Caribbean Trade Law and Development

Month: March 2021

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

    Total trade volumes between African and Caribbean countries remain small, but the potential and opportunities for enhancing trade, investment and economic cooperation between these two regions are encouraging based on shared historical and cultural ties. To this end, the Caribbean Community (CARICOM) has announced steps to formalize relations with the African Union (AU).Several CARICOM countries have also sought to deepen bilateral ties with individual African countries. Africa-Caribbean Economic Relations and cooperation are even more critical now as countries on both sides of the Atlantic aim to kickstart economic recovery following the devastation wrought by the COVID-19 shock. Indeed, vaccine cooperation became another form of Africa-Caribbean cooperation when the AU offered CARICOM access to some of the approved vaccines from a shipment it was receiving.

    Given the limited but promising trade and investment relationship between both regions, there is a dearth of scholarly analysis on the Africa-Caribbean economic relationship. This Symposium aims to address this gap in international economic relations scholarship through considered analytical pieces exploring aspects of this understudied relationship.

    We invite authors to submit contributions which critically analyze and examine this relationship from a variety of perspectives, including but not limited to:

    • Geo-political and economic ties (both historical and present) between these two regions; 
    • The future of trade and investment relations between both regions in light of WTO-plus mega-regional trade agreements popping up;
    • EU-ACP relations e.g. EU-EPAs and issues relating to fragmentation and dilution of negotiating positions by African and Caribbean countries;
    • The impact of COVID-19 on the vulnerability of trade and investment regimes in both regions;
    • Comparative perspectives from both regions on the role of education in the advancement of critical thought in international economic relations scholarship;
    • Comparative perspectives from both regions on the regulation of digital trade/e-commerce;
    • Africa-Caribbean collaboration in multilateral fora, e.g., WTO, ACP, Commonwealth, UNCTAD; •
    • Comparative perspectives from both regions on approaches to cooperation and regional integration; 
    • Comparative perspectives from both regions on Sustainable Development, e.g., approaches to mainstreaming regulation of renewable energy, the green and blue economy into trade and investment regimes;
    • Air Connectivity/Tourism/Travel Trade, e.g., prospects for promoting leisure and business travel between CARICOM and African countries;
    • Cultural Industries collaboration;
    • Role of the private sector in shaping future Africa-Caribbean trade and investment relations;
    • Investment relations, e.g., opportunities for Africa-Caribbean FDI, cooperation on investment rule-making reform.

    Submission Guidelines:

    Essays that are submitted as part of this symposium must be analytical and original. Authors must comply with the Afronomicslaw.org blog submission guidelines accessible here. Blogs are to be submitted to afronomicslaw@gmail.com with the title ‘African-Caribbean Relations Blog Submission’.

    Deadline for Submission of Essays:

    May 14, 2021.

    Inquiries or clarifications relating to this call should be directed to Ohio Omiunu (ohio.omiunu@dmu.ac.uk) and Alicia Nicholls (alicia.nicholls@cavehill.uwi.edu)

  • COVID-19: Side Effects on the World

    COVID-19: Side Effects on the World

    Image by Alexandra_Koch from Pixabay

    Renaldo Weekes, Guest Contributor

    Renaldo Weekes, Guest Contributor

    COVID-19 has been characterised by the disruption of many systems and procedures that the world uses to conduct business and everyday life. It follows, then, that the global economy took a severe hit when the virus spread across the world and forced many countries to close their borders and businesses to halt or slow their operations. Many began to ponder how countries, especially Small Open Economies (SOEs), would survive. Now that a year has passed since the start of the pandemic, many are eager to return to the life we once had.  Though this is possible with the availability of vaccines, there is no doubt that COVID-19 has left a scar on the world that may never be healed. In assessing this, we must consider the ways in which trade is impacted. Namely, through scams and Anti-Money Laundering (AML), tourism and immigration, and the acceleration of technological trends.

    Scams and Anti-Money Laundering

    Scams are schemes used to swindle money out of unsuspecting persons. The money gained from scams are laundered through the bank system in order to legitimize it. AML seeks to prevent the act of laundering money. In the context of the current COVID-19 pandemic, government agencies such as the Federal Trade Commission (FTC) have warned that fraudsters are sending phishing emails, posing as government agencies promising to provide aid in exchange for access to bank accounts.

    As many countries and businesses are slow to recover from the pandemic, many persons remain desperate and vulnerable to scammers who continue to exploit the situation. In light of the increase in scam activity at a time when Governments are hyper focused on providing relief, it is imperative that AML procedures are enforced to ensure that fraudsters do not slip by. National Public Radio (NPR) in the United States (US) reported that so many business requested assistance that the government could not properly vet who actually needed assistance and thus, many fraudsters slipped by. How does this relate to trade?

    Trade is driven by businesses and individuals located in different countries buying from or selling to each other. AML procedures can persuade persons seeking to do business in other countries. They indicate a jurisdiction’s commitment to stopping money laundering which can be used for things such as acts such as terrorism. Persons must be sure that their assets are safe. Scammers’ abilities to continually slip through the cracks during this crisis unscathed may serve as an indication of weak enforcement of AML procedures. Reviews of internal procedures must be prioritized. This issue is more likely to affect countries with an already undesirable AML rating, especially those that may have had the unfortunate privilege of being included on lists such as the European Union’s (EU) list of non-cooperative jurisdictions. Such lists can restrict foreign investment which is especially important to SOEs.

    Tourism and Immigration

    Tourism and immigration are two aspects of trade that are sometimes overlooked. Tourism is only associated with vacationing families and immigration associated with persons moving from one country to another permanently. However, there is more to these two areas. Tourism and immigration are predicated on the movement of people across borders and the pandemic has hindered this significantly, but how does this affect trade? We will consider tourism first. Tourism is defined by the UNWTO as “a social, cultural and economic phenomenon which entails the movement of people to countries or places outside their usual environment for personal or business/professional purposes.” It “has to do with their activities” which involves “tourism expenditure.” This definition notes that tourists travel for business, and contribute to expenditure. A paper entitled ‘Tourism and Trade: A Global Agenda for Sustainable Development’ notes that tourism counts as an export for the destination country and import for the tourists country of origin.

    Tourism expenditure directly involves several companies such as hotels, travel agencies and tour companies, and self-employed persons who focus on tourists. Indirectly, tourism involves companies that provide services to the aforementioned companies. Part of their success depends on the success of those directly impacted by tourism. It is no secret that tourism is major source of revenue for SOEs, especially those in the Caribbean. A decline in a major revenue earner for SOEs counts toward a decrease in their exports and leads to the disruption of the value chains that exist between companies that are involved in tourism.

    In addition to this, tourists aid building the brand of a country. Not only the for the sake of leisure but for the sake of investments. Each product they return home with, review of services and other infrastructure gives insight into the country. Tourists themselves can turn into possible investors. Being physically in a country provides experiences that online-only services cannot provide.

    With this coming to a sudden halt during 2020 and some countries struggling to fully reopen, it remains a struggle to regain ground for those that rely on tourism. Though the distribution of vaccines seems promising, there are reports of a third wave of the pandemic in some parts of the world. This third wave will likely result in the reinstatement of lockdowns which will further hinder the regrowth of tourism. The institution of a vaccine passport is another hindrance as those unable to receive the vaccine will not be able to travel. This is especially for those who live in relatively poor countries that must rely on the COVAX facility and the generosity of wealthier nations for vaccine doses.   

    Immigration

    Immigration, being similar to tourism in terms of the movement of people, is affected in many of the same ways as tourism. Closed borders and the institution of a vaccine passport limit rates of tourism and immigration alike. This notwithstanding, immigration affects trade and concomitant supply links in other in its own ways. Firstly, immigrants add to the number of workers within a country and this increases the capacity of businesses and investment since there would be, in theory, more productivity. Added to this is the fact that immigrants are willing to do jobs that natural born citizens of a country may not be willing to do. For example, immigrants in America perform jobs that native born Americans opt out of. This being the case, immigrants contribute greatly to the export of commodities such as agriculture as this sector is likely to be filled with immigrant workers.

    Secondly, immigrants forge links to their home country in their destination country. Immigrants have family and friends in their home country that they send remittances and other products to. In turn, they import products from their home country that may not be otherwise available in their new home. This diasporic link contributes to businesses that specially target immigrants. Recognizing the contributions that immigrants make to both their home country and their resident country, any downturn in immigration can hinder the growth of these trade links.  

    Acceleration of technological trends

    Before the pandemic began, certain practices within the global economy were trending either upward or downward. One such practice that was trending upward was the reliance on technology. The worldwide spread of COVID has pushed a work from home initiative that has made technology more of a necessity in our lives. Many businesses and governments were forced to have more online presence and reshape their operations to have more technological focus. The benefits of this include more fluidity in logistics and operations as there would be less administrative overhead. This translates to better trade fluidity since efficiency would be increased. This is especially important for SOEs that heavily rely on trade. They must have a state of the art customs system that facilitates fluid importation and exportation that serve as the lifeline of the country.

    Conclusion

    While most persons are concerned with the side effects of the coronavirus on the body, the pandemic itself will prove to have variety of side effects on the global economy at large. It may have been obvious to the majority of persons that the world would have been forced to change as result of a pandemic that has pushed the boundaries of our systems and made reconsider things once considered impossible. However, some persons may not have considered the specific ways in which the world would be changed, especially international trade. In light of increasing scams related directly the pandemic, the current limits placed on tourism and immigration, and the acceleration of trends that were already in place, it is imperative that persons be ready for the stresses and permanent changes that are in place or will be put in place as we prepare to leave COVID behind once and for all and rebuild our society and economy.

    Renaldo Weekes is a holder of a BSc. (Sociology and Law) who observes international affairs from his humble, small island home. He has keen interest in how countries try to maneuver across the international political and legal stage.

    The views and opinions expressed herein are solely those of the guest author and are not necessarily representative of those of the Caribbean Trade Law & Development Blog.

    SOURCES

    FEDERAL TRADE COMMISSION WARNING – https://www.ftc.gov/news-events/blogs/business-blog/2021/01/business-owners-latest-covid-scam-directed-you

    NPR – https://www.npr.org/2020/10/28/928792199/billions-in-covid-19-relief-loans-may-have-been-handed-out-to-scammers-report-sa

    TOURISM DEFINITION – https://www.unwto.org/glossary-tourism-terms

    TOURISM AS TRADE – https://www.intracen.org/uploadedFiles/intracenorg/Content/Publications/Tourism_and_Trade__low%20res_2014-2015-335.pdf

    DO IMMIGRANTS STEAL JOBS? – https://www.brookings.edu/blog/brookings-now/2017/08/24/do-immigrants-steal-jobs-from-american-workers/

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

    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 pleased to bring you the major trade and development news headlines and analysis from across the Caribbean Region and the world from the past week.

    THIS WEEK’S HIGHLIGHTS

    The UK released its “Global Britain in a Competitive Age” report. The UK and Canada have ratified their interim post-Brexit free trade agreement. Read more here.

    Katherine Tai has been unanimously confirmed by the US Senate as the new United States Trade Representative (USTR). Read more here.

    The Government of Barbados has announced that the 15th Quadrennial of UNCTAD (UNCTAD15) will be held virtually. Read more here

    The UK and CARICOM held their tenth UK-CARICOM Forum. Read the communique emanating from the talks and action plan here.

    My IFC Review Article: Barbados’ Welcome Stamp: A ‘Win-Win’ For ‘Stampers’ and Locals

    I recently contributed an article to IFC Review on the Barbados Welcome Stamp, where I outline the benefits of this digital nomad visa for both stampers and locals. Feel free to have a read here.

    REGIONAL NEWS

    Call for collective approach to marketing in the region

    With the unprecedented challenges facing Caribbean countries as a result of the COVID-19 pandemic, the Executive Director of Caribbean Export Development Agency, Deodat Maharaj, is adamant that it cannot be business as usual, and that there must be a collective approach to how regional firms market and sell their products to the world. Read more

    Why President Biden should follow CARICOM’s leadership during the COVID-19 pandemic

    Global Americans: Fortunately for the Caribbean Community (CARICOM), U.S. President Joe Biden has committed to re-engaging with multilateral organizations. Equally fortunate for the United States, CARICOM members have laid the groundwork on how a state or states should engage in multilateralism. Read more

    MSMEs To Benefit From Capacity-Building Interventions

    JIS: Micro, small and medium-sized enterprises (MSMEs) operating in the food industry are among stakeholders to benefit from capacity-building interventions, including improved market access, under the National Certification Body of Jamaica (NCBJ) Food Safety Management System Expansion Project. Read more

    JMEA welcomes removal of CAF on exports less than $500 US

    Jamaica Observer: The Jamaica Manufacturers and Exporters Association (JMEA) is commending the Government on the removal of the Customs Administrative Fee (CAF), for exports bearing a value less than or equal to US$500. Read more

    Husbands: Take a regional approach

    Barbados Advocate: With projections that trillions of dollars are being generated from converting waste into new products, a Barbados Government Minister does not want this country to be left behind. Read more

    Barbados to open new diplomatic offices in Kenya, Ghana and UAE

    Barbados Today: Barbados will open new diplomatic offices in Kenya, Ghana and United Arab Emirates, while at the same time extending its diplomatic mission in Asia. Read more

    Eximbank helping Trinidad and Tobago’s covid19 response

    TT Newsday: The Export Import Bank of Trinidad and Tobago (Eximbank) has been playing its part to ensure that adequate supplies of food, medicine, personal protective equipment (PPE) and other vital commodities could be imported into TT during the covid19 pandemic. Read more

    Caribbean Airlines Cargo, exporTT partner to bolster Trinidad & Tobago’s export industry

    STAT Trade Times: Caribbean Airlines Cargo has partnered with exporTT to better connect Trinidad and Tobago businesses to regional and international markets. A strategic alignment has been formed operating on the understanding that both organisations share similar goals and service many of the same clients. The areas of focus for the partnership will be information sharing, incentives and joint export promotions. Read more

    CDB – EU building capacity in Jamaica to improve export performance

    MenaFM: Greater food safety is the goal of a new project recently launched in Jamaica by the Bureau of Standards Jamaica (BSJ). The two-year activity will seek to provide BSJ’s subsidiary the National Certification Body of Jamaica (NCBJ) with capacity-building resources to assist and strengthen the country’s production of safe food products for local consumption and export. Read more

    CELAC supports CARICOM call for Global Vaccine Summit

    CARICOM: The Caribbean Community (CARICOM) welcomes the support of the Community of Latin American and Caribbean States (CELAC) for its call for a global summit to address urgently the issue of equitable access and distribution of vaccines to combat the COVID-19 pandemic. Read more

    Barbados, Belize PMs hail ‘essential’ GCF role in Caribbean

    Green Climate Fund: Caribbean leaders warned the region is facing the twin threats of climate change and COVID-19 during the Green Climate Fund’s (GCF’s) Regional Dialogue with the Caribbean Community (CARICOM). Read more

    UK Caribbean Forum recognises the challenges facing the region

    SKNVibes: On Thursday 18 March, Hon Mark Brantley joined other Foreign Ministers from CARICOM countries, Cuba and the Dominican Republic, and ministerial counterparts from the UK at the Tenth UK Caribbean Forum, the first to take place in a virtual space. Also attending were the Premiers of the British Overseas Territories in the Caribbean and Secretary General of CARICOM, Irwin La Roque. Read more

    INTERNATIONAL NEWS

    WTO Domestic Regulation in Services Talks Note Similar Goals with Regional FTAs

    IISD: During a virtual meeting on domestic regulation in services, members of the World Trade Organization (WTO) noted that several disciplines currently under negotiation at the WTO share the same goals as those of regional trade agreements such as the Regional Comprehensive Economic Partnership (RCEP). Read more

    The new EU trade strategy: What’s actually new?

    Euractiv: The new EU trade strategy unveiled by the European Commission contains much to be welcomed, but not much that is new, writes Isabelle Brachet. Read more

    UK exports to Europe fall 41% as Brexit hits trade

    CNN: Britain’s exports to Europe collapsed in January as companies grappled with new terms of trade following Brexit. Read more

    EU Begins Legal Action Against U.K. Over Brexit Violation

    Bloomberg: The European Union launched legal action against the U.K. in a major escalation of tensions between the two sides less than three months after Brexit was formally completed. Read more

    Barley battle: Australia wants WTO to step in over China trade ban

    Sydney Morning Herald: Australia will ask the World Trade Organisation to decide if China broke free trade rules over tariffs that wiped out Australia’s barley trade with the Asian nation, after negotiations between officials from both countries broke down. Read more

    Aid for Trade: time to take stock of Covid-19’s impact

    EIF: A year into Covid-19 being declared a global pandemic, this month’s Aid for Trade stocktaking event, organized by the Development Division of the World Trade Organization (WTO), offers a timely opportunity to assess impact on developing and least developed countries’ (LDC) trade needs, discuss how to make the recovery sustainable and mobilize financing where it is needed most. Read more

    FTA partners upset over India’s new rules to trace goods’ origin

    Livemint: India’s free trade partners have raised concerns at the World Trade Organization (WTO) that its insistence on additional documents to determine the origin of imported goods could raise non-tariff barriers to trade. Countries such as Japan, South Korea, Indonesia, Malaysia and Sri Lanka have sought clarifications on the new rules during India’s quadrennial trade policy review (TPR) at WTO. Read more

    Waive COVID vaccine patents to benefit poor nations, activists say

    Reuters: Doctors Without Borders (MSF) staged a protest at the World Trade Organization on Thursday against what it said was the rich world’s reluctance to waive patents and allow more production of COVID-19 vaccines for poorer nations. Read more

    U.S. appeals WTO decision in South Korea trade dispute, official says

    Reuters: The United States has appealed against a World Trade Organization recommendation that Washington revise a series of duties imposed on South Korea under then President Barack Obama, a WTO official said on Friday. Read more

    Canada ratifies interim post-Brexit free trade deal with U.K.

    RCI: Canada has ratified an interim post-Brexit free trade agreement with the United Kingdom that will allow the two countries to continue trading virtually tariff-free while Ottawa and London work on a more permanent trade deal, International Trade Minister Mary Ng announced Friday. Read more

    Analysis: Twenty years on, EU turns cold on Mercosur trade deal

    Reuters: As the European Union looks forward to a fresh start with the United States under a new president, it is riddled with doubts over another transatlantic relationship. Read more

    Norway and China Strive to Complete Free Trade Agreement Negotiations

    China Briefing: Norway and China held a video conference on March 11, 2021, between their chief trade negotiators, with a view to concluding a free trade agreement (FTA) in the near future. Read more

    STRAIGHT FROM THE WTO

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  • Tenth UK-Caribbean Forum: COMMUNIQUÉ

    Tenth UK-Caribbean Forum: COMMUNIQUÉ

    Source: CARICOM Secretariat

    Introduction

    1. The Tenth United Kingdom-Caribbean Ministerial Forum was held virtually on 18 March 2021. The Governments of the United Kingdom and the Caribbean again reaffirmed their commitment to the Forum as an important vehicle for dialogue, partnership and cooperation, reflecting the special relationship that exists between the United Kingdom, the Caribbean States and the British Overseas Territories.
    2. The Caribbean and the United Kingdom share a strong and enduring relationship based on mutual respect, trust and a shared history. The United Kingdom-Caribbean Forum continues to provide a space for sustained joint collaboration to address shared interests and concerns as well as to promote people-focused prosperity and sustainable development. Ministers affirmed the need for United Kingdom and Caribbean efforts to focus on addressing the challenges and maximising the opportunities presented by the post-COVID-19 and post-Brexit realities.
    1. Ministers also acknowledged that the COVID-19 pandemic is one of the most dangerous global threats to health, human security, prosperity and development, with devastating socio-economic impacts particularly on small and vulnerable states such as those of the Caribbean.
    2. At the Ninth United Kingdom-Caribbean Ministerial Forum, recognition was made by Ministers in their Joint Statement of the human and economic losses caused by infectious diseases, and the need to provide the necessary support. The global COVID-19 pandemic has illuminated the primacy and profile of these losses and elevated their impact. The pandemic has effectively put additional pressure on small island states’ finances and diverted critical resources away from crucial work in areas such as long-term resilience building.
    3. Ministers noted with concern that the COVID-19 crisis has exacerbated the debt situation of several Caribbean countries amidst significant GDP contraction and widening fiscal deficits. Ministers agreed on the need for timely international support for, and action on, exceptional measures to ensure debt sustainability and address new financing gaps as part of a short to medium-term economic recovery package.
    4. Ministers recognised the multi-dimensional challenge posed by the COVID-19 pandemic as an urgent and overriding priority and welcomed ongoing United Kingdom support to the Caribbean in the fight against COVID-19. Ministers also expressed their shared commitment to advocacy and action aimed at promoting and ensuring equitable access to and distribution of vaccines, including through the COVAX facility. The United Kingdom undertook to work with the Caribbean to build back better and more inclusively to strengthen long-term resilience, recognising that the pandemic has demonstrated the necessity and urgency of working together both regionally and internationally particularly in vaccine rollout and distribution, and the procurement of medical supplies and equipment.
    5. Ministers, recognising that no one is safe until everyone is safe, acknowledged the call from CARICOM Heads of Government for an urgent Global Summit to address inequitable access to, and distribution of vaccines to be convened in coordination with the World Health Organisation’s Access to COVID-19 Tools (ACT) Accelerator.
    6. Ministers noted the priority accorded by Caribbean countries to agriculture and food and nutrition security in the context of post-COVID-19 economic recovery, building resilience and achieving sustainable development. Ministers committed to exploring co-operation and investment possibilities in this area in the context of the United Kingdom-Caribbean partnership.
    7. Ministers paid tribute to the over half a million West Indians who have made an immeasurable contribution to the socio-economic fabric of the United Kingdom by helping the United Kingdom’s public services and economy to thrive. They have built their lives and their homes in the United Kingdom, and have done much for this country, significantly contributing to communities, culture and society, making the United Kingdom stronger, more vibrant, more inclusive, and more successful as a nation.
    8. This includes the significant contribution of West Indians of the Windrush Generation who migrated to the United Kingdom between 1948 and 1973, helping to rebuild a post-war United Kingdom as a modern and multicultural society, and developing key sectors such as the National Health Service (NHS) and the transport system across the country.
    9. Ministers welcomed the United Kingdom’s commitment to righting the wrongs of the Windrush Scandal and the decision to take swift and decisive action to make amends. This includes providing compensation to victims through the Windrush Compensation Scheme, which is making higher payments, more quickly, and implementing the recommendations of the Independent Windrush Lessons Learned Review.
    10. Ministers further welcomed the United Kingdom’s commitment to deepen its relationship with Caribbean countries, to reinvigorate, redesign and strengthen this partnership and to broaden engagement to include other stakeholders in business, the diaspora and youth. The potential and growing strength of this relationship is demonstrated by the United Kingdom’s opening of four new diplomatic missions in 2020: in The Bahamas, Antigua and Barbuda, Grenada, and St Vincent and the Grenadines. Ministers reaffirmed their commitment to the longstanding diplomatic partnership between Caribbean countries and the United Kingdom, and welcomed the United Kingdom’s deployment of additional diplomatic staffing across the Caribbean, as a further opportunity to enhance United Kingdom and Caribbean cooperation on key issues.
    11. Ministers welcomed progress made in priority areas since the Ninth United Kingdom-Caribbean Ministerial Forum held in Freeport, Grand Bahama, The Bahamas on 29-30 April 2016. They agreed to strengthen their collaborative efforts in the following areas, elaborated on in this joint Communiqué and its accompanying Action Plan.

    Prosperity and Sustainable Development

    1. Ministers committed to strengthening the promotion of economic, trade and investment relations between the United Kingdom and the Caribbean using the CARIFORUM-United Kingdom Economic Partnership Agreement (EPA) that came into effect on 1 January 2021. Ministers commended the CARIFORUM-United Kingdom EPA as a trade agreement with the potential for promoting sustainable development and being important for all parties’ recovery efforts following the economic shock of the global COVID-19 pandemic.
    2. Ministers committed to effective implementation of the EPA, including through the Agreement’s joint institutions, which would begin meeting from this year. Ministers also affirmed the EPA’s potential to support the joint ambitions of the United Kingdom and Caribbean countries to create enabling business environments for the promotion of trade and investment. The EPA will help to eliminate barriers to United Kingdom-Caribbean trade; provide preferential market access for exporters; reduce bureaucracy that restricts trade and strengthen supportive legislation to stimulate investment and growth.
    3. Ministers also reaffirmed their commitment to free trade, in an inclusive, transparent, fair, and open rules-based multilateral trading system, which recognises the special requirements of vulnerable, small economies. Ministers also agreed that the UNCTAD 15 Meeting in Barbados will provide the forum for Ministers to exchange best practices, expertise and experience to address capacity constraints, improve competitiveness and generate investment in sustainable development.
    4. Ministers welcomed the United Kingdom’s support to Caribbean development institutions, in particular the United Kingdom’s recent commitment of up to £21m to the Special Development Fund of the Caribbean Development Bank and to work in partnership with Caribbean countries to maximise the impact of this support and other spending in the region.
    5. Ministers welcomed United Kingdom support to Caribbean financial and regulatory institutions and agreed to collaborate further on international financial rules and global standards on tax transparency. Ministers agreed on the need for a framework within which Caribbean countries can be regularly consulted and included in the rules-making opportunities and processes which affect their economies. The United Kingdom agreed to advocate on behalf of Caribbean countries in multilateral fora, including the G7, G20 and OECD, to facilitate enhanced understanding and more effective discussions between the large and more established, and new and emerging financial centres.
    6. Ministers acknowledged that although several Caribbean countries have medium to high per capita GNI, giving the impression of wealth; they suffer disproportionately from diseconomies of scale, external economic shocks and catastrophic climatic events, which significantly and gravely impact their economies and societies; and that determining access to finance, ODA graduation and “differentiation”, based on their GNI per capita, uses a measure known to work poorly for small states. This can mean the end of support before those states have resilience, as opposed to alternative approaches that reduce these risks, including the use of a multi-dimensional vulnerability index.
    7. Ministers recognised the debt vulnerabilities for some Caribbean countries, and noted the importance of strengthening debt management capacity and transparency to support future debt sustainability.
    8. Ministers stressed the importance of increased awareness of the underlying vulnerabilities of the Small Island Developing States and agreed that these challenges are further compounded by difficulties in mobilising and securing concessional financing. Ministers agreed that joint action is required to address the unique challenges and vulnerabilities of small island states and that they must be supported in their efforts to participate fully and to contribute to sustainable development and prosperity for their people, empowering women, girls and marginalised people, advancing gender equality and leaving no-one behind.
    9. Ministers raised concerns over the threat posed to their financial stability by de-risking by international banks, which has resulted in the withdrawal, restricted access to, and higher costs of correspondent banking services to the Caribbean banking sector, alongside the negative impact on trade, investment, remittances and the regions’ ability to integrate into and benefit from the global financial, trade and economic systems.
    10. Ministers recognised the importance of maintaining progress in strengthening their respective AML/CFT frameworks in accordance with the Financial Action Task Force’s (FATF) international standards for combatting money laundering, terrorist financing, and WMD proliferation financing.
    11. Ministers reiterated their commitment to continue their ongoing efforts to comprehensively meet the FATF standards and ensure the Caribbean Financial Action Task Force (CFATF) is sufficiently resourced and equipped to enact its primary responsibility of assessing its Caribbean members against these standards.

    Climate Change and the Environment

    1. Ministers acknowledged that COP26, which will be hosted by the United Kingdom in November 2021, will provide an opportunity for both the United Kingdom and the Caribbean to further demonstrate their leadership on ambitious climate action, including through enhanced and updated Nationally Determined Contributions and Long-Term Strategies with pathways to net zero and Adaptation Communications.Ministers expressed their commitment to implementing the UNFCCC Gender Action, delivering gender-responsive climate finance, policies, plans, strategies and action and delivering on the needs and priorities of those that are disproportionately impacted by climate change, including people living in poverty, women and girls, people with disabilities and marginalised groups.
    2. Ministers signalled 2021 as a year of high ambition on climate change and agreed to commit to further explore practical partnerships in accessing green and blue finance, supporting adaptation, embedding climate resilience as well as working with new partners to optimise energy resources and create appropriate regulatory and policy frameworks for private sector investment.
    3. Ministers also expressed their concern about the role of gender and other inequalities in exacerbating vulnerability to disasters. In their approach to assessing risks in crises, Ministers set out their commitment to considerthe impact of gender, age and disability; prevent and respond to gender-based violence, and support lifesaving sexual and reproductive health services.
    4. Ministers underscored the climate vulnerability of Caribbean countries, which are among those at greatest risk from rising sea levels and extreme weather events.  Ministers noted that almost all the region’s populations and economic infrastructure lie within five kilometres of the sea, and recognised the additional challenges stemming from a lack of regional capacity and financial ability to mitigate and adapt to the effects of climate change. Work is needed to ensure funding and expertise on Adaptation and Resilience is deployed effectively.
    5. Ministers also underscored the important role of Standing Forests in maintaining climate stability, combating climate change and managing freshwater and ecosystems. Ministers agreed on the need for prioritising mitigation efforts in the combatting of impacts of climate change and support for the preservation and sustainable utilisation of forest resources.
    6. Ministers recognised the efforts by United Kingdom and Caribbean humanitarian and military staff and local authorities, working side by side, to provide life-saving humanitarian support in states in the region affected by hurricanes. Ministers committed to further sharing of technical expertise with and among Caribbean countries, in preparing not only for natural disasters, but also for other types of major events, such as cyber-attacks or public health incidents, using both formal and informal networks.
    7. Ministers confirmed their commitment to comply with existing international obligations regarding support to distressed cruise vessels. Ministers also confirmed that the United Kingdom and Caribbean countries will support each other in efforts to repatriate their nationals from such vessels.
    8. Ministers agreed to work together to address the challenges faced by Caribbean countries in accessing finance to respond to natural disasters, both for short-term recovery and longer-term resilience building. This includes looking at opportunities for greater disaster risk and insurance provision, and improved access to climate adaptation financing.
    9. Ministers reviewed their strong partnership in the field of disaster resilience. They noted examples of progress made since the last Forum, including in 2017, the increased commitment to £330m grant funding for the United Kingdom Caribbean Infrastructure Fund (UKCIF), which invests in climate and disaster resilient economic infrastructure in Antigua and Barbuda, Belize, Dominica, Grenada, Guyana, Jamaica, St Lucia and St Vincent and the Grenadines and Montserrat. They expressed satisfaction that most projects had now received approval for the capital phase, and that works have begun.
    10. Ministers also noted progress with the United Kingdom’s £43.8m Strengthening Health Facilities Programme, which is supporting the upgrading of 60 health facilities across the region to higher standards of climate and disaster resilience and developments with respect to disaster risk financing tools, shock responsive social protection and recovery planning.
    1. Ministers agreed that a healthy ocean and the natural environment are critical to human health, wellbeing, prosperity,and climate resilience. Ministers alsorecognised with concern that biodiversity is declining faster than at any time in human history. Ministers confirmed their strong determination to halt and reverse biodiversity loss by 2030. Ministers thanked those countries who had indicated their support for a global “30by30” ocean protection target via the Global Ocean Alliance, High Ambition Coalition for People and Nature, and High Level Panel for a Sustainable Ocean Economy and looked forward to welcoming additional countries in the region.Ministers also acknowledged the importance of protecting and conserving coastal and marine areas, particularly their biodiversity and ecosystems, and Ministers looked forward to the agreement of ambitious targets in the post-2020 Global Biodiversity Framework.
    2. Ministers also recognised the value of the Commonwealth Marine Economies Programme offered by the United Kingdom in supporting Caribbean Small Island Developing States to grow their marine economies, to create jobs, drive national economic growth, reduce poverty, ensure food security and build resilience. As such, Caribbean Ministers encouraged its continuation and expansion where possible.

    Our Shared Values

    1. Ministers noted that education has long been an area of deep collaboration between the United Kingdom and the Caribbean, with almost 300 Caribbean Chevening Scholars and 81 Commonwealth Scholarship Commission Scholars having studied in the United Kingdom since the last Forum in 2016, and 42 Commonwealth Distance Learning Scholars having registered for study at United Kingdom universities in this period. The United Kingdom looked forward to growing these links by welcoming further Chevening and Commonwealth Scholars later in 2021 and beyond. Collaboration will be further supported by a recently launched British Council scholarship scheme for the next generation of women and girls in STEM to study at United Kingdom Universities for master-degrees, open to Jamaican and Cuban applicants. The British Council is also committed to working across Caribbean countries to allow 15,000 more people to gain United Kingdom professional and university qualifications by 2024.
    2. Ministers acknowledged the mutual benefit brought about by work of the British Council more broadly to the United Kingdom and to Caribbean countries. They will continue to support programmes that develop skills of young people to improve their opportunities for the future. These programmes have influenced change of practice in schools, benefitting about 10,000 students and reaching about 8.2 million people through online engagement, readership and broadcast in Jamaica, and across other Caribbean countries and the diaspora since 2017.
    3. Ministers welcomed the United Kingdom’s commitment to ensuring people in tertiary education and research institutes across the Caribbean will continue to have access to scholarships, training and internships, and encourage collaboration with academic, technical and vocational institutions in the United Kingdom.
    4. Ministers further welcomed initiatives to support exchanges between the brightest and best talent from across the United Kingdom and the Caribbean, including scientists, innovators, academics, and those with special skills in advancing the shared prosperity agenda. In particular, Ministers applauded the recent announcement by the United Kingdom of a new graduate route which, from summer 2021, will allow students from the Caribbean to stay in the United Kingdom for two years (three years for PhD students) once they have successfully completed their studies.
    5. Ministers recognise that inclusion, gender equality and the empowerment of women, girls, people with disabilities and marginalised people is critical to national development and agree to mainstream gender equality throughout all national development plans and strategies, as well as to ensure equality of access to economic, social and political opportunities, rights, services, and at least twelve years of quality education.
    6. Ministers agreed the value of establishing programs to promote partnerships between tertiary academic institutions to prepare young leaders from the United Kingdom and Caribbean for the 21st century workplace, and encouraging them to come together to exchange ideas and to further opportunities for educational interaction.
    7. Ministers from the United Kingdom and the Caribbean countries who are members of the Commonwealth looked forward to a Commonwealth Heads of Government Meeting which – to the benefit of the whole Caribbean region – promotes sustainability, health, technology and skills, and the rule of law – in line with the values of the Commonwealth Charter; and addressing the particular needs of women and girls, youth, and small and vulnerable states.
    8. Ministers reaffirmed support for the principle and the right of self-determination for all peoples, recognising the historical importance of self-determination in the political development of the Caribbean, and its status under the United Nations Charter.
    9. Ministers reaffirmed their commitment to democracy, freedom of expression and independent, responsible and sustainable media freedom, which are essential to the self-determination of all peoples.
    10. Ministers also reaffirmed their commitment to ensuring the political, economic, social and educational advancement of their people, empowering women, girls, people with disabilities and marginalised people, and to eliminating discrimination in all its forms.
    11. Ministers welcomed the 18 December 2020 decision of the International Court of Justice that it has jurisdiction to entertain Guyana’s claim concerning the validity of the 1899 Arbitral Award, which settled the land boundary between then British Guiana and Venezuela. Ministers expressed their concern about the issuance of Decree No 4.415 on 7 January 2021 claiming exclusive sovereign rights for Venezuela in the waters and seabed adjacent to Guyana’s coast west of the Essequibo River. They called on Venezuela to follow a peaceful path of adherence to the tenets of international law.
    12. Ministers commended the efforts of Belize and Guatemala, which through referenda, have secured the consent of their peoples to refer Guatemala’s claim to the International Court of Justice (ICJ).  Ministers noted that the case arising from Guatemala’s claim is before the ICJ for final and definitive resolution, in accordance with the Special Agreement. Pending a resolution of the case before the ICJ, Ministers urge Belize, Guatemala and the Organisation of American States (OAS) to continue implementing fully the Confidence Building Measures that have been in place since 2005.  Ministers recalled the undertaking by both countries and the OAS to engage in the design and development of a mechanism of co-operation for the Sarstoon River, which defines the boundary between Belize and Guatemala, and urged both countries and the OAS to reinvigorate their efforts to this end.
    13. Ministers reaffirmed their longstanding and unambiguous support for the preservation and maintenance of the sovereignty and territorial integrity of Belize and Guyana.

    Protecting Our People

    1. Serious and organised crime and corruption continue to threaten United Kingdom and Caribbean interests, undermining the security, development and prosperity of the region, discouraging investment and contributing to high levels of violence.  Ministers resolved therefore to work together to tackle these challenges, and their enablers, and to cooperate with international and regional bodies to do so. This includes work to combat one of the key enablers, illicit finance, by denying and depriving criminals of the proceeds of crime through robust asset recovery legislation, financial investigations and prosecutions.
    2. Ministers further encouraged enhanced cooperation among member countries’ law enforcement and prosecution bodies to develop criminal justice systems fit for 21st century challenges; strengthened cooperation with the private sector, civil society and relevant international bodies tasked with combatting these issues.
    3. Ministers affirmed that an effective approach to counterterrorism is built on uniting the public and private sectors, communities, citizens and international partners around the single purpose to leave no safe space for terrorists to recruit or act. Ministers strongly condemned terrorism in all its forms and manifestations, including threats to cyber security, and committed to work together within the international community to ensure that their responses in the fight against terrorism are consistent with international law and conventions, including effective implementation of UN sanctions.
    4. Ministers noted the critical role played by cyberspace in the economic, social, cultural and political life of their countries, and its role in connecting those countries with one another and with the rest of the world.
    5. Ministers affirmed their commitment to a cyberspace that supports economic and social development and protects, and promotes all human rights, that builds the foundations of an effective national cybersecurity response and promotes stability and reliability in cyberspace through international cooperation and a series of measures outlined in the accompanying Action Plan, in conjunction with the CARICOM Cyber Security and Cybercrime Action Plan (CCSCAP).
    6. Ministers stressed the importance of protecting critical national infrastructure, old and new economies as well as preserving social equity and stability of cyberspace without compromising the values of an open, democratic, equitable, peaceful and secure internet, with full respect for human rights and fundamental freedoms. Ministers also highlighted the power and benefits of technology to promote economic growth and capacity building, while balancing these with the need to establish effective and proportionate domestic cybercrime and cybersecurity frameworks.
    7. Ministers welcomed that cyber security capacity building will continue with the United Kingdom and regional partners.  Ministers also noted the progress made in promoting online safety for citizens, improving capability and regional cooperation in responding to cyber incidents, the provision of training to tackle cybercrime, and the work to strengthen cyber security for democratic processes, in-part, supported by United Kingdom funding and cyber security expertise.

    Conclusion

    1. Ministers agreed that the shared ties between the United Kingdom and the Caribbean remain strong, and that they would strive to deepen and strengthen these links.  Ministers committed to continuing to work together to protect their people, to promote United Kingdom and Caribbean shared values, and to drive continued prosperity for all; recognising that in a world faced with unprecedented challenges, United Kingdom and Caribbean cooperation remains more vital than ever.
    2. Ministers agreed that progress against these commitments will continue to be monitored and reviewed by both sides, guided by the Communiqué and Action Plan of the Tenth United Kingdom-Caribbean Ministerial Forum, as well as the United Kingdom’s Caribbean Strategy and the Caribbean’s United Kingdom Partnership Strategy 2025.

    The preceding was from the CARICOM Secretariat. The Action Plan can be accessed here.