trade and Development News Digest – May 9-15, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of May 9-15 2021! We are pleased to bring you the major trade and development …

Making the UK-CARIFORUM EPA Work for Post-Brexit UK-CARIFORUM Trade

Alicia Nicholls As of January 1, 2021, the formal trading relationship between the United Kingdom (UK) and CARIFORUM countries (with the exception of Haiti) is …

What lies ahead for the incoming CARICOM Secretary-General?

Photo credit: CARICOM (Photo of incoming CARICOM SG, Dr. Carla Barnett) Alicia Nicholls On August 15, 2021, Dr. Carla Barnett will formally assume office as …

What does the CARICOM Secretary-General do?

Photo credit: CARICOM Alicia Nicholls Belizean Dr. Carla Natalie Barnett has been unanimously selected by Heads of Government of the Caribbean Community (CARICOM) to be …

Belizean Dr Carla Barnett will be next CARICOM Secretary-General

Belizean Dr. Carla Barnett has been unanimously selected by CARICOM Heads of Government to be the next Secretary-General of the Caribbean Community (CARICOM). She will …

Afronomicslaw Symposium: Prospects for Deepening Africa-Caribbean Economic Relations – Call for Blogs (Deadline: May 14)

Convenors: Alicia Nicholls Ohio Omiunu Total trade volumes between African and Caribbean countries remain small, but the potential and opportunities for enhancing trade, investment and economic cooperation …

Caribbean Trade and Development News Digest – May 2-8, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of May 2-8, 2021! We are pleased to bring you the major trade and development …

CARICOM Council for Foreign and Community Relations holds 24th Meeting (Virtual) – 6-7 May 2021

(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana)     The Twenty-Fourth Meeting of the Council for Foreign and Community Relations (COFCOR) of the Caribbean Community (CARICOM) was held …

Closer Africa-Caribbean Relations: A COVID ‘legacy good’?

Alicia Nicholls Without doubt, if one considers the significant loss of life, human suffering and economic hardship inflicted by the novel coronavirus disease (COVID-19) since …

Caribbean Trade and Development News Digest – April 25 – May 1, 2021

Happy International Labour Day 2021 to all! Welcome to the Caribbean Trade and Development News Digest for the week of April 25-May 1, 2021! We are pleased …

Caribbean Trade and Development News Digest – April 18-25, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of April 18-25, 2021! We are pleased to bring you the major trade and development …

Afronomicslaw Symposium: Prospects for Deepening Africa-Caribbean Economic Relations – Call for Blogs (Deadline: May 14)

Convenors: Alicia Nicholls Ohio Omiunu Total trade volumes between African and Caribbean countries remain small, but the potential and opportunities for enhancing trade, investment and economic cooperation …

Caribbean Trade and Development News Digest – April 11-17, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of April 11-17, 2021! We are back from our brief hiatus and are pleased to …

Lewis’ Industrialisation by Invitation Model and the COVID-19 Conundrum

Alicia Nicholls The COVID-19 shock inflicted on Caribbean economies and societies is both deep and multi-sectoral. The shockwaves will be palpable for years to come. …

COVID-19: Side Effects on the World

Image by Alexandra_Koch from Pixabay Renaldo Weekes, Guest Contributor COVID-19 has been characterised by the disruption of many systems and procedures that the world uses …

Caribbean Trade & Development News Digest – March 14-20, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of March 14-20 2021! We apologise for the delay in this week’s edition and are …

Tenth UK-Caribbean Forum: COMMUNIQUÉ

Source: CARICOM Secretariat Introduction The Tenth United Kingdom-Caribbean Ministerial Forum was held virtually on 18 March 2021. The Governments of the United Kingdom and the …

UK releases ‘Global Britain in a Competitive Age Strategy’; Pivots to Indo-Pacific

Image by Clker-Free-Vector-Images from Pixabay  Alicia Nicholls Coming hot on the heels of the publication of the United States Trade Representative’s (USTR) annual President’s Trade Policy agenda and …

Barbados announces Post-COVID-19 Foreign Policy and Trade Strategy

Alicia Nicholls Barbados will make expanding trade levels and deepening cooperation with both traditional and non-traditional partners central planks of its post-COVID-19 economic recovery strategy. …

Afronomicslaw Symposium: Prospects for Deepening Africa-Caribbean Economic Relations – Call for Blogs

Convenors: Alicia Nicholls Ohio Omiunu Total trade volumes between African and Caribbean countries remain small, but the potential and opportunities for enhancing trade, investment and economic cooperation …

Afronomicslaw Call for Blogs: African-Asian Relations: Fostering Trade and Investment in Times of Crisis

By: Clair Gammage Olabisi D. Akinkugbe James Thuo Gathii A core legacy of the New International Economic Order of the 1970s is the rise of …

WTO: New DG Okonjo-Iweala officially assumes office and delivers maiden speech

Alicia Nicholls On March 1, 2021, and after a protracted selection period, the World Trade Organization (WTO)’s seventh and first female Director-General, Dr. Ngozi Okonjo-Iweala …

Caribbean Trade & Development News Digest – February 22 – 28, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of February 22-28, 2021! We apologise for the delay in this week’s edition and are …

President Biden’s Trade Policy Agenda 2021 Released

Alicia Nicholls The Office of the United States Trade Representative (USTR) today released the eagerly anticipated 2021 Trade Agenda and 2020 Annual Report to Congress. …

COMMUNIQUÉ ISSUED AT THE CONCLUSION OF THE THIRTY-SECOND INTERSESSIONAL MEETING OF THE CONFERENCE OF HEADS OF GOVERNMENT OF THE CARIBBEAN COMMUNITY, 24-25 FEBRUARY 2021

 (CARICOM Secretariat, February 25, 2021) The Thirty-Second Intersessional Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) was held virtually on …

Blacklisting discussed at CARICOM Inter-Sessional Meeting

Image by angelo luca iannaccone from Pixabay Alicia Nicholls The arbitrary inclusion by the European Union (EU) of some Caribbean Community (CARICOM) Member States on …

A Conversation with Prime Minister of the Republic of Trinidad and Tobago and Chairman of CARICOM Keith Rowley

Please join the Atlantic Council on Friday, February 26, from 10:00-10:30 a.m. EST / 11:00-11:30 a.m.  AST, for a conversation with Prime Minister of Trinidad and Tobago …

Vaccinate now, vaccinate everyone: Vaccines, viruses and the war for immunological supremacy

Image by hakan german from Pixabay By Dr. Garrey Michael Dennie, Guest Contributor In the late 60’s and early 70’s the polio virus swept through …

The need for a CARICOM Trade and Development Strategy

Alicia Nicholls Last week the European Union (EU), one of the Caribbean Community (CARICOM)’s largest and key trading partners, released a communication outlining what would …

Caribbean Trade and Development News Digest – February 14 – 21, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of February 14-21, 2021! We are pleased to bring you the major trade and …

US Rejoining Paris Agreement: Important Step Forward but Giant Leaps Still Needed

Image by Gerd Altmann from Pixabay “And just like we need a unified national response to COVID-19, we desperately need a unified national response to …

CARICOM and Canadian Foreign Ministers to Meet

Image source: CARICOM Secretariat (CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana – Thursday, 18 February 2021)  –  The Foreign Ministers of CARICOM and Canada will meet virtually on …

Caribbean Trade and Development News Digest – February 7 – 13, 2021 – The Love of Trade Edition!

Welcome to the Caribbean Trade and Development News Digest – The Love of Trade Edition for the week of February 7-13, 2021! Happy Valentine’s Day …

Book Launch of Amb Bernal’s “Corporate versus National Interest in US Trade Policy”

Alicia Nicholls Fellow trade nerds and other avid trade followers, today, Sunday, February 14, will be the launch of Ambassador Dr. Richard Bernal’s latest book, …

Caribbean Trade and Development News Digest – January 31- February 6, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of January 31-February 6, 2021! We are pleased to bring you the major …

WTO DG Race: Okonjo-Iweala secures Biden-Harris support

Alicia Nicholls After several weeks of speculation over whether it would maintain the United States (US) objection to the selection of Dr. Ngozi Okonjo-Iweala as …

The Real Economic Costs of Inefficient Institutions and Political Systems in the Caribbean

Guest Contribution by The Inclusive Agenda “The future of growth and prosperity of the region must be underpinned by efficient, well-functioning, transparent institutions.” Perry Douglas, …

Caribbean Trade and Development News Digest – January 24-31, 2021

Welcome to the Caribbean Trade and Development News Digest for the week of January 24-31, 2021! We are pleased to bring you the major trade …

EU-CARIFORUM EPA Monitoring Report finds five-fold increase in EU FDI to CARIFORUM

Alicia Nicholls Foreign Direct Investment (FDI) from the European Union (EU) increased five-fold to CARIFORUM countries on a whole over the period 2013-2017, with the …

Caribbean Trade & Development News Digest – January 17 – 23, 2020

Welcome to the Caribbean Trade and Development News Digest for the week of January 17-23, 2021! We are pleased to bring you the major trade …

Belize and St. Kitts-Nevis Settle Trade Dispute over Brown Sugar

Belmopan (January 22, 2021): Belize and the Federation of Saint Christopher and Nevis this week settled a trade dispute that had been ongoing in the …

What’s Happened in Trade since December 2020?

Alicia Nicholls Happy New Year to all of our readers! Since our last Caribbean Trade & Development News Digest was published near the end of …

Caribbean Trade & Development News Digest – January 1-16, 2021

Happy New Year! Welcome to the first Caribbean Trade and Development News Digest for 2021! We do hope that you had a great start to …

Season’s Greetings from the CTLD Blog 2020!

Dear Readers, As is customary at this time of the year, the CLTD blog will be embarking on our annual Christmas vacation hiatus until January. …

Our top 7 global trade policy developments in 2020

Image by druckfuchs from Pixabay Alicia Nicholls Season’s greetings! It is that time of the year when we on the CTLD blog do our annual …

Caribbean Trade and Development News Digest – December 13-19, 2020 – CHRISTMAS EDITION

Season’s Greetings! Welcome to the final Caribbean Trade and Development News Digest for the year 2020. We are pleased to bring you the major trade …

EU Blacklist among issues discussed by OACPS Ministers at meeting

Alicia Nicholls A resolution on the European Union (EU)’s List of High Risk Jurisdictions for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) was …

Caribbean Trade and Development News Digest – December 6-12, 2020

Welcome to the Caribbean Trade and Development News Digest for the week of December 6-12, 2020. We are pleased to bring you the major trade …

Full Interview with CARICOM’s Assistant Secretary-General, Joseph Cox – 51st COTED Meeting – VIDEO

Many critical issues were on the agenda at the last CARICOM Council for Trade and Economic Development (COTED) meeting held virtually November 26-27, 2020. The …

Final Declaration of the 7th CARICOM-CUBA Summit Meeting

From the CARICOM Secretariat: We, the Heads of State and Government of the Caribbean Community (CARICOM) and the Republic of Cuba, gathered via videoconference on …

Caribbean Trade & Development News Digest – November 29 – December 5, 2020

Season’s Greetings! Welcome to the Caribbean Trade & Development News Digest for the week of November 29-December 5, 2020! We are pleased to bring you the major …

CARICOM-Private Sector Engagement Requires Sustainable Development as its ‘Guide Star’

Alicia Nicholls The novel coronavirus virus disease (COVID-19) pandemic has reiterated the need for Caribbean Community (CARICOM) Member States to not only diversify their economies …

CARICOM Private Sector Organisation and Caribbean Community sign MOU to support Regional Growth and Development

PHOTO CAPTION:  CARICOM Secretary-General Ambassador Irwin LaRocque (l) and CPSO Chairman Mr Gervase Warner signing the MOU GEORGETOWN, Guyana, December 4, 2020 – The CARICOM …

Caribbean Trade & Development News Digest – November 22-28, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of November 22-28, 2020! We are pleased to bring you the major trade and development …

RCEP and Caribbean-Asian Economic Relations

Photo credit: Pixabay Alicia Nicholls On November 15, 2020, fifteen Asia-Pacific countries signed the Regional Comprehensive Economic Partnership (RCEP) agreement on the sidelines of the …

Caribbean Trade & Development News Digest – November 15-21, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of November 15-21, 2020! We are pleased to bring you the major trade and development …

Caribbean Trade & Development News Digest – November 8-14, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of November 8-14, 2020! We are pleased to bring you the major trade …

Caribbean Community (CARICOM) congratulates US President-elect Biden and VP-elect Harris

The 15-Member Caribbean Community (CARICOM) has extended its congratulations to President-elect Joe Biden and Vice President-elect Kamala Harris. The congratulatory message was sent by the …

Biden/Harris Victory: What might it mean for US-Caribbean Relations?

Photo credit: Image by heblo from Pixabay Alicia Nicholls Caribbean leaders have joined with those around the world to warmly congratulate US President-elect, Joe Biden, …

Caribbean Trade and Development News Digest – November 1-7, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of November 1-7, 2020! We are pleased to bring you the major trade …

Caribbean Trade and Development News Digest – October 25 – October 31, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of October 25-31, 2020! For October, we are going pink for Breast Cancer Awareness …

Communique issued at the conclusion of the Forty-First Meeting of the Conference of Heads of Government of the Caribbean Community, via Videoconference, 29 October 2020

CARICOM Secretariat – The Forty-First Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) was held virtually on 29 October …

Deeper Caribbean trade and tourism: An aspirin for the COVID-19 ‘heart attack’?

Alicia Nicholls This week, two noted International Monetary Fund (IMF) economists in a blog post entitled “Pandemic Persistence Clouds Latin America and Caribbean Recovery” aptly …

Caribbean Trade and Development News Digest – October 18 – 24, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of October 18-24, 2020! For October, we are going pink for Breast Cancer Awareness …

Caribbean Trade & Development News Digest – October 11-17, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of October 11-17, 2020! We are going pink for Breast Cancer Awareness Month! …

Applied Intelligence: A Strategy for the Caribbean’s Future Prosperity

Image by Gerd Altmann from Pixabay “China’s engagement in the region does not necessarily have to be negative, it could be a big positive for …

G.O. Lynch COVID-19 Risk Management Webinar Series II – November 2020

I’m excited to be one of the speakers in the second part of this G.O. Lynch Risk Management Webinar II series entitled “Stripdown and Re-dress …

Caribbean Trade and Development News Digest – October 4-10, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of October 4-10, 2020! We are pleased to bring you the major trade …

The US 2020 Presidential Elections: What’s at stake for the Caribbean?

Photo source: Pixabay Alicia Nicholls On November 3, the American electorate, including Caribbean-Americans, will officially cast its vote for the next President of the United …

WTO on track to select first female Director-General

Alicia Nicholls The World Trade Organization (WTO) is on track to select its first female Director-General (DG). Out of an original field of eight candidates …

Caribbean Trade and Development News Digest – September 13-19, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of September 13-19, 2020! We are pleased to bring you the major trade …

Caricom SG holds discussions with US Secretary of State

(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana)     Secretary-General of the Caribbean Community (CARICOM) Ambassador Irwin LaRocque had fruitful discussions with United States Secretary of State Mr …

Caribbean Trade and Development News Digest – September 6 – 12, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of September 6-12, 2020! We are pleased to bring you the major trade …

OECS States on WTO’s provisional list of trade policy reviews for 2021

Alicia Nicholls The World Trade Organization Members of the Organization of Eastern Caribbean States (OECS-WTO Members) are among the WTO Members currently on the global …

Witnesses call for renewal of Caribbean Basin Trade Partnership Act at US House Hearing

On Thursday, September 10, 2020, the United States (US) House of Representatives’ Ways and Means Committee held a hearing to consider the renewal of the …

US House to hold Caribbean Basin Trade Partnership (CBTPA) Act Hearing this week

Photo credit: Image by Phillip Roulain from Pixabay Alicia Nicholls This week, September 10, the United States (US) House of Representatives’ Ways and Means Committee …

Caribbean Trade and Development News Digest – August 30 – September 5, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of August 30-September 5, 2020! We are back from our vacation hiatus and …

Owen Arthur: Champion of Small States

Alicia Nicholls The late Prof. The Rt. Hon. Owen S. Arthur (1949-2020) wore many professional hats – distinguished economist, politician, statesman, member of the British …

Caribbean Trade and Development News Digest – July 27 – August 2, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of July 27-August 2, 2020! We are happy to bring you the major …

Tribute to former Barbados Prime Minister the Rt. Hon Prof. Owen S. Arthur

Alicia Nicholls It is rare for me to use this blog to share intimate reflections, but permit me to make a worthy exception on this …

Caribbean Trade and Development News Digest – July 19-26, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of July 19-26, 2020! We are happy to bring you the major trade …

Caribbean Trade and Development News Digest – July 12 -18, 2020

Welcome to the Caribbean Trade & Development News Digest for the week of July 12-18, 2020! We are happy to bring you the major trade …