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  • Caribbean Trade and Development News Digest –  June 11-17, 2023

    Caribbean Trade and Development News Digest – June 11-17, 2023

    Welcome to our Caribbean Trade and Development News Digest covering the week of June 11-17, 2023! 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. We do hope you enjoy this week’s edition!

    What’s new on the blog?

    My Interview with Barbados’ Honorary Consul Ms Rhoda Green: A couple weeks ago, I had the honour and pleasure of interviewing Barbados’ Honorary Consul to South Carolina and President and Founder of the Barbados and the Carolinas Legacy Foundation, Ms. Rhoda Green.

    We spoke about her work, what drives her passion and how the shared history between Barbados and the Carolinas could help propel deeper trade links.

    Listen to the audio of the full interview here.

    THIS WEEK’S HIGHLIGHTS!

    Barbados hosted the SIDS Ministerial Conference on NCDs and Mental Health on June 14-16 in conjunction with the World Health Organization (WHO) and the Pan-American Health Organization (PAHO). It follows on from the SIDS High-Level technical meeting on NCDs and mental health held in January 2023. A major outcome of the conference was the launch of the 2023 Bridgetown Declaration on NCDs and Mental Health which may be accessed here.

    Some other important meetings occurred over the past few weeks. The US-Caribbean Leaders meeting occurred in Nassau, Bahamas on June 8, 2023. You can read about the new initiatives announced by US Vice President Kamala Harris here. The Commonwealth Trade Ministers met June 5-6, 2023. Read the outcome statement from that meeting here.

    REGIONAL NEWS

    Afreximbank to open regional headquarters in Barbados

    St Vincent Times: The African Export-Import Bank (Afreximbank) will establish its regional headquarters (office) for the Caribbean and the Americas in Barbados next month, Prime Minister Mia Mottley stated on Tuesday. Read more

    Barbados to host first global supply chain forum in May 2024

    UNCTAD: The high-level forum will focus on ways to make supply chains more efficient, resilient and sustainable. Read more

    Belize formally accepts the Agreement on Fisheries Subsidies

    WTO: Belize deposited its instrument of acceptance for the Agreement on Fisheries Subsidies on 16 June, making it the first Central American WTO member and first WTO member of the Caribbean Community (CARICOM) to do so. Read more

    Trinidad and Tobago gets approval to suspend tariffs on almond milk, batteries

    Newsday: Trinidad and Tobago has received approval on its proposed suspension of common external tariff (CET) on almond milk and lithium ion batteries, which are used in renewable energy systems. Read more

    Barbados to end importation of trans fats

    Nation News: Barbados’ Minister of Health and Wellness, Senator The Most Honourable Dr Jerome Walcott confirmed the island was on course to end the importation of foods with trans fats by December 2024. Read more

    Grenada looking to the African continent to boost tourism

    Loop News: Grenada is looking to the African continent as a new source market for the tourism industry. Lennox Andrews, Minister of Tourism, told Loop News that there is an emerging middle class on the continent that they will be targeting. Read more

    St. Kitts and Nevis PM to assume chairmanship of OECS

    Radio Jamaica News: St. Kitts and Nevis Prime Minister Dr. Terrance Drew will assume chairmanship of the Organization of Eastern Caribbean States (OECS) when the grouping holds its 73rd meeting in St. Kitts and Nevis on Sunday. Read more

    Guyana can produce barley for Caribbean, North American markets – President

    Newsroom: As Guyana invests in technology to improve food production to satisfy local and regional demands, the country’s President Dr. Irfaan Ali said on Tuesday that the country is capable of producing enough barley for export. Read more

    Italian Ambassador to the Dominican Republic assures bilateral trade between the two countries has doubled

    Dominican Today: According to the Italian ambassador to the Dominican Republic, Stefano Queirolo Palmas, trade between Italy and the Dominican Republic has experienced steady growth in the past two years, with a remarkable 231% increase since the signing of the Economic Partnership Agreement (EPA) in 2008. Read more

    INTERNATIONAL NEWS

    Study finds slowdown in exports from Latin America and Caribbean

    Jamaica Gleaner: A new study by the Inter-American Development Bank has found that the value of exported goods from Latin America and the Caribbean grew at an estimated rate of 2.9 per cent year-on-year in the first quarter of 2023, after increasing by 16.4 per cent last year. Read more

    Presidents of Argentina, European Commission call for ‘win-win’ Mercosur trade deal

    Buenos Aires Times: Stopping in Buenos Aires during a trip through Latin America, European Commission head Ursula von der Leyen pushes for EU-Mercosur deal before the year is out; President Alberto Fernández expresses optimism while calling for the “removal of the obstacles” making for inequality. Read more

    China pushes for Asia-Pacific trade agreement membership, promises to ‘actively attract’ foreign investment

    South China Morning Post: Chinese vice-minister for commerce says Beijing ‘willing to and capable of’ joining CPTPP, known for its strict requirements. Read more

    Experts discuss trade, supply chain challenges at AHIF

    Trade Arabia: Leaders across the hospitality sector discussed trade restrictions, transport infrastructure, currency fluctuations and supply chain breakages at the recent African Hospitality Investment Forum (AHIF) 2023 in Nairobi, Kenya. Read more

    São Tomé and Príncipe Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)

    Zawya: The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of the African Export-Import Bank (Afreximbank), has announced that Democratic Republic of São Tomé and Príncipe has become the latest country to sign the FEDA Establishment Agreement. Read more

    UK Businesses Call for Plan to undo Brexit damage

    Yahoo: The UK has “run out of road” when it comes to trade agreements after securing deals with over 90 countries and needs a new approach as deals with the US and China are not on the horizon, according to the Resolution Foundation. Read more

    Post-Brexit trade deal means ‘inevitable’ business costs, says EU

    Euractiv: EU and UK businesses will face ‘inevitable’ extra costs while the post-Brexit trade deal remains in place, European Commission Vice-President Maroš Šefčovič warned on Monday (12 June), playing down the prospect of a major overhaul of the agreement. 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:

  • Interview with Honorary Consul Rhoda Green – Barbados and the Carolinas Connection

    Interview with Honorary Consul Rhoda Green – Barbados and the Carolinas Connection

    Alicia Nicholls

    A couple weeks ago I had the honour and pleasure of interviewing Barbados’ Honorary Consul to the US State of South Carolina and President of the Barbados and the Carolinas Legacy Foundation, Ms. Rhoda Green. I had met Ms. Rhoda during a trade mission in which I had participated in April 2023 organised by Invest Barbados and the Barbados Consulate in Miami. She had kindly consented to sitting with me for an interview.

    During the nearly hour-long interview we touch on what drives her passion for raising awareness of the historical relationship between Barbados and the Carolinas, her foundation’s work, her role as Honorary Consul and finally how this historical relationship could be leveraged for expanding trade between Barbados and the US State of South Carolina.

    If you have any interest in the Barbados and the Carolinas relationship, please check out the website of the Barbados and the Carolinas Legacy Foundation which is a rich source of information: www.barbadoscarolinas.org.

    The audio of the full interview may be accessed by clicking below:

    Video Credits:

    Music: Song “Caribbean Calypso” by Dominic Ashworth and Derek Nash

    Photo of Ms Rhoda: Barbados and the Carolinas Legacy Foundation

  • Youth: The Untapped Resource We Need to Save the Planet

    Youth: The Untapped Resource We Need to Save the Planet

    Johnny Calliste

    Climate change is one of the most alarming global threats of our time, and its effects are being felt by people of all ages, young and old. For a significant segment of our population, though, climate change has become a particularly pressing issue; for the youth, the future of their planet is in jeopardy, and their outlook on the world is quickly shifting to reflect that.

    Climate change is already having numerous impacts on the lives of youth worldwide. Young people are witnessing and actively experiencing its effects first-hand, whether through extreme weather events like floods, droughts, freak storms, wildfires or increased air and water pollution. These alterations make accessing various activities, from leisure to livelihoods, more challenging. Youth are then met with reduced opportunities for meaningful growth and engagement in a world increasingly shaped by the unpredictability of extreme weather events. Moreover, the emotional distress experienced by youngsters when contemplating the effects of climate change on their future is alarming.

    Over the past few decades, the Caribbean region has experienced a significant shift in weather patterns, resulting in an increased frequency of extreme weather events such as hurricanes, floods, and droughts. This has significantly impacted the region, with effects seen from Jamaica in the north to the South American area. From 2019 to 2022, the Caribbean experienced severe storms that caused immense damage and loss of life. Hurricane Dorian hit the Bahamas in 2019, leaving behind a trail of destruction with at least 70 people dead and over $3 billion in damages. In November 2020, Hurricanes Eta and Iota struck the Northern Caribbean and Central America, leaving over 200 people dead and forcing thousands to flee their homes. In 2021, a series of hurricanes hit the Caribbean island of Dominica. The first hurricane to land was Hurricane Grace in late August, causing significant damage to the island’s infrastructure and leaving thousands without power. A few weeks later, Hurricane Ida unleashed even more devastation on the battered island. Many more countries in the region have faced a similar fate of the rise in freak storms.  Higher temperatures and increased precipitation have also caused the spread and increased presence of invasive species, including the Sargassum seaweed.

    Sargassum seaweed is a brown alga belonging to the Sargasso family. It is commonly found in the pelagic regions of the ocean and is known for forming large floating masses, referred to as the Sargasso Sea. Seaweed is essential in marine ecosystems as it provides shelter and food for sea animals such as turtles, crabs, and fish. Despite its significance, sargassum seaweed growth can become invasive if not properly managed and controlled, as excessive growth can pose risks to human health and disrupt aquatic ecosystems. Sargassum seaweed began attracting international attention when it washed up on Caribbean islands in the summer of 2011. This trend, commonly called the ‘sargassum bloom’, has continued every year since then in varying amounts.

    The seaweed contains chemicals, such as ammonia and hydrogen sulphide, which harm human health. For example, they can cause rashes and other skin irritations in contact with the skin. At the same time, inhaling sargassum-associated air pollutants often leads to respiratory tract irritation, asthma attacks, and other related illnesses. In addition, the seaweed serves as a breeding ground for mosquitoes, which is particularly of concern for those living in coastal regions, as the insects are vectors of severe illnesses such as malaria, Zika and dengue fever. As such, the physical health of youth living in affected areas is often compromised due to the presence of sargassum seaweed.

    Not only do the massive accumulations of seaweed create an unsightly landscape and block access to beaches, but they also considerably harm economies dependent on the tourism industry and the sale of seafood. Excessive persistent sargassum seaweed not only has a direct economic cost due to the expenses incurred in its removal and disposal, but it also has an indirect economic cost in that it drastically reduces local tourism, leading to a decrease in revenue for beach-associated businesses and a subsequent decrease in job opportunities for youth living in the area.

    As the effects of climate change worsen, the implications can be seen in new generations through the increased burden of mental health issues and psychological distress. Youth are particularly vulnerable to the psychological impacts of global warming, especially when the livelihood of their parents, communities, and themselves faces the threat of becoming socioeconomically vulnerable.

    Today, youth are more conscious and aware of their environment than ever and are part of a significant and inspiring movement sweeping the world. Climate change’s economic, environmental, and political implications are becoming increasingly apparent, and young people are responding with innovative, inspiring initiatives. Their critical involvement is essential to tackle the climate crisis, especially considering their broad outreach and ability to spur change quickly. For example, in Grenada, groups such as the Caribbean Youth Environment Network-Grenada (G-YEN) and Leo Clubs of Grenada, Rotaract Club and various School groups have been engaged in activities and public awareness campaigns that have proven practical ways to draw attention to environmental causes and bring about change.

    To further support these efforts, international organisations such as the Global Youth Environment Assembly (GYEA-UN), convened by the UN Environment Programme and Global Youth Climate Action Fund (GYCAF), provide small grants and finance that support the youth’s role in this fight. In addition, they spread awareness, inspire and encourage child to act, and connect youth organisations and activists worldwide. On the international scale, young people use social media platforms such as Tik Tok, Instagram, and Facebook to organise initiatives such as global climate strikes and participate in online petitions and discussions.

    The youth are proving that their innovative solutions can tackle and resolve some of the most complex climate challenges. Despite the daunting task of halting global warming, these young people are bringing the fight to the politicians, corporations, and communities, exhibiting impressive determination and creativity.

    Encouraging youth participation in local initiatives such as community clean-ups, smart agriculture & composting programs, and renewable energy projects helps young people see the impact they can have on the environment. Additionally, donor-funded agencies can further empower youth initiatives by providing more grant funding opportunities and funding pools to support their efforts, especially at the community level. It must be noted that while many funding streams are available to support climate resilience projects, youth are often unable to mobilise these resources since they lack the skills and competence necessary to create winning proposals to secure funding. Therefore, capacity building and training in resource mobilisation strategies can form an integral part of the support given to youth climate advocates and groups.

    Providing funding to support youth-driven innovative climate-smart small businesses and cooperatives is an excellent strategy for allowing creative young entrepreneurs to contribute to promoting climate resilience while earning sustainable income and providing employment opportunities. In the Caribbean, one such business example is the attractive option for sustainable business ventures that the Sargassum seaweed offers. It can be used in various industries, such as agriculture, cosmetics, and animal food production. Sargassum seaweed is rich in vitamins, minerals, and antioxidants, making it ideal for fertilising and processing into fertilisers and animal feed supplements. Businesses supported through a grant or concessionary business loans are bound to enjoy high yields given the low competition in this field of speciality. With its numerous benefits and growing concern surrounding consumer sustainability, start-ups utilising sargassum seaweed have great potential to succeed in the marketplace.

    All in all, the Caribbean must recognise and appreciate what the youth are doing and support their journey in every way possible if we are to have any chance at solving the critical issue of climate change and essentially saving the planet.

    Johnny J. Calliste, MSC, CMC, Dip (M&E) is a Grenadian with a master’s degree in International Business from the Arthur Lok Jack GBS-University of the West Indies, St. Augustine. He also holds post-graduate certifications in Youth Development, Monitoring and Evaluation, Project Risk & Cycle Management, and Human Resource Management.  He is preparing for doctoral studies/research in Developmental Economics and Public Policy Management. Johnny works in the Global Development sector with an international organisation and is a climate change and youth development aficionado. As part of his studies, he will conduct considerable research to understand climate change’s socioeconomic and psychological impact on Small Island Developing States. Please feel free to contact him via LinkedIn.

  • EVENT: Optimising the Canada-CARICOM Trade Relationship – Thursday, June 29

    EVENT: Optimising the Canada-CARICOM Trade Relationship – Thursday, June 29

    The CIC National Capital Branch Latin America and Caribbean Study Group, and the Canada Caribbean Institute invite you to a virtual discussion on

    Optimizing the Canada-CARICOM trade relationship

    Thursday, June 29, 2023, 10 am to 1 pm

    Canada and CARICOM are working to define a forward-looking bilateral cooperation agenda. While trade has been an important part of the relationship for many years, recent trade and investment flows have seen a decline. Can enhanced trade relationships contribute to the forward bilateral cooperation agenda? And if so, how can this best be achieved?

    The Canada International Council Latin America and Caribbean Study Group and the Canada Caribbean Institute are pleased to host a panel on Optimizing the Canada CARICOM trade relationship. The panel will feature several exporters and investors outlining their experiences and lessons in the market. The main trade promotion and facilitation agencies from the two sides will set out their programs and experiences in seeking to expand bilateral trade. Finally, the panel will feature a discussion of the current “government to government” trade arrangements and whether these are appropriate going forward.

    The moderators of this event will produce a short summary of proceedings to share with attendees and others following the event.

    REGISTRATION FOR EVENT

    The registration link is the following: Optimizing the Canada-CARICOM Trade Relationship Tickets, Thu, Jun 29, 2023 at 10:00 AM | Eventbrite

    Note that several days before the event all registrants will receive an email with the actual Zoom link.