Caribbean Trade & Development Digest – September 9-15, 2018

Welcome to the Caribbean Trade & Development Digest for the week of September 9-15, 2018! We are happy to bring the trade and development headlines and analysis from across the Caribbean Region and the world from the past week.

REGIONAL

Laing appointed Bahamas’ WTO Chief Negotiator

Eyewitness News: Minister of Financial Services, Trade and Industry and Immigration Brent Symonette held a press conference on Sunday at the Campbell Maritime Centre to provide an update on the country’s current accession to the World Trade Organization (WTO) Accession. Read more 

Bahamas’ Top Negotiator: ‘WTO’ won’t hurt this economy 

Tribune 242: The Bahamas’ newly-appointed chief negotiator yesterday pledged this nation “cannot join the WTO on terms that injure” its economy or any major industries. Read more 

Guyana, other Caribbean countries searching for new fuel sellers following Trinidad’s refinery closure; regional tax to be waived 

Demerara Waves: In the wake of the closure of Trinidad and Tobago’s state-owned oil refinery, Petrotrin, Guyana and several other Caribbean Community (CARICOM) member states are scrambling to buy fuel from extra-regional suppliers, Foreign Minister Carl Greenidge said Monday. Read more 

All hands on deck with Windrush

The Gleaner: Article by Jamaica Minister of Foreign Affairs and Foreign Trade, the Hon. Kamina Johnson Smith, on the Jamaica Government’s approach to the ‘Windrush’ issue in the UK. Read more 

SAC issues position paper for regional integration of sugar market

The Jamaica Observer:  The Sugar Association of the Caribbean (SAC), which represents sugar producers in the Caribbean Community (CARICOM), has disclosed that it issued a position paper on the regional integration of the sugar market on September 7. Read more 

Caribbean banks support CARICOM in regional integration efforts

Caribbean News Now: The Caribbean Association of Banks (CAB) has commended the Council for Finance and Planning (COFAP) for reaffirming the commitment towards the Caribbean Single Market and Economy and its significance for the regional financial sector, at the sixth special meeting of the Council on September 4, 2018, in Barbados. Read more 

INTERNATIONAL

RCEP Negotiations Reach Critical Stage – Likely to be Inked by Year-End

ASEAN Briefing: In the sixth Regional Comprehensive Economic Partnership (RCEP) ministerial meeting held in Singapore, the negotiations for the conclusion of the proposed RCEP reached a critical stage; the top leaders from the 16-member coalition came together and pledged to endorse a package of outcomes by year-end. Read more

Trudeau sets out fall priorities, including finalising the Trans-Pacific deal as NAFTA talks continue

The Toronto Star: Canada will try to meet a Sept. 30 deadline to reach a North American free trade pact, but Prime Minister Justin Trudeau suggested Thursday the most recent timeline set by the U.S. may not be met as NAFTA talks continue. Read more 

Intrigue, impasse persist over NAFTA

Calgary Herald: With trilateral NAFTA talks having been on hiatus for most of the summer, the foreign affairs minister was in Berlin, barely one full day into a week-long diplomatic mission to Europe, when news emerged that the United States and Mexico had forged their own trade alliance in Canada’s absence. Read more

NAFTA negotiations ‘hang over heads’ of Canadian farmers, U.S. counterparts

CBC (Canada): The tough talk between Canada and the U.S. around NAFTA negotiations is having real-life consequences for those working in the industry every day.  Read more 

Canada working on WTO Reform: Report

MoneyControl: Canada is working on a project for the reform of the World Trade Organisation (WTO) and aims to organise international talks on the subject next month, Canadian sources said Friday as US pressure on the body mounts. Read more

Canada-EU trade, one year on; Imports rising faster than exports

CBC (Canada): When the Canadian government talks about trade diversification, the agreement it puts in the window is its wide-ranging trade deal with the European Union, which started to take hold one year ago this week. Read more 

USTR Publishes Agreed Outcomes from US-Korea FTA Amendment and Modification Negotiations

USTR:  Today, the Office of the United States Trade Representative and Korea’s Ministry of Trade, Industry, and Energy published the agreed outcomes of the negotiations to amend and modify the U.S.-Korea (KORUS) Free Trade Agreement. Read more 

Japan and Vietnam urge US to rejoin Pacific trade deal

Gulf Times: Japan and Vietnam yesterday urged the United States to rejoin a sprawling Pacific trade deal, almost two years after President Donald Trump’s withdrawal dealt a major blow to what would have been the world’s largest free trade pact. Read more

Canada requests consultations with China on compliance with paper duties ruling

WTO: Canada has requested consultations with China regarding China’s alleged non-compliance with the recommendations and rulings of the Dispute Settlement Body in the dispute concerning Chinese anti-dumping duties on imports of Canadian cellulose pulp (DS483). The request was circulated to WTO members on 12 September. Read more

Azevêdo urges Commonwealth to play full part in strengthening the multilateral system

WTO: Speaking at a meeting of WTO Commonwealth members held at the WTO on 11 September, Director-General Roberto Azevêdo said the support provided by Commonwealth members for the multilateral trading system is hugely important. Read more 

Jean-Claude urges EU to offer free trade agreement to Africa

The Punch: European Commission President Jean-Claude Juncker on Wednesday, urged the European Union to offer a free trade agreement to the whole of the African continent and a new investment alliance. Read more 

‘Moving into the heart of negotiations’ for Africa’s free trade agreement

RFI: The African Continental Free Trade Area agreement makes some big promises about removing barriers to trade and freeing up the flow of goods and services.  Read more 

Totally wrong! Brexit stalemate as EU says NOTHING will be agreed this week

The Sunday Express: EU officials have crushed rising hopes of a breakthrough on the question of the Irish border when leaders meet for Wednesday’s summit in Salzburg, with one dismissing the suggestion as “totally wrong”. Read more 

Can international trade agreements help to introduce labour reforms?

South China Morning Post: Labour advocates have long complained international trade agreements are driven by corporate agendas and pay little attention to the interests of working people. Read more 

Liked this issue? To read past issues of our weekly Caribbean Trade & Development Digest, please visit here. To receive these mailings directly to your inbox, please follow our blog.

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