Author: caribbeantradelaw

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

    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, on winning the US presidential election of November 3, 2020. Of particular pride for the region is that his second-in-command, Senator Kamala Harris, who has both Jamaican and Indian parentage, is not just the first woman Vice President-elect, but first person of colour and first person of Caribbean descent to ascend to such high office in the US.

    As of the time of this article’s writing, incumbent Republican president, Donald Trump, who has now lost the popular vote twice, has not yet conceded defeat and has launched several legal challenges, calling the election ‘fraudulent’.

    Beyond the symbolism of the Biden/Harris win, and assuming a peaceful transfer of power come January 20, 2021 (the date set for Biden’s inauguration), what does the Biden/Harris victory portend for the future of US-Caribbean relations?

    Who are Joe Biden and Kamala Harris?

    Joe Biden, who is 77 and will be 78 when inaugurated, will be the oldest US president to assume office. This was Mr. Biden’s third run for the White House. However, he brings a wealth of experience and skills as a former long-standing Senator for the US state of Delaware where he was a member and eventually chair of the Senate Foreign Relations committee. He was also Vice President under the Obama Administration. This experience will be invaluable for the long slog ahead of him.

    His much younger Vice President, Senator Harris, is an accomplished attorney-at-law, who was the District Attorney of the City and County of San Francisco, the Attorney-General of California and currently serves as a US senator for California. Ms. Harris, who is the daughter of an Indian-born mother and Jamaican-born father, had also been a candidate for president in the Democratic primaries this election cycle.

    The long, hard task ahead

    As noted in his victory speech delivered last night in Wilmington, Delaware, President-elect Biden acknowledged the monumental task ahead of healing a politically divided nation, rescuing an economy on the brink and a country plagued by the COVID-19 pandemic and civil unrest.

    Biden’s consistent message of unity and racial equity should bring some comfort to persons of the Caribbean diaspora negatively impacted by the racially charged rhetoric and divisiveness that marked the past four years of the Trump administration. Biden has also repeatedly promised to repair and rebuild relationships with traditional American allies strained under President Trump, such as with the European Union (EU).

    Biden’s win will occasion a pivotal turning point in the US’ approach to the COVID-19 pandemic which the Trump administration epically mishandled. Trump, notably, suspended US funding to the World Health Organization (WHO) and consistently downplayed the seriousness of the virus, even after he himself and many of his White House staffers became infected. In contrast, one of Biden’s first acts will be to announce a 12-person COVID-19 taskforce evincing a more robust response to the virus which has so far infected over 9.5 million Americans and killed 234,000.

    The frequent saying “when America sneezes, the Caribbean catches a cold”, is not an exaggeration given that the US is the region’s largest trading partner, tourism source market and home to the Caribbean’s largest diaspora. Many Caribbean countries, dependent on US tourist arrivals, have had to classify the US as a ‘high risk’ country because of the Trump administration’s bungling of the pandemic.  A better coordinated federal approach to stem the US’ currently high coronavirus infection and death rate should benefit Caribbean countries whose tourism sectors have been particularly hard hit by the economic fall-out from the virus globally.

    On the issue of trade, it is likely that Biden will be less embracing of free trade than under the Obama/Biden administration. This is because there is growing sentiment in the US, especially in the so-called ‘Rustbelt’ states which were key to Biden’s win, that trade has not been a net positive for American workers. That being said,  a more multilateral approach and some semblance of stability and consistency should appear in US trade policy under the incoming Biden administration.

    Unlike his predecessor, Biden has expressed support for the World Trade Organization (WTO) whose relevance and operations have been undermined over the past four years.  One of the Trump administration’s latest acts has been to delay the selection of Nigeria’s Dr. Ngozi Okonjo-Iweala, the candidate deemed most likely to achieve consensus to be the next WTO Director-General. It remains to be seen whether the Biden administration will support her candidacy.  

    Biden’s victory also means that the Caribbean and the world have regained an ally in the fight against climate change, an ally which is in fact the second largest emitter of carbon dioxide (CO2) emissions. Biden has promised that the US will rejoin the Paris Climate Agreement, which the US negotiated and joined under the Obama/Biden administration and from which his predecessor withdrew just this week. Additionally, he will seek to implement his Plan for Climate Change and Environmental justice which will include measures to limit the US’ greenhouse gas (GHG) emissions.

    Biden has also indicated a more humane approach to immigration than the Trump administration which curtailed legal pathways to immigration, implemented the infamous Muslim ban and the equally inhumane family separation policy resulting in some 545 migrant children separated from their parents at the border still to be reunited with their parents.

    The Trump administration also saw US aid cuts to charities and NGOs world-wide, including in the Caribbean. This included a prohibition on aid to those which include abortion advice in the reproductive health services they provide to women. Biden is pro-choice and it is likely this policy will be reversed.

    The less certain…

    There are, of course, several unknowns. On the issue of Cuba, Biden has criticized Trump’s hard-lined approach. While we can assume Biden might take a more conciliatory approach and loosen restrictions similar to what was done under the Obama/Biden administration, it is unknown to what extent he is willing to go the extra step to finally end the US’ decades-old illegal embargo on that island nation.

    Less certain will be Biden’s approach to US-China relations which had always had its ebbs and flows, but escalated into an outright trade war under the Trump administration until the signing of the Phase 1 Trade Deal. Although not all Caribbean countries recognise the People’s Republic of China, that country’s growing economic presence in the Caribbean has been a source of some tension in US-Caribbean relations.

    Venezuela is another ally of the Caribbean which has had strained relations with the US. While it is unclear what would be Biden’s approach to the humanitarian crisis in Venezuela, he is likely to take a more multilateral and cooperative approach than the unilateral approach currently taken by the current administration.   

    Another unknown is where Biden stands on the issue of offshore international financial centres. The Obama/Biden administration had taken a particular harsh stance against Caribbean IFCs, branding them as ‘tax havens’. As I noted in a previous article, while it is hoped that VP Harris’ Caribbean ancestry might have a modulating influence on the administration’s engagement with the Caribbean, it is important for the region to remember first of all that she is an American first.

    Conclusion

    It should also be cautioned that the extent to which Biden will be successful in his legislative agenda will be dependent on whether the Democrats or Republicans control the Senate which is still undecided. That said, the Biden/Harris  presidency will mean a steadier hand at the US ship of state – a marked departure from the erraticism, unilateralism and volatility of the past four years. Like the rest of the world, the Caribbean could at the very least look forward to a more traditional US foreign policy, a more stable if more inward-looking trade policy, and a return to multilateral cooperation on some of the world’s greatest challenges, such as climate change and the COVID-19 pandemic.

    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. All views herein expressed are her personal views and should not be attributed to any institution with which she may from time to time be affiliated. You can read more of her commentaries and follow her on Twitter @LicyLaw.

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

    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 and development news headlines and analysis from across the Caribbean Region and the world from the past week.

    THIS WEEK’S HIGHLIGHT

    The WTO General Council this week postponed the meeting it had scheduled for 9 November to consider the appointment of the next WTO Director-General. Nigerian candidate Dr. Ngozi Okonjo-Iweala is the candidate for whom the WTO membership expressed support, but her selection was contested by the US. Read more here.

    Come January 20, 2021, the US will have its 46th president. US Democratic Party candidate, former Vice President under the Obama administration and Delaware Senator, Joe Biden, has been declared the President-elect, winning the US presidential election and defeating incumbent Republican president, Donald Trump. Biden’s VP pick, Senator Kamala Harris who is of Indian and Jamaican parentage, will be the female VP and the first person of colour to do so. Of particular interest to the Caribbean is that she is the first person of Caribbean heritage to rise to the office.

    On the other side of the Atlantic, ‘significant differences’ are making a post-Brexit UK-EU deal elusive, says UK PM Boris Johnson. Read more.

    Meanwhile, the UK and Kenya successfully concluded negotiations on a trade deal. Kenya would be the sixth African country with which the UK has secured a post-Brexit trading arrangement. Read more

    Regionally, Prime Minister of St. Vincent & the Grenadines, Dr. Ralph Gonsalves, was elected for an unprecedented 5th term of office. Read more

    REGIONAL NEWS

    Invest Barbados stands by its criticism of EU Blacklisting amid claims it misunderstood the issue

    Barbados Today: Invest Barbados has rubbished claims by a European Union (EU) official that there are “unfounded concerns” and misconceptions about the island’s inclusion on the EU’s list of “non-cooperative jurisdictions for tax purposes”. Read more

    Belize passes historic legislation banning gillnet fishing

    BBN: Тhіѕ wееk, thе Gоvеrnmеnt оf Веlіzе (GОВ) роѕіtіоnеd thе соuntrу аѕ а glоbаl lеаdеr іn ѕuѕtаіnаblе dеvеlорmеnt bу раѕѕіng lеgіѕlаtіоn tо bаn thе uѕе оf gіllnеtѕ, а dеѕtruсtіvе tуре оf fіѕhіng gеаr, frоm bеіng uѕеd іn Веlіzеаn wаtеrѕ. Read more

    CTO launches #TheCaribbeanAwaits campaign for Tourism Month

    LoopTT: The Caribbean Tourism Organization (CTO) has announced a social media campaign dubbed, #TheCaribbeanAwaits, in observance of Caribbean Tourism Month this month. Read more

    Panama and Guyana preparing to join Latin American hemp rush

    BBN: Аѕ аnnоunсеd bу Аttоrnеу Gеnеrаl аnd Міnіѕtеr оf Lеgаl Аffаіrѕ Аnіl Nаndlаll, Guуаnа’ѕ gоvеrnmеnt іѕ rеvіеwіng fеаѕіbіlіtу ѕtudіеѕ аnd hаѕ dіѕсuѕѕеd hеmр trіаlѕ. Іn Раnаmа, gоvеrnmеnt rерrеѕеntаtіvеѕ аnd dерutіеѕ іn thе Nаtіоnаl Аѕѕеmblу аgrееd tо fоrm а соmmіttее tо аnаlуzе hеmр’ѕ роtеntіаl fоr іnduѕtrіаl dеvеlорmеnt durіng dіѕсuѕѕіоnѕ аbоut а рrороѕеd hеmр lаw. Read more

    China and Jamaica extending bilateral trade agreements

    NYCaribNews: During a virtual meeting with China’s Ambassador to Jamaica, Tian Qi on Friday, October 30, Audley Shaw, Minister of Industry, Investment and Commerce, says he is committed to exploring the possibilities of pursuing greater cooperation with the Government of China. Read more

    Jamaica pushing to export pork, other items to China

    Jamaica Observer: The Jamaican Government is targeting the export of pork to China as the Andrew Holness Administration signals its intent to pursue greater cooperation with Beijing in areas of trade. Read more

    Jamaica, other C’bean countries to benefit from value chain intervention

    Jamaica Observer: Jamaica is benefiting from intervention aimed at strengthening the value chain for the production of indigenous black castor oil. Read more

    JSWIFT Project Being Implemented by JCA

    JIS: The Jamaica Single Window for Trade (JSWIFT) Project is at various stages of implementation by the Jamaica Customs Agency (JCA), which is spearheading the initiative’s rollout on behalf of the Government. Read more

    Challenges with CARICOM Bubble with COVID Says Dr. Ralph Gonsalves

    TV6: The chairman of CARICOM says, there is a major challenge with the CARICOM travel bubble allowing scheduled International and regional flights during the COVID-19 pandemic. Read more

    Mariano Browne: Refinery hard to restart

    Newsday: Former trade minister Mariano Browne has said many obstacles exist to a restart of the Pointe-a-Pierre refinery. Read more

    SheTrades Hub to support female entrepreneurs in Trinidad & Tobago

    LoopTT: Government has affirmed its commitment to providing opportunities to female entrepreneurs as part of driving the country’s COVID-19 economic recovery. SheTrades Hub, Trinidad and Tobago, was launched yesterday making this country the first in the Caribbean to officially launch one. Read more

    Saint Lucia, U.S. and Taiwan Deepen Investment and Entrepreneurship Partnerships

    US Embassy: In support of Saint Lucia Business Month, the U.S. and Taiwan embassies joined efforts to explore private investment and entrepreneurship opportunities with Saint Lucia. Read more

    INTERNATIONAL NEWS

    WTO Negotiating Group Hears Brazil’s Proposal on Fisheries Subsidies

    IISD: World Trade Organization (WTO) members continued discussions on addressing harmful fisheries subsidies throughout October. The 20 October meeting of the Negotiating Group on Rules heard a proposal from Brazil on percentage cuts to subsidies, and discussed the issue of proportionality in illegal, unreported, and unregulated (IUU) fishing violations. Read more

    WTO members greenlight EU sanctions against US over Boeing aid

    Euractiv: World Trade Organisation members gave the green light Monday (26 October) for Brussels to slap tariffs on $4.0 billion in US imports annually in retaliation for illegal American aid to plane maker Boeing. Read more

    Africa free trade agreement must be rolled out by January after pandemic delay – Secretariat

    News24: Wamkele Mene, Secretary General of the African Continental Free Trade Area Secretariat told delegates at the annual competition law, economics & policy conference on Wednesday that the Secretariat was at advances stages of concluding phase one of the agreement which deals with the trading of goods and services. Read more

    Rwanda-Ghana Relations to Spur Africa Trade Agenda

    AllAfrica: Rwanda and Ghana have resolved to boost bilateral relations with a broad, varied economic agenda at the core. This week, Foreign Affairs Minister Vincent Biruta was in Ghana to take part in a series of events that officials say will help to strengthen diplomatic and economic cooperation between the two countries. Read more

    Brexit: ‘Significant differences remain’ over trade deal

    BBC: Following a call with EU Commission President Ursula von der Leyen on Saturday, the PM said progress had been made but there were still issues around the “level playing field” and fishing. Read more

    Brexit talks remain deadlocked going into decisive week

    The Guardian: The Brexit negotiations remained stuck after a call between Boris Johnson and Ursula von der Leyen before a decisive week of talks. The European commission president and the prime minister both highlighted in their post-call statements the contentious issues of EU access to British waters and agreement on future rules to ensure fair competition. Read more

    Brazil to lead MERCOSUR talks; Deeper cooperation in defence, space, Ayurveda and agriculture, says India’s envoy to Brazil

    Financial Express: To further strengthen their ties, India and Brazil elevated their bilateral relations to a strategic partnership in 2006 and since then the relationship has witnessed an upward trend. President Jair Bolsonaro was the chief guest at the Republic Day this year. Read more

    Argentina wants EU to eliminate zero tariff access for Falklands’ exports

    Mercopress: Argentina held a meeting with the European Union ambassador and 21 of 27 EU members’ representatives in Buenos Aires and formally called for an end of the support for UK Falklands’ sovereignty recognition in the ongoing Brexit negotiations between Brussels and London. Read more

    US soybeans being loaded in Louisiana for Brazil

    Mercopress: A U.S. grain export terminal near Baton Rouge, Louisiana, is loading about 38,000 tons of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to Southport Agencies shipping lineup. Read more

    China’s exports surged unexpectedly last month, as pace of import growth cooled off

    South China Morning Post: China’s exports grew by 11.4 per cent in October from a year earlier while imports grew by 4.7 per cent. Read more

    Branding rights on Basmati rice: Pakistan prepares response for European Commission

    The News: Pakistan has prepared a detailed response for submission before the European Commission on December 10, 2020 in order to foil the Indian attempts for obtaining branding rights on Basmati rice, Adviser to PM on Commerce Abdul Razak Dawood said on Friday. Read more

    UK and Kenya secure a trade agreement

    Gov.uk: The UK has moved a step closer to signing a sixth trade deal in Africa today (3 November), as negotiations on a trade deal are finalised with Kenya. The agreement will ensure all companies operating in Kenya, including British businesses, can continue to benefit from duty-free access as they export products including vegetables and flowers to their customers back in the UK. Read more

    UK-Australia trade deal ‘within months’

    The Canberra Times: The United Kingdom hopes to be able to reach a trade agreement with Australia within months, British trade minister Liz Truss says. Read more

    Irish businesses told not to wait for trade deal to prepare for Brexit

    Irish Times: Irish businesses that trade with the UK should not wait until a trade deal has been agreed between the UK and the EU to begin their preparations for Brexit, customs clearance service Declaron has warned. Read more

    RCEP summit on Nov. 15 to discuss trade deal by year-end, without India

    Nikkei: Asian-Pacific leaders representing the nations involved in the proposed Regional Comprehensive Economic Partnership will soon discuss reaching a long-awaited agreement by the end of the year, Nikkei learned Friday.

    Thailand ready to attend RCEP trade deal

    Bangkok Post: Thailand is ready to attend the signing of the long-awaited Regional Comprehensive Economic Partnership (RCEP) at the 37th Asean Summit under the chairmanship of Vietnam next week. Read more

    Is the Pacific’s new trade deal an early Xmas gift or a double edged sword?

    RNZ: The Australia and New Zealand led PACER Plus, is touted as a trade and development agreement that will strengthen economic development in the region. Nine Pacific countries have signed on to the deal with six having ratified it so far. Read more

    STRAIGHT FROM THE WTO

    NEW ON THE CTLD BLOG

    The Caribbean Trade & Development Digest is a weekly trade news digest produced and published by the Caribbean Trade Law & Development Blog. Liked this issue? To read past issues, please visit here. To receive these mailings directly to your inbox, please subscribe to our Blog below:

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

    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 Month! We 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 big news this week was that although WTO members indicated a strong preference for candidate from Nigeria, Dr. Ngozi Okonjo-Iweala, to lead the WTO, the US blocked Dr. Okonjo-Iweala’s selection who is also ironically a naturalised US citizen. The USTR’s statement objecting to Dr. Okonjo-Iweala’s appointment, while confirming support for candidate South Korea Trade Minister Yoo Myung Hee, can be viewed here. Therefore, as this Bloomberg report notes, the WTO DG race’s fate now depends on the outcome of Tuesday’s US presidential election.

    The 41st Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) was held virtually on 29 October 2020. The items discussed included COVID-19’s impact on the region, a Caribbean Economic Recovery and Transformation (CERT) Plan, EU blacklisting, a regional tourism policy, inter alia. Read the full communique here.

    Happening this week: Americans officially go to the polls to vote for their next president. A record over 90 million Americans and counting have already cast their ballot in early voting or by mail-in ballot. Read my article on why this election cycle is particularly important for the Caribbean here.

    Regionally, St Vincent and the Grenadines will be holding their elections this week on November 5. On October 31, St. Kitts & Nevis becomes the latest and one of the last Caribbean countries to re-open its borders. Read more here.

    Last week I also had the pleasure and honour of being a panelist at the Barbados International Business Association (BIBA) Global Business Week Conference on the panel entitled “New Opportunities for trade to and from Barbados“. Thank you to the organizers, excellent moderator and awesome fellow panelists for what was a very stimulating session.

    REGIONAL NEWS

    UN SG Calls For A Vulnerability Index For CARICOM

    News Americas Now: Secretary General of the United Nations, António Guterres, is calling for a multidimensional vulnerability index that will help CARICOM countries. Read more

    Cuba Says US Sanctions Have Caused Nearly $5.6B In Losses

    Jamaica Gleaner: Cuba said Thursday that the island has lost nearly $5.6 billion in one year as a result of economic sanctions imposed by US President Donald Trump. Read more

    High interest in intra-regional travel

    Barbados Advocate: Persons eager to visit countries within’ the bubble’, says travel advisor. Country Manager of Going Places Travel Barbados, Alana Gray, says there have been many enquiries for travel within the travel bubble. Read more

    Multilateral financial institutions have failed Caribbean countries: Robinson

    Barbados Advocate: University of the West Indies (The UWI) economist, Dr. Justin Robinson, has lashed out at the multilateral financial institutions, saying that they had failed small countries just when they require financing to get out of their present predicament. Read more

    First ship to arrive at Bridgetown Port on Sunday

    Barbados Today: Barbados will this weekend welcome its first cruise passengers since the global suspension of cruise in March this year. Read more

    Barbados International Business Sector showing resilience

    Barbados Advocate: The International Business and Financial Services sector, despite the current COVID-19 pandemic, is demonstrating its resilience by performing reasonably well under the current circumstances. Read more

    Jamaica earns US$250M from Tourism for June to September period

    Jamaica Star: Minister of Tourism, Edmund Bartlett has disclosed that Jamaica has earned just over US$250 million since the island’s borders reopened in June. Read more

    Guyana sets new oil discovery record – now the largest new conventional liquids play in the last decade

    Kaieteur News: The Yellowtail-2 and Redtail discoveries which were made in July and September respectively have pushed Guyana’s recoverable estimate to approximately nine billion oil equivalent resources. In light of this development, Guyana is now the largest new conventional liquids play in the last decade says Senior Vice President at ExxonMobil, Jack Williams. Read more

    Guyana Gov’t negotiating with CARICOM on better export market access for farmers

    Stabroek: In a bid to assist local farmers access regional export markets, the Guy-ana government is in discussions with the Carib-bean Community (CARICOM) in hopes of securing the relaxation or removal altogether of what it sees as some rigid non-tariff measures on local food produce, Minister of Agriculture Zulfikar Mustapha has said. Read more

    ‘CARICOM Bubble’ statistics being monitored to evaluate COVID-19 cases

    St Kitts & Nevis: St. Kitts and Nevis has the intends to participate in the Caribbean Community (CARICOM) Bubble and has been monitoring what is happening in the eight participating territories, says Chief Medical Officer Dr. Hazel Laws, speaking at the National Emergency Operation Centre (NEOC)/Border Reopening Press Briefing on October 28. Read more

    CARICOM divided on Venezuela at OAS assembly

    NY Carib News: Caribbean Community (CARICOM) countries were divided on the issue of “free and fair” elections in Venezuela, with The Bahamas, Haiti, Jamaica, and St Lucia all voting in favor of the resolution tabled at the 50th General assembly of the Organisation of American States (OAS) that ended here on Wednesday. Read more

    CARICOM establishes regional Food Security Task Force

    Loop Barbados: The Caribbean Community (CARICOM) has sought to address the region’s concerns about food security through the establishment of a Food Security Task Force. Read more

    Trinidad & Tobago Govt pushing female entrepreneurs

    Trinidad & Tobago Express: Trinidad & Tobago is the first country in the Caribbean to officially launch SheTrades, an initiative of the International Trade Centre (ITC), which is now part of a community of over 25 countries working towards connecting over three million women entrepreneurs to global markets by 2021. Read more

    Western Union to close in Cuba following new US sanctions

    Jamaica Observer: US-based money transfer company Western Union will close its offices in Cuba following new sanctions from Washington which prevent it from working with Fincimex, a financial company run by the island’s military, Havana said yesterday. Read more

    RUBiS enters petrochemical export market

    Jamaica Observer: RUBiS Energy Jamaica Limited recently dispatched the island’s first export shipment of petrochemicals — a move which sees the country becoming the first in the region to undertake such a venture due to its terminal and storage infrastructure. Read more

    Caribbean Export and WIRSPA partner on the Absolutely Caribbean Virtual Expo

    EU Reporter: Caribbean Export Development Agency (Caribbean Export) and the West Indies Rum & Spirits Producers Association (WIRSPA) are working together to support increased trade of rum and spirits between the Caribbean and Europe with the Absolutely Caribbean Virtual Expo, scheduled for 17-18 November. Read more

    ACS States with new Secretary-General

    Prensa Latina: Panamanian Rodolfo Sabonge began his four-year term of office as Secretary-General of the Association of Caribbean States (ACS) ‘under circumstances we never thought we would meet. Read more

    TT second largest regional supplier of medical products

    Newsday: A UNITED Nations (UN) country database shows that TT was the second largest supplier of medical products to other countries in the region after export restrictions from major suppliers created issues accessing critical medial supplies throughout the region. Read more

    Adjustments needed to the way we negotiate partnerships, says Marshall

    Barbados Today: One senior economist is calling for a review of how Barbados and other Caribbean states negotiate trade agreements with more developed nations. Dr Don Marshall, Director and Senior Research Fellow at the Sir Arthur Lewis Institute for Social and Economic Studies (SALISES), said the time had come for small island developing states to raise issues relating to their vulnerabilities and other developmental concerns when discussing partnerships. Read more

    INTERNATIONAL NEWS

    CBI chief fires parting shot over slow pace of Brexit negotiations

    BBC: Carolyn Fairbairn says the UK economy is in ‘suspended animation’ while issue remain unresolved. Read more

    Brexit talks making good progress, says Ursula Von der Leyen

    The Guardian: European commission president says key issues are level playing field and fisheries. Read more

    Brexit deal hangs in the balance, says EU council president

    The Guardian: Outcome of next two weeks of talks crucial but uncertain, says Charles Michel. Read more

    Chatham House speech: Liz Truss sets out vision for values-driven free trade

    Gov.uk: International Trade Secretary Liz Truss delivers the keynote speech at Chatham House’s ‘Global Trade Live’ event setting out her vision for UK trade policy. Read more

    Liz Truss: NHS ‘off the table’ in Brexit talks with US

    City AM: International trade secretary Liz Truss has insisted the NHS remains “off the table” in post-Brexit trade talks with the US, as the government scrambles to shore up relations with presidential hopeful Joe Biden ahead of next week’s election. Read more

    Trump’s phase one trade deal with China and the US election

    PIIE: President Donald Trump has staked a claim to success in his trade war with China on his phase one trade agreement of January 2020. In his self-proclaimed “historic” deal, China committed to purchasing an additional $200 billion of American-made goods and services over 2020 and 2021. Trump has even boasted that the deal “could be closer to $300 billion when it finishes.” Read more

    US moves closer to expanding tech export controls list as competition with China for future technology builds

    South China Morning Post: Commerce Department moves closer in seeking industry input to identify, define and set criteria for technology that will be subject to export controls. Read more

    Thailand expresses full support for WTO reforms

    The Guardian: Thailand has voiced full support for the World Trade Organization’s (WTO) reforms to make the intergovernmental body aware of trade situations and that would enable it to accelerate the global economic recovery following the pandemic. Read more

    A Biden Win Could Renew a Democratic Split on Trade

    NY Times: Democrats have been unified by their desire to oust President Trump. But if that happens, deep divisions on the issue of trade are likely to reappear. Read more

    China has a golden opportunity to show global leadership, with a WTO fisheries deal

    South China Morning Post: China is a fishing superpower. If Beijing is truly committed to a rules-based multilateral trading system, it must show leadership in securing a meaningful WTO agreement to tackle global fishing subsidies and curb overfishing. Read more

    EU strengthens trade enforcement arsenal with revamped regulation

    EU: Today, the European Commission, the European Parliament and the Council reached a political agreement on reinforcing the EU’s Enforcement Regulation. As part of the agreement, the Commission committed to developing the EU’s anti-coercion mechanism swiftly. Read more

    Trump Trade Policy Gets Failing Grades

    Forbes: Donald Trump may believe his trade agenda is a success, but a new analysis gives his administration’s trade policies poor marks. The analysis finds the Trump administration’s policy of raising tariffs and misusing U.S. trade laws have harmed consumers, disrupted supply chains and failed to achieve objectives that are important to the United States. Read more

    Biden Or Trump, Next 4 Years For Canada-U.S. Trade Will Be ‘Bumpy’

    Huffpost: Protectionism is rearing its head again in the United States, leaving the Trudeau minority government to figure out ways to work with an unpredictable neighbour. Read more

    Canadian Ambassador to U.S. says there is no justification to change border restrictions

    CTV: Canada’s Ambassador to the United States Kirsten Hillman said there is no justification to ease the Canada-U.S. land border restrictions any time soon. Speaking to CTV’s Power Play on Friday, Hillman stressed that either country is not prepared to loosen border restrictions before 2021. Read more

    What would a Joe Biden presidency mean for a UK-US post-Brexit trade deal?

    iTV: With the US presidential election days away, focus is shifting to what priorities the winner will have during their four years in power at the White House. Read more

    Cruz, Cornyn Complain to Trump That Mexico Is Undermining USMCA

    Bloomberg: US senators Cruz and Cornyn sent a letter to President Trump arguing that Mexico’s energy policy undermines the spirit of the USMCA trade agreement. Read more

    African trade finance banks urge MDBs to take on greater levels of risk

    Global Trade Review: Trade finance executives across Africa are urging multilateral development banks (MDBs) to “intervene decisively” and boost credit support to banks on the continent as a potential insolvency crisis looms. Read more

    S. Korea, Mongolia to lower tariffs starting 2021 under regional trade pact

    Korea Times: South Korea and Mongolia will lower tariffs on some products starting next year, as Ulaanbaatar joined a regional trade pact known as the Asia-Pacific Trade Agreement (APTA), Seoul’s finance ministry said Friday. Read more

    China-Mongolia trade to benefit from Mongolia’s APTA membership

    Xinhua: China and Mongolia are expecting lower tariffs in bilateral trade after Mongolia’s recent accession to the Asia-Pacific Trade Agreement (APTA), China’s Ministry of Commerce said Monday. Read more

    STRAIGHT FROM THE WTO

    NEW ON THE CTLD BLOG

    The Caribbean Trade & Development Digest is a weekly trade news digest produced and published by the Caribbean Trade Law & Development Blog. Liked this issue? To read past issues, please visit here. To receive these mailings directly to your inbox, please subscribe to our Blog below:

  • 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

    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 2020.The Prime Minister of St. Vincent and the Grenadines, Dr. the Honourable Ralph Gonsalves, chaired the proceedings.

    Other Members of the Conference in attendance were: Prime Minister of Antigua and Barbuda, Honourable Gaston Browne; Prime Minister of The Bahamas, Honourable Dr. Hubert Minnis; Prime Minister of Barbados, Honourable Mia Amor Mottley, Q.C, MP; Prime Minister of Dominica, Honourable Roosevelt Skerrit; Prime Minister of Grenada, Dr. the Rt. Honourable Keith Mitchell; President of Guyana, His Excellency Dr. Mohamed Irfaan Ali; President of Haiti, His Excellency Jovenel Moise; Prime Minister of Jamaica, the Most Honourable Andrew Holness; Premier of Montserrat, Honourable Easton Taylor-Farrell; Prime Minister of St. Kitts and Nevis, Dr. the Honourable Timothy Harris; Prime Minister of Saint Lucia, Honourable Allen Chastanet; the President of Suriname, His Excellency Chandrikapersad Santokhi; and Prime Minister of Trinidad and Tobago, Dr. the Honourable Keith Rowley.

    Belize was represented by Attorney General, Honourable Michael Peyrefitte.

    Associate Members in attendance were: Bermuda represented by Premier, the Honourable David Burt; the British Virgin Islands represented by Premier,the Honourable Andrew Fahie; and the Turks and Caicos Islands, represented by Premier, the Honourable Sharlene Cartwright-Robinson.

    OPENING

    Chair of the Community, Dr. the Honourable Ralph Gonsalves, Prime Minister of St. Vincent and the Grenadines, and the Secretary-General of the Community, Ambassador Irwin LaRocque, made brief opening remarks.


    COVID-19 AND ITS IMPACT ON THE REGION

    Heads of Government acknowledged the relative success of the Community in its fight against the multi-faceted challenges posed by the COVID-19 pandemic which they attributed to the application of functional cooperation, one of the core principles of regional integration and which was adopted from the outbreak of the Novel Coronavirus.

    Heads of Government advocated continued vigilance and adherence to the regional public health approach being led by the Caribbean Public Health Agency (CARPHA). They commended CARPHA for its on-going leadership and technical support to Member States in responding to the COVID-19 pandemic. They also expressed appreciation for the assistance provided by International Development Partners.

    Heads of Government recognised the impact of COVID-19 on several sectors, including health, tourism, education, security and law enforcement, as well as the different phases of the pandemic which individual countries may be experiencing.

    Heads of Government also recognised that in the absence of a vaccine, COVID-19 will continue to be a grave public health, security and economic threat, and the regional approach must continue to be undertaken to manage these ongoing threats.

    In that regard, they further recognised that re-opening and recovery require a careful balance between reducing restrictive measures and ensuring adequate actions to reduce importation and spread of new cases.

    Heads of Government welcomed the COVAX Facility as an initiative to secure access to safe and effective COVID-19 vaccines that will afford countries the best opportunity to fast-track access to COVID-19 vaccines.

    They also welcomed the fact that six CARICOM Member States have been identified for Advance Market Commitment – a financing instrument to support the procurement of vaccines for low and middle-income economies. They noted that the remaining Member States have committed to the COVAX Facility as self-financing countries, but were concerned at the limited criteria used to determine how countries accessed financing.

    Heads of Government expressed deep concern that despite being in the midst of a global pandemic, the per capita income criterion was still being used to determine how countries accessed financing from the COVAX Facility. 

    Heads of Government expressed appreciation to the European Union, CARPHA and the Pan-American Health Organization (PAHO) for their support in facilitating the down payment for self-financing Member States.

    They mandated CARPHA to explore, in collaboration with the CARICOM Secretariat and PAHO, other financing options to cover additional costs for the vaccines.

    Heads of Government mandated CARPHA and the Chief Medical Officers of Member States to meet to refine the common technical standards for the CARICOM Travel Bubble and the entry of external arrivals, and report to the Secretariat within 48 hours.

    CARIBBEAN ECONOMIC RECOVERY AND TRANSFORMATION

    Heads of Government acknowledged that the COVID-19 pandemic exacerbated the development challenges already confronting the Community and that CARICOM States have been more deeply affected than other developing countries. Member States are now faced with a perfect storm of a public health crisis, an economic crisis and a deepening debt crisis.

    Heads of Government agreed on the need to protect lives, while restoring livelihoods through policies and measures for the gradual and safe return to economic activity.

    Heads of Government noted that the economic prospects for the Caribbean had worsened and cited a report by the International Monetary Fund that the Caribbean is the most affected globally by this pandemic, given that it is the most tourism and travel dependent Region in the world.

    Heads of Government noted that the pandemic would also exacerbate already high deficits and debt in many countries in the Region and building back better would have significant capital requirements which required a multi-faceted financing plan.

    In that regard, Heads of Government agreed to the concept of a Caribbean Economic Recovery and Transformation (CERT) Plan, which has been devised by a regional team of experts under the leadership of the Prime Minister of Barbados, Honourable Mia Amor Mottley.

    Heads of Government called for a new Special Drawing Rights (SDR) allocation by the International Monetary Fund’s (IMF) as well as the refinancing of COVID-related debt into long-term low interest instruments.They also urged the early development and use of a Universal Vulnerability Index to determine countries’ eligibility for development assistance.

    A JOINT TOURISM POLICY FOR CARICOM

    Heads of Government noted that over the past seven (7) months, CARICOM Member States had seen an unprecedented decline in tourist arrivals brought on by the global COVID-19 pandemic.

    Heads of Government further noted that several Member States were still recovering from the devastating hurricanes of 2017 and 2019, a situation further compounded by the effects of the pandemic.

    Heads of Government recognised that the resulting reduction in tourism-related tax revenues and the implementation of needed COVID-19 containment, economic and social support mechanisms had placed unparalleled financial demands on Governments across the Community.


    Heads of Government recognised the critical importance of rebuilding the tourism industry and, in that regard, welcomed a proposal by the Government of Saint Lucia for the preparation of a Joint Tourism Policy. They agreed to a Working Group to formulate the policy and report to the Conference by December 31, 2020.

    Given the urgency of the matter, Heads of Government also agreed that a Prime Ministerial Sub-Committee (PMSC) on Tourism be established to provide political oversight for the preparation of the Joint Tourism Policy and other related issues.  The Prime Minister of The Bahamas, as the Lead Head of Government for Tourism in the CARICOM Quasi Cabinet, will preside over the Sub-Committee which will include Antigua and Barbuda, Barbados, Jamaica and Saint Lucia.


    BLACKLISTING

    Heads of Government observed that the European Union, through the actions of the Council and the Commission, have stepped up the economic assault on Small States despite the prevailing global pandemic which has forced the protracted shutdown of economic activity amidst predictions of a slower recovery than envisaged.

    Heads of Government condemned in the strongest possible terms the continued blacklisting by the European Union of Members of the Community through unilaterally and arbitrarily determined standards, and in the absence of any meaningful prior consultation with the affected Members.

    Heads of Government noted that the European Union has steadfastly ignored that capacity constraints and other challenges at the national level continue to impact the speed and depth of reforms in tax administrations, and financial intelligence units in Member States.

    Heads of Government stated that this disproportionate treatment of CARICOM States is a breach of the rights of CARICOM citizens, and called upon the European Council and European Commission to desist from this egregious practice.

    CARICOM PRIVATE SECTOR ORGANISATION (CPSO)

    Heads of Government agreed to designate the CARICOM Private Sector Organisation (CPSO) as an Associate Institution of the Community.

    They also agreed to a Memorandum of Understanding between the Caribbean Community and the CPSO Inc. for cooperation towards the further implementation of the CARICOM Single Market and Economy (CSME).


    BORDER ISSUES

    Belize-Guatemala Relations

    Heads of Government received an update on the most recent developments on the Belize – Guatemala border issue. They noted the extension of the time limits for the submission of the Memorials and the Counter Memorials to the International Court of Justice by Belize and Guatemala, respectively. Heads of Government urged Belize, Guatemala and the OAS to continue implementing fully the Confidence Building Measures that have been in place since 2005, pending the resolution of Guatemala’s claim at the International Court of Justice (ICJ).

    Heads of Government noted that the undertaking by both countries and the Organisation of American States (OAS) to engage in the design and development of a mechanism of co-operation for the Sarstoon River is still outstanding, and called on both countries and the OAS to reinvigorate their efforts to this end.

    They also expressed support for the significant role of the OAS in the process aimed at resolving the dispute arising from Guatemala’s claims on Belize, and further called on the international community to continue supporting the OAS Office in the Adjacency Zone.

    Heads of Government re-emphasised their steadfast support for the sovereignty, territorial integrity and security of Belize.

    Guyana-Venezuela Border Controversy

    Heads of Government noted that the ICJ held an Oral Hearing on Jurisdiction by ‘virtual’ process in the Case of Guyana v. Venezuela on 30 June 2020. A decision is awaited. If the Court affirms its jurisdiction, Guyana will proceed to the next stage of its pleadings as to why the 1899 Arbitral Award is the valid demarcation of the boundary between Guyana and Venezuela, thus providing for a final resolution of the controversy between the two countries as determined by the Secretary General of the United Nations.

    Heads of Government reiterated their full support for this judicial process that is intended to bring a peaceful and definitive end to the long-standing controversy between Guyana and Venezuela.

    Heads of Government further reiterated their firm and unswerving support for the maintenance and preservation of the sovereignty, and territorial integrity of Guyana.


    EXCHANGE OF VIEWS WITH THE UN SECRETARY-GENERAL

    Heads of Government engaged with the UN Secretary-General as their Special Guest. They held an extensive and fruitful exchange of views on issues related to the devastating impact of the COVID-19 pandemic on the Region’s economy, which has exacerbated existing vulnerabilities, in particular, those related to high levels of debt and access to concessional financing. With regard to climate change, the Secretary-General commended the Community for its efforts to become the first climate-resilient Region.

    He also noted the similarity of views on climate change and recovery to the pandemic which were linked through their solutions. Recovery from the COVID-19 crisis, achieving the Sustainable Development Goals (SDGs) and securing climate action are not separate efforts, he stated. He affirmed the United Nations’ support for a multi-dimensional vulnerability index to help in determining access to concessional financing. 

    Heads of Government welcomed the Secretary General’s firm support for the need for urgent debt relief for middle-income developing countries, and for the importance of the recourse to the criterion of vulnerability as opposed to GDP in measuring development.  They recognised that the upcoming meeting of UNCTAD XV, to be held in Barbados in April 2021, would provide an opportunity to discuss a more equitable multilateral trading system.  

    DATE AND VENUE THIRTY-SECOND INTER-SESSIONAL MEETING OF THE CONFERENCE

    The Government of Trinidad and Tobago will host the Thirty-Second Intersessional Meeting of the Conference, to be held on 23-24 February 2021.

    The preceding was from the Caribbean Community.