Caribbean Trade and Development Digest – October 23-29, 2016

Alicia Nicholls

These are some of the major trade and development headlines and analysis across the Caribbean region and the world for the week of October 23-29, 2016. 

For past issues, please visit here.

CARIBBEAN NEWS

Dominican Republic and Cuba negotiate trade agreement

Prensa Latina: Cuba”s ambassador to the Dominican Republic, Carlos de la Nuez, reported today that the two countries have begun negotiations for the signing of a partial scope trade agreement. Read more
EU-CELAC Ministerial Meeting: Santo Domingo Declaration
We, the Ministers of Foreign Affairs of the Community of Latin American and Caribbean States (CELAC) and of the European Union and the High Representative of the European Union for Foreign Affairs and Security Policy, met on the occasion of our first Inter-Summit meeting, held in the Dominican Republic on the 25th and 26th of October 2016. Read more 
US Correspondent Banks Snub Stakeholders Conference
Antigua Observer: Following what organizers have hailed as a successful Stakeholders’ Conference on Correspondent Banking Relations (CBR), Prime Minister Gaston Browne admitted that he was “disappointed” by the no-show of representatives from some of the US corresponding banks. Read more 
IDB helps thousands of LAC SMEs do business with China

Sunday Express (T&T): The Inter-American Development Bank (IDB) says it is helping thousands of small and medium enterprises (SMEs) in Latin America and the Caribbean (LAC) do business with Canada. Read more 

 

US abstains on UN resolution to end embargo against Cuba

Jamaica Observer: The United States yesterday abstained from a United Nations General Assembly (UNGA) vote on a resolution calling for an end to the decade’s old trade embargo it has imposed on Cuba, a move being regarded as an improvement in relations between the two countries. Read more 

 

Guyana wants CARICOM help is freeing up honey trade
Demerara Waves: Guyana is hoping that the Caribbean Community (Caricom) can unblock Trinidad and Tobago as the route through which honey exports must be transshipped  to regional and extra-regional markets, following a US$3,000 fine that La Parkan had to pay for violating the laws of that twin-island nation. Read more 
Caribbean poultry sector looks for import restrictions to defend industry
Caribbean News Now: While poultry farms are making serious efforts, including financial investments, to make the region self-sufficient, several issues such as illegal imports from Brazil and cheap ‘dump chicken’ from the US are harming the industry, local entrepreneurs say. Read more
CARICOM Highlights Importance of Investment for Caribbean Agriculture
Prensa Latina: The Secretary-General of the Caribbean Community (Caricom), Irwin LaRocque, highlighted today the importance of investment for boosting the development of agriculture in the region. Read more
Pacific Islands Impressed with CARICOM Agriculture
Barbados Today: The Caribbean Community (CARICOM) may have made more progress in its agricultural sector than it realises, an official from the Pacific says, as his region takes lessons from the Caribbean ahead of its first Pacific Week of Agriculture, slated to take place next year. Read more 

INTERNATIONAL NEWS

CETA: EU and Canada to sign long-delayed free trade deal

BBC: Canadian Prime Minister Justin Trudeau is finally on his way to Belgium to sign a long-delayed landmark trade deal with the European Union.He will attend a summit in Brussels where a signing ceremony planned for Thursday was cancelled after a Belgian region vetoed the agreement. Read more

Policy Prescriptions: Trump and Clinton on trade

CTV News: Donald Trump wants to blow up the way the United States does business with the rest of the world. Hillary Clinton repudiates an ambitious Asia-Pacific trade deal she once praised and vows to appoint a special prosecutor to keep U.S. trading partners in line.Read more

AGOA Non-Oil trade with Africa grows from $1.4bn to 4.1bn – US Official

Ghana Business News: Non-oil trade between African countries and the US under the African Growth and Opportunity Act (AGOA) is said to have grown from $1.4 billion in 2001 to $4.1 billion in 2015. Read more

Trans-Pacific Partnership Trade Deal Doomed, ex-PM Brian Mulroney predicts

Former prime minister Brian Mulroney says the Trans-Pacific Partnership trade deal is doomed to fail because of hostility in the U.S. Congress and widespread antipathy to trade initiatives in general.Read more

Trade Agreements Under Attack: Can they be salvaged and is it worth it?

Huffington Post: Part of the current anti-globalization backlash in advanced countries takes the form of opposition to trade agreements.Read more 

NEW ON CARIBBEAN TRADE LAW & DEVELOPMENT

Caribbean Response to Withdrawal of Correspondent Banking

CETA Trade Deal Deadlock Broken 

Citizenship by Investment receipts power economic growth in Eastern Caribbean countries 

Jamaica is Commonwealth Caribbean’s Easiest Place to do Business

Alicia Nicholls, B.Sc., M.Sc., LL.B. is a trade and development consultant with a keen interest in sustainable development, international law and trade. You can also read more of her commentaries and follow her on Twitter @LicyLaw.

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