Caribbean Trade & Development Digest – December 4- 10, 2016
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Caribbean Trade Law & Development is pleased to share some of the major trade and development headlines and analysis across the Caribbean region and the World for the weeks of December 4-10, 2016.
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IDB Warns of Low Rate of Exports in LAC
Jamaica Observer: The Inter-American Development Bank (IDB) is warning of a lower rate of export contraction due to the stabilisation of commodity prices.Read more
Tourism Key to US-Caribbean Interests
Jamaica Observer: The Caribbean Hotel and Tourism Association (CHTA) has joined Caribbean-Central American Action (CCAA) in urging the US Senate to adopt the US-Caribbean Strategic Engagement Act of 2016 (HR 4939), which has already received bipartisan support in the House of Representatives, and which recently moved out of Senate Committee for consideration by the full Senate.Read more
Dates fixed for 2017 Ministerial Conference in Buenos Aires
WTO: WTO members have agreed that the organization’s Eleventh Ministerial Conference (MC11) will take place from 11 to 14 December 2017 in Buenos Aires, Argentina. The dates were endorsed at a 7 December meeting of the WTO’s General Council.. Read more
US Companies Dominate the Global Arms Trade Business
Forbes: According to new data on the international arms industry released by the SIPRI the world’s top 100 arms companies sold $370.7 billion worth of military equipment in 2015. Despite a 2.9 percent decrease on 2014, companies in the United States continue to dominate the trade, with 2015 sales amounting to $209.7 billion.. Read more
Beyond CETA: Building a Progressive Global Trade System
Huffington Post (Canada): For the past 30 years, economic globalization has accelerated, and its effects are felt in nearly all economic areas and the day-to-day lives of many million people in various ways..Read more
China challenges EU and US over Market Economy Status
Financial Times: China has launched a legal challenge against the EU and US over their reluctance to treat it as a “market economy” under World Trade Organisation rules.. Read more