Tag: Caribbean

  • Caribbean Trade & Development News Digest – September 20–26, 2026

    Caribbean Trade & Development News Digest – September 20–26, 2026

    Dear Reader,

    Welcome to the Caribbean Trade & Development News Digest for the week September 20–26, 2026!

    📌 THIS WEEK’S HIGHLIGHTS

    • Royal Caribbean Group agrees to invest approximately US$3 billion for a 50% interest in Jamaica-born Sandals and Beaches Resorts, one of the largest transactions involving a Caribbean-founded services multinational.
    • Dominican exports to Haiti rise sharply even as Haitian exports to the Dominican Republic collapse, illustrating the increasingly asymmetric nature of bilateral merchandise trade.
    • CARICOM and India discuss expanding trade and investment alongside cooperation in agriculture, digital governance, energy and climate resilience.
    • The WTO establishes a panel to examine the EU’s Carbon Border Adjustment Mechanism, a case with potentially far-reaching implications for climate-related trade policy.
    • A proposal to restart appointments to the WTO Appellate Body fails for the 100th time, underscoring the continuing crisis in the dispute-settlement system.

    🌴 CARIBBEAN TRADE STORIES

    ⭐ Royal Caribbean invests US$3 billion for 50% of Sandals and Beaches Resorts

    Royal Caribbean Group/Sandals Resorts: Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for approximately US$3 billion, forming a joint venture that gives the cruise giant a major foothold in Caribbean all-inclusive tourism while providing Sandals with additional capital and distribution capacity for expansion. The transaction, announced September 23 and expected to close in early 2027 subject to approvals, implies a value of roughly US$6 billion for the Jamaica-born hospitality business and is particularly significant as a rare multibillion-dollar valuation of a Caribbean-created multinational services brand with supply-chain linkages spanning agriculture, manufacturing, transportation, entertainment and other regional services. Read more

    Guyana’s new Development Bank to launch with US$100 million

    Guyana Department of Public Information: Guyana is preparing to launch the Guyana Development Bank on October 5 with an initial US$100 million capital injection, offering financing of up to G$3 million, including zero-interest and zero-collateral loans for eligible borrowers, while combining credit with mentorship, training, technical assistance and market support. The government also plans a mobile application and community desks in commercial banks to reach rural, riverine and hinterland businesses, positioning the institution as a mechanism for helping local entrepreneurs and SMEs participate more fully in an economy being rapidly transformed by petroleum revenues and investment. Read more

    Suriname and UNIDO target industrial diversification and local value addition

    UNIDO: Suriname and the United Nations Industrial Development Organization launched a Programme for Country Partnership 2026–2031 on September 21 aimed at accelerating economic diversification, enterprise competitiveness and local value addition as new economic opportunities emerge. The programme will target agro-industrial and forest-based value chains, the bioeconomy, green and blended finance, skills and investment mobilisation, with a particular emphasis on processing more raw materials and agricultural products domestically—a significant development for an economy seeking to ensure that future resource growth generates broader productive capacity, exports and employment rather than deeper commodity dependence. Read more

    Trinidad and Tobago’s gas shortage puts further pressure on petrochemical exports

    Trinidad Guardian: Global petrochemical producer Proman is reducing its workforce in Trinidad and Tobago as the country’s prolonged natural-gas supply shortage prevents the company from operating all of its plants consistently at full capacity. The announcement adds to pressure on the Point Lisas Industrial Estate, where methanol and ammonia producers depend heavily on reliable gas supplies, and has wider trade implications because petrochemicals remain among Trinidad and Tobago’s most important manufactured exports; continued feedstock constraints therefore affect not only employment and plant economics but the country’s ability to maintain production and export competitiveness in industries in which it has historically been a major global supplier. Read more

    Antigua and Barbuda aviation tax increase raises competitiveness concerns

    Antigua and Barbuda is moving to increase its Passenger Head Tax on non-CARICOM international travel from US$40 to US$50, with travel within CARICOM exempt, as the government seeks additional revenue to finance obligations to regional institutions including the Eastern Caribbean Civil Aviation Authority and Eastern Caribbean Supreme Court. The International Air Transport Association has called for greater transparency and warned about the potential effect on connectivity and competitiveness at a time when passenger traffic reportedly declined 2.6% in the first half of 2026; for a tourism-dependent island economy, the debate highlights the difficult balance between financing essential regional institutions and keeping air-access costs internationally competitive. Read more

    Bahamas aggregate producer plans US$9 million capacity expansion

    The Tribune: Grand Bahama-based Freeport Aggregates plans to invest a further US$9 million to expand production capacity, building on US$10 million already spent rebuilding its plant after Hurricane Dorian, as the company seeks to meet domestic construction demand and continue servicing export orders. The investment could help ease concerns about shortages following the temporary shutdown of Bahama Rock, with Freeport Aggregates targeting completion of expanded fixed capacity during the third quarter of 2027 and approximately 20 additional jobs; the development illustrates how domestic productive investment can reduce exposure to higher-cost imports while preserving export capacity in an economy heavily dependent on imported construction inputs. Read more

    Saint Lucia explores equity investment as alternative to more public borrowing

    Government of Saint Lucia: Prime Minister Philip J. Pierre met Saudi Eksab CEO Yazeed Saleh AlYahya in New York on September 24 to discuss potential equity investment in Saint Lucian development projects, with the government explicitly seeking financing models that can mobilise private capital without automatically adding to sovereign debt. The approach is particularly relevant for Caribbean SIDS, where high infrastructure requirements, climate vulnerability and restricted fiscal space frequently collide: attracting credible equity investors could broaden financing options for productive and infrastructure projects, although the eventual development impact will depend on the sectors selected, investment terms and the extent to which projects generate domestic economic linkages. Read more

    Grenada markets Project Polaris as investment in health and services economy

    NOW Grenada: Grenada presented Project Polaris, encompassing a new General Hospital and wider Medical City, to international investors, development partners and healthcare operators during UN General Assembly week, highlighting potential opportunities across healthcare, research, technology, wellness and related services. Beyond improving domestic health infrastructure, the government is positioning the project as an economic-development platform capable of attracting capital and creating new service-sector activity, illustrating a wider Caribbean effort to diversify the traded-services economy beyond traditional tourism by building specialised areas such as medical, wellness and knowledge-intensive services. Read more

    Barbados looks to expand its tax and investment treaty network

    Barbados Today: Barbados is pursuing new double taxation and bilateral investment agreements with less traditional markets, including preliminary discussions with an unnamed European country, as Bridgetown seeks to broaden its investment relationships and strengthen the international framework supporting cross-border business. Expanding the treaty network remains particularly important to Barbados’ international business and services strategy because well-designed tax and investment agreements can reduce barriers to cross-border transactions, provide greater certainty to investors and deepen economic relationships beyond the island’s traditional partners, although the benefits ultimately depend on actual investment and commercial activity generated under those arrangements. Read more

    Dominican exports to Haiti surge as bilateral trade becomes increasingly one-sided

    Trade between the Dominican Republic and Haiti became even more asymmetric during January–August 2026, with Dominican exports to Haiti rising 19.4% to US$921.5 million while imports from Haiti fell almost 87% to only about US$680,000, according to Dominican customs data reported this week. Dominican sales included iron bars, cement and wheat flour alongside free-zone products, while the steep contraction in the opposite direction highlights the severe weakness of Haiti’s current export capacity; the figures matter for the wider Caribbean because they demonstrate both Haiti’s continuing dependence on imported essentials and the scale of productive-sector rebuilding required if the country is to participate more evenly in regional commerce. Read more

    Dominican Republic reports record investment and exports

    Presidency of the Dominican Republic: President Luis Abinader reported at the United Nations this week that the Dominican Republic has surpassed US$5 billion in foreign direct investment for the first time and is approaching US$16 billion in exports, alongside continued tourism growth. The figures reinforce the Dominican Republic’s emergence as one of the Caribbean’s most diversified trade and investment performers, supported by manufacturing free zones, tourism, services and increasing nearshoring interest; official data released earlier this month showed merchandise exports reaching a record US$10.56 billion during January–August alone, up 11.4% year-on-year. Read more

    Cuba edges further towards market mechanisms amid deep economic crisis

    Reuters: Cuba is cautiously introducing further market-oriented measures as it confronts severe inflation, currency depreciation, energy shortages and limited access to foreign exchange, including permitting private currency-exchange houses and introducing larger-denomination banknotes. The reforms remain constrained and the government maintains its socialist economic model, but the incremental shift is significant for trade and business because access to foreign currency, functioning payment mechanisms and a more predictable operating environment are critical to Cuba’s private sector, tourism industry, import capacity and ability to attract investment at a time when U.S. restrictions and domestic structural weaknesses continue to place the economy under acute pressure. Read more

    CARICOM and India seek deeper trade, investment and digital ties

    The India–CARICOM Foreign Ministers’ Meeting, held in New York on September 23, reviewed progress since the 2024 India–CARICOM Summit and discussed increasing trade and investment alongside cooperation in agriculture and food security, digital governance, climate resilience and energy. The meeting brought together representatives of 14 CARICOM member states, with India also encouraging deeper economic, digital and mobility links; the relationship has strategic potential for the Caribbean because India offers a large and growing market, significant expertise in digital public infrastructure, pharmaceuticals and renewable energy, and an additional source of South-South investment and development cooperation at a time when Caribbean states are seeking to diversify external economic partnerships. Read more

    📢 STRAIGHT FROM THE WTO!

    WTO panel to examine EU Carbon Border Adjustment Mechanism

    WTO: The Dispute Settlement Body agreed on September 25 to establish a panel examining Russia’s challenge to the European Union’s Carbon Border Adjustment Mechanism (CBAM) and an alleged export subsidy under the EU Emissions Trading System, with 18 WTO members reserving third-party rights. The case is consequential far beyond the immediate parties because it could help clarify how climate-related border measures interact with WTO non-discrimination, subsidy and other trade rules; for Caribbean and other small developing economies, that matters as major markets increasingly link trade access to carbon content and environmental standards, potentially creating new compliance costs even for countries contributing relatively little to global emissions. Read more

    Appellate Body appointments blocked for the 100th time

    WTO: Colombia, speaking for 130 WTO members, introduced for the 100th time a proposal to begin filling vacancies on the WTO Appellate Body, but the United States again declined to support the decision, citing unresolved concerns about the dispute-settlement system. The milestone underscores how long the WTO has operated without a fully functioning two-tier appeals mechanism and is especially important for smaller economies: binding, enforceable dispute settlement is one of the principal ways a rules-based system can reduce dependence on economic power in resolving trade conflicts, meaning prolonged institutional paralysis potentially weakens one of the WTO’s most valuable protections for small and developing members. Read more

    World Trade Report 2026 reinforces what is at stake for small economies

    WTO: WTO Chief Economist Robert Staiger returned this week to the findings of the World Trade Report 2026, noting that around 72% of global merchandise trade still takes place on WTO most-favoured-nation terms despite the growth of bilateral and regional agreements. The report’s modelling is particularly striking: fragmentation into geopolitical blocs could reduce global GDP by 5.1% and exports by 18.6%, while a world in which the WTO was effectively replaced by free trade agreements could cut GDP by 6.9% and exports by 26.9%; by contrast, stronger multilateral cooperation could raise GDP by 2.9% and exports by 17.9%. For Caribbean states, the importance lies in the WTO’s role in moving trade relations away from purely power-based bargaining and towards common rules—making reform and renewal of multilateralism, rather than its abandonment, especially consequential for small economies. Read more

    🌎 GLOBAL TRADE STORIES

    ASIA

    United States and China agree US$30 billion reciprocal tariff reductions

    The United States and China concluded President Xi Jinping’s September 23–25 state visit with an agreement covering more favourable tariff treatment for approximately US$30 billion of non-sensitive goods in each direction, alongside implementation of a bilateral Board of Trade, an agricultural market-access working group and new mechanisms for dialogue on artificial intelligence. The Chinese and U.S. governments both confirmed the tariff arrangement, which marks a further attempt to stabilise the world’s most consequential bilateral trade relationship after several years of tariff escalation and supply-chain tensions; while narrower than a comprehensive settlement, the measures could directly affect agricultural goods, seafood, wood products, cosmetics, medical devices and other traded products. Read more

    EU and Philippines move closer to comprehensive free trade agreement

    The European Union and Philippines reached substantial agreement on a free trade agreement on September 22, putting negotiations on a path towards formal conclusion and eventual ratification. The proposed agreement would liberalise more than 94% of tariff lines and includes provisions covering investment, government procurement, intellectual property, digital trade and sustainability, while bilateral trade already spans tens of billions of euros; the deal reflects the EU’s wider effort to diversify commercial partnerships in Southeast Asia and the continuing appeal of comprehensive trade agreements as businesses and governments seek more resilient market access amid growing geopolitical and tariff uncertainty. Read more

    India–New Zealand FTA to enter into force October 20

    Reuters: India and New Zealand confirmed that their free trade agreement will enter into force on October 20, eliminating or reducing tariffs on around 95% of New Zealand exports to India, with 57% becoming tariff-free immediately, while Indian goods will receive full duty-free access to New Zealand. The agreement also includes services, mobility and investment provisions, with New Zealand committing to facilitate US$20 billion in investment in India over 15 years; the deal is another example of India’s accelerating trade-agreement strategy as New Delhi seeks to diversify export markets and investment relationships amid growing uncertainty in the wider global trading environment. Read more

    LATIN AMERICA

    Mexico plans to shift more imports towards the United States

    Reuters: Mexico plans to increase imports from the United States while reducing purchases from other economies as part of negotiations surrounding the review of the USMCA, President Claudia Sheinbaum said on September 21. Washington has pressed Mexico to reduce the bilateral U.S. trade deficit, while wider negotiations have increasingly focused on North American manufacturing, Chinese participation in regional supply chains and rules governing automobiles and strategic industries; any significant sourcing shift could redirect trade throughout North America and demonstrates how bilateral trade balances are becoming an increasingly prominent negotiating objective in U.S. trade policy. Read more

    Brazil holds off on tariff retaliation as U.S. negotiations continue

    Reuters: Brazil will refrain for now from using its reciprocity law against U.S. tariffs while bilateral negotiations remain under way, President Luiz Inácio Lula da Silva said on September 21. Washington imposed an additional 25% tariff on some Brazilian goods in July alongside separate 12.5% duties affecting Brazil and other economies, prompting Brasilia to initiate a process that could eventually lead to countermeasures; the decision to continue negotiating temporarily reduces the risk of another major tariff escalation in the Americas, although Brazil has made clear that reciprocal measures remain available if talks fail. Read more

    Soaring freight costs squeeze Venezuelan oil exports

    Reuters: Global oil traders are demanding deeper discounts on Venezuelan crude as surging tanker costs erode trading margins, with the cost of chartering an Aframax vessel from Venezuela to the U.S. Gulf rising from approximately US$1.35 million at the start of 2026 to US$3.5 million. Venezuela exported about 1.17 million barrels per day in August, but port congestion, long tanker waiting times and exceptionally high freight rates are creating new constraints just as the country seeks to expand petroleum sales; the episode illustrates how shipping disruptions can effectively operate as a major additional trade cost even when formal sanctions or market-access barriers are relaxed. Read more

    AFRICA

    Nigeria and United States sign mineral-investment framework

    Government of Nigeria: Nigeria and the United States signed a mineral-investment framework in New York this week aimed at converting government cooperation into business-to-business investment across exploration, mining, processing, infrastructure and technical capacity. Nigeria estimates the potential value of its mineral resources at around US$700 billion and is explicitly seeking greater domestic processing rather than simply exporting unprocessed commodities; the agreement reflects an increasingly important African trade-policy objective—using global competition for lithium, nickel, cobalt, rare earths and other strategic minerals to attract investment into local value chains, jobs and industrial capacity rather than reproducing traditional extractive trade patterns. Read more

    Kenya and UNIDO launch new industrial-development partnership

    UNIDO: Kenya and UNIDO signed Programme for Country Partnership Kenya 2.0 for 2026–2030 on September 21, creating a platform to coordinate public and private investment in industrial policy, enterprise competitiveness, strategic value chains, industrial corridors and green manufacturing. The partnership is designed to accelerate structural transformation and greater value addition while mobilising innovative and blended finance, reflecting Kenya’s ambition to position itself as a manufacturing and green-industrialisation hub; its emphasis on connecting investment, infrastructure, skills and value chains demonstrates the increasingly deliberate industrial policy being pursued by several African economies seeking to capture a greater share of value from regional and global trade. Read more

    East Africa accelerates integration of capital markets and digital infrastructure

    East African Community: The EAC this week revived its Capital Markets Sub-Committee for the first time since 2019 to accelerate regional capital-market integration in preparation for the East African Monetary Union, while a separate EAC–IGAD initiative brought governments together to strengthen cross-border digital connectivity and regulatory harmonisation. Taken together, the initiatives illustrate that regional economic integration increasingly extends beyond tariffs and goods trade: integrated capital markets can mobilise investment across borders, while interoperable digital infrastructure and common policies can lower transaction costs and create larger markets for financial and digitally delivered services. Read more

    OTHER MAJOR GLOBAL TRADE DEVELOPMENTS

    Strait of Hormuz traffic falls to a fraction of normal levels

    Reuters: Only two commodity vessels were recorded crossing the Strait of Hormuz on September 21, compared with ten the previous day and a pre-conflict average of approximately 125 large commercial vessels daily, although vessels operating without tracking transponders may not be captured in the data. The strait normally carries roughly one-fifth of global crude-oil and LNG supply, making continued disruption a major risk not only for energy prices but for freight, insurance and wider supply chains; for highly import-dependent Caribbean economies, sustained increases in energy and shipping costs can feed quickly into the landed cost of food, manufactured goods and other essential imports. Read more

    US$1 billion Glencore deal highlights race for recycled critical minerals

    Reuters: U.S. metals-refining company Nth Cycle signed a US$1 billion offtake agreement with Glencore covering lithium and other critical minerals recovered from used batteries, underscoring the growing commercial importance of recycling within strategic mineral supply chains. Governments and businesses are increasingly attempting to diversify sources of lithium, rare earths and other materials required for batteries, artificial intelligence infrastructure and clean-energy technologies, while recycling offers a way to reduce dependence on newly mined supply; the agreement therefore reflects the wider restructuring of global trade around secure, traceable and increasingly circular critical-mineral value chains. Read more

    Thank you for reading the Caribbean Trade & Development News Digest, a product of the Caribbean Trade and Development blog.

    If you found this edition useful, subscribe to the Blog to ensure you never miss a weekly update.

  • Caribbean Trade & Development News Digest for the week September 6–12, 2026

    Caribbean Trade & Development News Digest for the week September 6–12, 2026

    Dear Reader,

    Welcome to the Caribbean Trade & Development News Digest for the week September 6–12, 2026!

    This week, pressure on global shipping moved squarely onto the Caribbean trade agenda. The CARICOM Private Sector Organisation warned that US$8–10 billion in annual CARICOM imports could be exposed to tightening Panama Canal restrictions, raising concerns about freight costs, inventories and consumer prices. Elsewhere, Caribbean governments and businesses pursued new export and investment opportunities, while a major WTO report highlighted substantial untapped potential for digital trade across Latin America and the Caribbean. Globally, trade developments were shaped by new trade remedies, changing agricultural flows, industrial-policy competition and disruption at key maritime chokepoints.

    📌 THIS WEEK’S HIGHLIGHTS

    • ⭐ Panama Canal restrictions could expose US$8–10 billion in annual CARICOM imports to higher freight costs, delays and supply disruption.
    • A new WTO–IDB–World Bank report finds that Latin America and the Caribbean accounts for only 2% of global digitally delivered services exports, despite rapid growth.
    • Grenada takes its investment, trade and tourism proposition to London, highlighting opportunities in tourism, renewable energy, the blue economy and agribusiness.
    • Barbados prepares to showcase dozens of local enterprises at a major New York trade event aimed at testing export demand and connecting firms with distributors and investors.
    • CARICOM marks Africa–CARICOM Day with renewed calls to translate political ties into expanded trade, financing and connectivity.
    • China’s exports surge in August, widening its already substantial trade surplus.
    • U.S. authorities finalise steep trade-remedy duties on solar imports from India, Indonesia and Laos.
    • Argentina heads towards record corn exports as disruption to Ukrainian supply reshapes global grain trade.
    • Nigeria’s Dangote refinery unveils a US$14.3 billion expansion programme alongside plans for what could become Africa’s largest IPO.
    • Oil tanker freight rates surge to record levels as escalating Middle East conflict puts additional pressure on global shipping.

    🌴 CARIBBEAN TRADE STORIES

    Panama Canal restrictions put up to US$10 billion in CARICOM imports at risk

    CARICOM Private Sector Organisation: Between US$8 billion and US$10 billion in annual CARICOM imports could be exposed to growing restrictions on shipping through the Panama Canal, according to preliminary analysis by the CARICOM Private Sector Organisation. The amount represents approximately one-quarter to one-third of CARICOM’s non-fuel import bill.

    Daily vessel transits have been capped at 34 and are scheduled to fall to 32 from September 15 as below-normal rainfall constrains water availability. Shipping lines have also announced additional surcharges on canal-dependent routes. The CPSO warns that Caribbean economies could face higher landed costs, longer delivery times and thinner inventories, particularly for food, manufactured goods and construction inputs.

    Read more

    Grenada showcases investment and export opportunities in London

    Grenada hosted Flavours of Grenada 2026: An Investment, Trade & Tourism Showcase in London on September 8, bringing together government representatives, investors, businesses and strategic partners to promote opportunities in the Grenadian economy. Priority sectors included tourism, renewable energy, the blue economy, agribusiness and health infrastructure.

    The initiative was designed to connect Grenada’s development priorities with international capital, markets, expertise and commercial partnerships, while also showcasing internationally marketed Grenadian products including chocolate and rum.

    Read more

    Barbados businesses prepare for New York export showcase

    Barbados Government Information Service: Sixty businesses are expected to participate in the Barbados Diamond Jubilee: Heritage to Horizons – 60 Years of Progress Trade Show in New York on September 19–20. The initiative involves Export Barbados, FundAccess, the Barbados Coalition of Service Industries, Barbados Tourism Marketing Inc. and other enterprise-support agencies.

    Participating businesses will use the event to test product demand, gather buyer and consumer feedback and explore relationships with distributors and investors in the U.S. market. FundAccess alone will take ten client businesses spanning food, beverages, personal care and publishing, making the initiative directly relevant to Barbados’ MSME export-development agenda.

    Read more

    CARICOM calls for deeper trade, financing and connectivity with Africa

    CARICOM: CARICOM Chairman and Saint Lucia Prime Minister Philip J. Pierre used CARICOM–Africa Day on September 7 to call for deeper strategic cooperation between the Caribbean and Africa capable of delivering practical economic benefits.

    Pierre highlighted Afreximbank’s expanding role in financing Caribbean infrastructure, small businesses and trade, as well as ongoing initiatives in air connectivity intended to unlock commercial trade, tourism and direct exchanges. He argued that the developing relationship should expand markets for Caribbean enterprises while strengthening South–South cooperation and economic resilience.

    Read more

    Bahamas urges SIDS to demand greater influence in global digital economy

    CMC: Bahamas Prime Minister Philip Davis called on Small Island Developing States to move from being rule-takers to more influential participants in shaping the global digital economy. Speaking at the World Telecommunication/ICT Policy Forum, Davis argued that the digital divide increasingly concerns not simply access to technology but the terms on which small states participate in digital markets.

    His intervention is particularly relevant as Caribbean economies seek to expand digitally delivered services exports and strengthen their negotiating capacity on issues including platforms, data, digital infrastructure and emerging technologies.

    Read more

    Cuba estimates annual cost of U.S. embargo at US$8.1 billion

    Reuters: Cuban Foreign Minister Bruno Rodríguez said on September 7 that economic damages resulting from the U.S. trade embargo increased by approximately 7% in 2025 to US$8.1 billion. Havana argues that the impact intensified further during 2026 following additional U.S. restrictions affecting oil supplies.

    Rodríguez said there are currently no negotiations under way between Havana and Washington, although channels of communication remain open. The continuing deterioration in U.S.–Cuba economic relations has important implications for Cuba’s trade, investment, energy availability and wider economic recovery.

    Read more

    📢 STRAIGHT FROM THE WTO!

    WTO report highlights major untapped potential for Caribbean digital trade

    WTO: A new report jointly produced by the WTO, Inter-American Development Bank and World Bank finds that exports of digitally delivered services from Latin America and the Caribbean have expanded fivefold over the past two decades, growing faster than both goods exports and other services exports. Nevertheless, the region currently accounts for only 2% of world exports of digitally delivered services.

    The report estimates that further digitalisation, technological adoption and improvements in the policy environment could increase the region’s exports of digitally deliverable services by an average 4.5% annually. It identifies digital infrastructure, cross-border payments, customs procedures, regulatory policy, skills and access to finance as critical determinants of competitiveness.

    Read more

    WTO Goods Trade Barometer points to resilient merchandise trade

    WTO: Global merchandise trade continued to strengthen around mid-2026 despite geopolitical tensions and trade-policy uncertainty, according to the WTO’s latest Goods Trade Barometer, released September 9.

    The indicator rose to 102.0, above both its long-term baseline of 100 and its previous reading of 101.7. Strong demand for electronic components linked to artificial-intelligence investment is helping offset some of the negative effects of conflict in the Middle East, although the container-shipping component slipped slightly below trend.

    Read more

    WTO releases 2026 Annual Report

    WTO: The World Trade Organization published its 2026 Annual Report on September 9, providing an overview of the organisation’s work during 2025 and early 2026, including the outcomes of its 14th Ministerial Conference and developments affecting the rules-based trading system.

    The report reviews WTO activities across trade negotiations, dispute settlement, implementation, monitoring and trade-related technical assistance at a time of heightened geopolitical and policy uncertainty surrounding international commerce.

    Read more

    🌎 GLOBAL TRADE STORIES

    ASIA

    China’s exports surge as trade surplus widens

    China’s exports increased 25% year-on-year in August, supported by strong overseas demand for automobiles, semiconductors and other high-technology products. Imports rose 28.2%, while the country’s monthly trade surplus widened to US$119.1 billion from US$112.5 billion in July.

    The figures come ahead of anticipated high-level U.S.–China discussions and amid growing concern among major economies about China’s large external surplus and manufacturing competitiveness. Chinese exports to Southeast Asia and Latin America also increased strongly, underscoring Beijing’s continued diversification of export markets.

    Read more

    U.S. finalises steep duties on solar imports from India, Indonesia and Laos

    Reuters: The U.S. Commerce Department finalised significant anti-dumping and countervailing duties on solar cells and panels from India, Indonesia and Laos on September 11 after determining that certain producers had sold products in the United States below fair value or benefited from government subsidies.

    The measures mark another escalation in trade-remedy action affecting Asian clean-energy supply chains and could increase costs for U.S. solar importers while providing additional protection to domestic manufacturers.

    Read more

    China signals interest in early tariff reductions with United States

    China said this week that it hoped to reach an agreement with Washington at an early date on reciprocal tariff reductions covering approximately US$30 billion in goods from each side.

    The discussions are focused on less-sensitive products and come as the two countries seek to stabilise economic relations ahead of anticipated high-level talks. While the potential tariff reductions would be considerably narrower than a comprehensive trade agreement, they could represent another incremental easing of bilateral commercial tensions.

    Read more

    LATIN AMERICA

    Argentina heads for record corn exports as global grain flows shift

    Reuters: Argentina is expected to export a record 10 million metric tonnes of corn during August and September, supported by a bumper 71.7-million-tonne harvest and increased demand from buyers seeking alternatives to Ukrainian grain.

    War-related disruption to Ukraine’s Black Sea exports and extreme heat affecting European production have opened new opportunities for Argentine suppliers, particularly in North Africa. The development illustrates how geopolitical and climate shocks are reshaping agricultural trade flows and market shares among major exporters.

    Read more

    Panama Canal faces further transit restrictions as drought deepens

    Reuters: The Panama Canal could impose additional restrictions on vessel transits over the coming months if insufficient rainfall continues to depress reservoir levels, according to the waterway’s administrator. The long-term Río Indio water project is expected eventually to provide greater drought resilience, but completion remains approximately five years away.

    The renewed restrictions are adding to global logistics pressures at a time when conflict is already disrupting shipping through Middle Eastern trade corridors. The canal remains especially important for trade between Asia and the Americas and for numerous Caribbean supply chains.

    Read more

    Brazil expands fuel support as global oil prices rise

    Reuters: Brazil introduced additional fuel-relief measures this week, including increased diesel subsidies and tax reductions on gasoline and ethanol, as Brent crude traded near US$100 per barrel amid intensifying Middle East tensions.

    The measures are expected to bring the fiscal cost of Brazil’s fuel-relief policies to around 40 billion reais between March and September. As a major oil producer and exporter, Brazil is simultaneously benefiting from increased petroleum revenues while seeking to shield domestic consumers and businesses from higher fuel costs.

    Read more

    AFRICA

    Nigeria’s Dangote refinery announces US$14.3 billion expansion

    Reuters: Nigeria’s Dangote refinery plans to spend US$14.3 billion to double processing capacity to 1.4 million barrels per day by 2029, the company announced this week as it signed documents for an initial public offering expected to be Africa’s largest.

    The refinery aims to raise around US$1.63 billion through the IPO. Since beginning operations in 2024, the facility has altered Nigeria’s fuel market and expanded exports of refined products into African and European markets. The proposed expansion could further reshape African petroleum trade by reducing dependence on imported refined fuel and strengthening regional refining capacity.

    Read more

    Côte d’Ivoire cocoa exporters grapple with new traceability system

    Reuters: Cocoa traders and cooperatives in Côte d’Ivoire are adjusting to a new electronic traceability system introduced ahead of implementation of the European Union’s anti-deforestation requirements.

    Côte d’Ivoire supplies roughly 40% of the world’s cocoa and sends around 70% of its cocoa exports to Europe, making compliance with EU market-access requirements commercially critical. Traders warn that unfamiliarity with the new system and delays in distributing equipment could disrupt supply chains early in the 2026/27 season if implementation problems persist.

    Read more

    U.S. Export-Import Bank backs African telecom expansion with nearly US$100 million loan

    Reuters: The U.S. Export-Import Bank approved nearly US$100 million in financing for Africell, supporting deployment of telecommunications equipment from U.S. and allied suppliers across African markets.

    Africell operates in Angola, the Democratic Republic of Congo, Sierra Leone and The Gambia. The financing reflects intensifying competition between the United States and China over digital infrastructure and telecommunications markets in Africa, where Chinese equipment suppliers retain a major presence.

    Read more

    OTHER MAJOR GLOBAL TRADE DEVELOPMENTS

    Oil tanker freight rates surge to record highs amid Middle East conflict

    Reuters: Oil tanker freight rates surged to record levels this week as attacks on vessels and growing insecurity around the Strait of Hormuz sharply reduced tanker availability and disrupted energy flows.

    The cost of chartering very large crude carriers from the Gulf of Oman to China rose dramatically, while freight rates on other major routes also increased. Growing insecurity around the Bab el-Mandeb Strait is adding further pressure, raising the prospect that disruptions at two globally important maritime chokepoints could feed into higher energy, shipping and consumer prices.

    Read more

    BRICS finance chiefs criticise unilateral tariffs and push financial-system reform

    Reuters: BRICS finance ministers and central-bank governors called for reforms to global development and financial institutions while expressing concern about unilateral tariffs and other trade and finance-related measures.

    The grouping also called for greater coordination on cross-border payment systems, including faster and lower-cost transactions. The discussions underscore BRICS’ increasing focus on trade policy, financial architecture and reducing vulnerabilities arising from fragmentation in the global economy.

    Read more

    India pushes BRICS digital-currency links for cross-border trade

    Reuters: India is advocating greater interoperability between central-bank digital currencies across the BRICS grouping as a means of facilitating cross-border trade and payments.

    The proposal is expected to feature at the BRICS leaders’ summit in New Delhi. Significant technical and political obstacles remain, including limited CBDC adoption and the need to manage imbalances between national currencies, but the initiative reflects growing interest among emerging economies in alternative infrastructure for international payments.

    Read more

    Thank you for reading the Caribbean Trade & Development News Digest, a product of the Caribbean Trade and Development blog.

    If you found this edition useful, subscribe to the Blog to ensure you never miss a weekly update.

  • Caribbean Trade & Development News Digest – March 1-7, 2026

    Caribbean Trade & Development News Digest – March 1-7, 2026

    Dear Reader,

    Welcome to our Caribbean Trade & Development News Digest for the week March 1 – 7, 2026!

    📌THIS WEEK’S HIGHLIGHTS

    Below are this week’s headlines!

    US Treasury Secretary Scott Bessent has stated that the 15% global tariff under section 122 of the Trade Act, 1974, will be implemented some time in the coming days.

    A coalition of 24 U.S. states filed a lawsuit arguing the tariff exceeds presidential authority and infringes on Congress’s control over trade policy.

    A U.S. trade court ordered the government to start refunding more than $130 billion in tariffs previously ruled unlawful. Thousands of companies have filed for refunds.

    🌴CARIBBEAN AND HEMISPHERIC TRADE STORIES

    Minister: Becoming part of Mercosur would benefit T&T

    Daily Express: Trinidad and Tobago’s potential membership in the South American trade bloc Mercosur (short for Spanish Mercado Común del Sur, or Southern Common Market) could bring significant benefits, according to Foreign and Caricom Affairs Minister Sean Sobers. Read more

    Trump threatens Cuba again, says island nation may face ‘friendly takeover’

    Al Jazeera: United States President Donald Trump has signalled that his administration is still pursuing a government overthrow in Cuba even as the US-Israeli war on Iran enters its second week. Read more

    Can Belize Grow Its Cacao Industry Into a Major Export Sector?

    Greater Belize Media: The government of Belize has launched the National Cacao Committee, a new body tasked with driving growth in the country’s cacao industry. Read more

    Belize Records Modest Growth in Niche Agricultural Exports to Asia
    Business, Companies & Organizations

    LoveFM: Belize is gaining encouraging signals on two economic fronts tonight, modest but steady growth in niche agricultural exports to Asia and renewed international attention as a competitive retirement destination in the Caribbean. Read more

    Afreximbank raises CARICOM financing cap to $5 billion to accelerate regional transformation

    Afreximbank: Pan African Multilateral Bank, African Export-Import Bank (Afreximbank), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing its regional financing limit from US$3 billion over the next four years. Read more

    Worrell: Barbados can’t get cheaper oil deals in CARICOM as regional trade still in US dollars

    Barbados Today: Former Central Bank Governor Dr Delisle Worrell has warned that Barbados should abandon any expectation of getting cheaper oil deals from its Caribbean partners, since oil and fuel trade within CARICOM is priced and paid for in US dollars — just like imports from the United States or India. Read more

    Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels later this year

    CNBC: President Donald Trump’s recently announced 15% global tariff will likely be implemented sometime this week, rising from its current rate of 10%, Treasury Secretary Scott Bessent said Wednesday. Read more

    US trade court orders tariff refunds in setback for Trump administration

    BBC: A federal judge has cleared the way for thousands of businesses to receive refunds for tariffs that the US Supreme Court struck down last month. Read more

    Small business owners doubt they’ll see refunds after supreme court invalidates Trump’s tariffs

    Guardian: Ruling could free $175bn, but legal hurdles and higher costs have left businesses questioning if claims are even worth it. Read more

    Judge rules companies are entitled to refunds for Trump tariffs overturned by the Supreme Court

    NBC: In a defeat for the Trump administration, the U.S. Court of International Trade said all “importers of record” were “entitled to benefit” from the ruling against the sweeping tariffs. Read more

    Mexican companies eager to keep USMCA treaty, report shows

    Reuters: Mexican businesses are eager to maintain ​a trilateral trade agreement with the United States and Canada that is up for review this year, according ‌to a report summarizing Mexico’s public consultation, released on Monday. Read more

    📢 STRAIGHT FROM THE WTO!

    Coordinators of Plastics Dialogue ready ministerial statement and other outcomes for MC14

    The coordinators of the Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade (DPP) on 6 March finalized the ministerial statement for the 14th Ministerial Conference (MC14), scheduled to take place on 26-29 March in Cameroon. The statement was first introduced by the co coordinators in November 2025 and has been continuously updated to reflect members’ perspectives following intensive consultations. Read more

    Chair of agriculture talks circulates revised draft text, as MC14 outline emerges

    The Chair of the negotiations on agriculture, Ambassador Ali Sarfraz Hussain (Pakistan), has circulated a revised draft text ahead of the WTO’s 14th Ministerial Conference (MC14) in Yaoundé, Cameroon, from 26 to 29 March. Most WTO members welcomed the draft as a basis for consensus at a meeting of the negotiating body on 6 March, although a couple of members said they do not find it acceptable in its current form. Read more

    DG Okonjo-Iweala urges members to explore new ways to revitalize WTO at South-South event

    Speaking at the 8th South-South Dialogue on Least-Developed Countries (LDCs) and Development on 6 March in Geneva, Director-General Ngozi Okonjo-Iweala highlighted the importance of members’ work to reform the WTO in the run-up to the 14th Ministerial Conference (MC14) to be held on 26-29 March. She acknowledged the progress they have made in addressing LDCs’ trade priorities and encouraged LDCs to continue pursuing their trade interests. Read more

    Ahead of Women’s Day, WEIDE Fund announces US$ 1.76-million grants to women-led businesses

    To mark the upcoming International Women’s Day on 8 March, the Women Exporters in the Digital Economy (WEIDE) Fund on 6 March announced its plans to disburse US$ 1.76 million in grants in the first quarter of 2026 to benefit 219 women-led enterprises in the Dominican Republic, Mongolia and Nigeria. The first disbursement sets in motion the innovative design of the WEIDE Fund, which introduces a new model of grant financing supported by technical assistance and exposure to a multistakeholder ecosystem for enterprises. Read more

    EU contributes EUR 75,000 to support LDC participation at MC14

    The European Union has contributed EUR 75,000 (approximately CHF 69,500) to support the participation of government officials from least developed countries (LDCs) at the WTO’s 14th Ministerial Conference (MC14), to be held from 26 to 29 March 2026 in Yaoundé, Cameroon. The contribution aims to ensure broad and inclusive participation in the WTO’s highest decision making body. Read more

    WTO members conclude month-long reform discussions in Geneva

    WTO members on 5 March completed a series of meetings dedicated to advancing work on WTO reform. Over the past month, members have exchanged views on a draft ministerial statement and a work plan intended to frame the scope of reform efforts following the 14th Ministerial Conference (MC14) on 26-29 March. They also finalized preparations for the ministerial level political discussion on reform to be held at MC14 in Yaoundé, Cameroon. The reform facilitator, Ambassador Petter Ølberg of Norway, described the exchanges as substantive, thoughtful and conducted throughout in a positive spirit. Read more

    EU contributes EUR 1 million to strengthen trade capacity in developing economies, LDCs

    The European Union is contributing EUR 1 million (approximately CHF 928,000) to support developing economies including least developed countries (LDCs) in strengthening their participation in the multilateral trading system for 2026–2027. Read more

    Government Procurement Committee discusses GPA implementation, progress in accessions

    At a meeting of the Committee on Government Procurement on 4 March, parties to the Government Procurement Agreement (GPA) discussed issues concerning GPA implementation and progress in accession negotiations. Parties also elected a new Committee chair, Mr William Westerveld Jensen of Norway. Read more

    Heads of WTO, EIB sign landmark agreement to boost trade and investment

    The WTO Secretariat and the European Investment Bank (EIB) Group signed a Memorandum of Understanding (MoU) on 4 March to enhance sustainable trade and investment worldwide. The agreement marks the beginning of a partnership that will leverage the EIB’s financial resources and investment facilitation tools developed under the Investment Facilitation for Development Agreement concluded by a large number of WTO members to improve the regulatory environment, unlock investment and expand opportunities for developing countries. Read more

    WTO members consider new e-commerce proposal and previous submissions ahead of MC14

    At a meeting on the Work Programme on E-Commerce on 3 March, WTO members considered a proposal to establish a Committee on Digital Trade as part of a draft decision on e-commerce for the 14th Ministerial Conference (MC14), which will take place from 26 to 29 March in Yaoundé, Cameroon. Members also continued discussions on the reinvigoration of the Work Programme and on the moratorium on the imposition of customs duties on electronic transmissions on the basis of two other proposals. Read more

    WTO members review five regional trade agreements, discuss transparency issues

    At a meeting of the Committee on Regional Trade Agreements (CRTA) on 3 March, WTO members reviewed five regional trade agreements (RTAs) involving Comoros, the European Union, Mozambique, Indonesia, China, Serbia, Kazakhstan, Azerbaijan, Türkiye and the Faroe Islands. They also reviewed other topics relevant to the Committee’s work under the Transparency Mechanism for RTAs. Read more

    🌎 GLOBAL TRADE STORIES

    Voice of Nigeria: Nigeria has intensified efforts to consolidate its leadership under the African Continental Free Trade Area (AfCFTA) while strategically positioning itself ahead of the 14th World Trade Organization Ministerial Conference. Read more

    EU keeps U.S. trade deal frozen over tariff uncertainty

    Financial Post: Top EU lawmakers on the parliament’s trade committee made the choice on Wednesday, saying they wanted more information from Washington about how it will preserve a 15 per cent ceiling on most EU products — a level both sides agreed to in last summer’s trade pact. Parliament initially halted ratification several days after the ruling. Read more

    Business mobilisation grows to 189 chambers and associations backing WTO reform and Moratorium renewal

    ICC: A growing number of chambers of commerce and business associations from around the world are urging governments to deliver concrete outcomes at the 14th Ministerial Conference of the WTO, as concerns mount over fragmentation in the global trading system. Read more

    China exports surge despite Trump tariffs

    BBC: Official figures show exports jumped by more than 20% in January and February, which is almost three times the rate predicted by economists. It puts the country on track to top the record-breaking annual trade surplus it saw in 2025. Read more

    Indonesia to file suspension of concessions against EU on palm oil dispute in WTO

    Reuters: Indonesia’s trade ministry said on Saturday that the government will file a suspension-of-concessions request ​against the European Union at the World Trade ‌Organization’s (WTO’s) dispute settlement body, citing the block’s failure to meet a WTO ruling in a palm oil case. Read more

    Thank you for reading the Caribbean Trade & Development News Digest, a product of the Caribbean Trade and Development blog. If you found this edition useful, subscribe to our Blog to ensure you never miss a weekly update.

    Image by Gerd Altmann from Pixabay

  • Trinidad’s Troubling Invitation of War to Caribbean Shores

    Trinidad’s Troubling Invitation of War to Caribbean Shores

    Rahym R. Augustin-Joseph (Mr.) (Guest contributor)

    Early last week, the Prime Minister of Trinidad and Tobago, Hon. Kamla Persad-Bissessar, indicated via Press Release, that, her government unequivocally supported the deployment of American Military assets into the Caribbean Region in order to destroy the terrorist drug cartels.

    Interestingly enough, the Prime Minister noted that it was not the government’s intention to engage CARICOM, as the foreign policy of each CARICOM state is within their sovereign domain and must be articulated for and by themselves. After all, one’s foreign policy is indeed based on one’s national interests, values, pragmatism, ideology, et cetera.

    Albeit, accurate in theory, but not truly in praxis, particularly when a country is within a regional integration movement and history has shown that greater results emanate from the Caribbean speaking as one voice within the global political ecosystem, by virtue of their bargaining power as a bloc which eclipses our size constraints. In fact, some naysayers will argue that when the foreign policy dictates of a country is not solely influenced internally, it is reflective of a reduction in sovereignty. But sovereignty is also an action which permits the island’s foreign policy to be in sync with other countries.

    Thus, the utilisation of polar opposition positions within the Caribbean, encourages a colonial ‘divide and conquer’ strategy for developed countries which only elevates their position and agenda, at the expense of the interests of the Caribbean.

    Of course, there has been many instances of Caribbean disunity propagated by the USA, such as the Ship Riders Agreement in the 1990’s, debates over permitting the US invasion of Grenada, inability to support one candidate in the Commonwealth SG Race of 2022, recognition of Jerusalem as the capital of Israel, Venezuela- USA Debacle under President Trump, among others.

    What is generally done, is the major powers co-opt CARICOM States to be against each other or pick them off one by one through inducements such as aid, financial and technical aid et cetera. It is for this reason I support the Golding Commission’s Report Recommendation 26 which suggested “a review of the procedures for foreign policy consultation and coordination in order to avoid as far as possible, the types of conflict and embarrassing positions that have emerged from time to time among CARICOM members depriving it of the collective force it is capable of exerting.”

    While the Prime Minister is accurate that CARICOM countries, reserve the sovereign authority to articulate their individual foreign policy position, it is a known fact that her unilateral position undermines one of the core pillars of the regional integration movement, i.e., foreign policy coordination, as noted in Article 6 (h) of the RTC which notes in part that one of the Community’s objectives is “enhanced co-ordination of Member states’ foreign and foreign economic policies.”  It is where countries within the Caribbean Community, seek to find common ground on our individual national positions on these myriad of hemispheric and international issues of great importance to the Caribbean Community, such as the Venezuela- Guyana Dispute and the infiltration of overseas drug cartels which affect Trinidad and Tobago and the wider Caribbean.

    But what is also ironic and confusing about the Prime Minister’s position, is that she, without the concurrence of her CARICOM colleagues endorsed the American deployment in the ‘Caribbean Region’, not only in the waters close to Trinidad and Tobago, but the Caribbean, while quickly denouncing her Government’s intention to engage CARICOM on the subject matter.

    But, even beyond this foreign policy vernacular, Trinidad and Tobago should not make decisions under the guise of the sovereign name of Trinidad and Tobago when these decisions have life and death implications for the wider Caribbean Region peoples without consulting CARICOM.

    Thus, the invitation of war to the shores of the Caribbean, with wanton disregard for the potential effects on human life, through the permitting of US military operations which can have counter-military responses within the small landmass in the Caribbean region potentially affecting multiple Caribbean countries is a decision that should not be taken as fiat by one Caribbean country.

    As one online commentator noted, decisions about war are not akin to putting on the call of duty video game, but requires careful deliberation, analysis, consultation, respect for international law et cetera.

    It is as if the Prime Minister, in the absence of the Chair of CARICOM is speaking for the region without their concurrence, while still attempting to confine her foreign policy position to Trinidad and Tobago.

    But, the articulation of such position should have been even more circumspect, because under the Quasi-Cabinet of CARICOM, Prime Minister Bissessar is the Lead for Security (Drugs and Illicit Arms). As such, when she speaks and takes definitive positions, both for Trinidad and Tobago and implicitly for the Caribbean, it is as akin to a response from the CARICOM, which makes it even more problematic, questionable and worrying. After all, CARICOM is one of the bastions of Caribbean sovereignty.

    As such, if the regional Quasi Cabinet works anything like our domestic cabinet, Prime Minister Bissessar has just articulated a policy position of CARICOM, while admitting ‘boldfacely’ that she would not be consulting with her CARICOM colleagues.

    But one would believe though that such a request for the deployment of military assets has already been made to the Government of Trinidad and Tobago, which prompted this press release. But, instead, the Prime Minister indicated that, no requests have ever been made by the American government for their military assets to access Trinidad and Tobago territory for any military action against the Venezuelan regime.

    But, still, she offers it, citing that should the Maduro regime launch any attack against the Guyanese people, her government will provide the access if required to defend the people of Guyana against Venezuela.

    What is also concerning about this policy position by Bissessar is that at the domestic level, it is a confining and narrowing of liberal democracy to the political elite, such that the people of Trinidad and Tobago have not been given any meaningful opportunity to form any opinion on whether they are supportive of the utilisation of foreign military assets by the USA, to fight drug cartels and/ or, as a launching pad for war against the Venezuela regime, with significant potential for retaliatory measures against Trinidad and Tobago which will affect their peoples.

    Certainly, Bissessar has shown that the people of Trinidad and Tobago, at the recent ballot box, engaged in what Jean Jacques Rosseau calls a simultaneous exercise in, and surrender of sovereignty, such that the very moment they made the x, was the same moment they surrendered their sovereignty to her, such that all decisions of national importance are only decided by the political elite. They remain excluded from engaging in the political lives of their society and have surrendering all of their power to their representatives.

    Of, course the common retort of her colleagues and supporters would be that ‘the people voted for a promise of the reduction of crime and violence’ and provided the government with the latitude to engage in measures such as this to pursue the outcome.

    A typical example of the ‘ends justify the means’ only that in governance the means, more than ‘the ends’ matter. How and why, you do what you do matters in politics.

    But this position is also at odds with other positions taken in Trinidad and Tobago, in the past under Dr. Eric Williams, where in response to internal turmoil with the Black Power Movement, the USA entered the territorial waters; in order to quell the uprising and they were not welcomed by the Government.

    But the policy position is also bewildering because is the administration providing their support for the ‘stationing of military assets to destroy drug cartels’ which emanate from or do not emanate from Venezuela?

    Or is it to provide the Americans with the launching pad for war against Venezuela if they attack Guyana? Or is it both?

    Under the latter, such a retaliatory response under collective self-defence as per International Law, can only be invoked where there was indeed an ‘armed attack’, the victim state must have declared itself to be under attack, and must request assistance, and that this assistance should still be necessary and proportionate.

    It apparently is both because days later, we then see video footage of American military assets destroying an alleged Venezuelan vessel on the waters which was allegedly carrying drugs. What this confirms is that there seems to possibly be a request by the Americans for deployment, contrary to the Prime Minister’s assertion which was accepted by the Prime Minister. Further, the aim of the deployment is not only to respond to the Venezuelan state against Guyana, but to also respond to drug cartels emanating from the state of Venezuela.

    In any instance, both are problematic.

    Certainly, the former is because, notwithstanding  the realities that Trinidad and Tobago faces, wherein the data suggests that there has been an infiltration of violence because of the Venezuelan political and economic crisis, it also places Bissessar in a diplomatic chokehold and at odds with the regional position which also recognises that the influx of unlicenced firearms are due in part to the second amendment right under the USA constitution, to bear arms.

    Such that, guns continue to be rampant in our countries, which allegedly also come from the USA without the necessary support from the USA, to revisit their internal background checks and support stronger border control to reduce the influx of firearms.

    As noted, in a recent peer-reviewed journal article published in the European Journal of International Security by Dr Yonique Campbell, Professor Anthony Harriott, Dr Felicia Grey and Dr Damion Blake titled “From the ‘war on drugs’ to the ‘war on guns’: South–South cooperation between Mexico and the Caribbean” diagnoses the burgeoning gun violence epidemic permeating the Caribbean is as a result of the illegal trafficking of guns stemming from the illegal trafficking of guns from the US, given that an “estimated 60–90% of guns used in criminal acts in LAC are trafficked from the United States”. Further, the article also notes that some of the necessary pragmatic solutions include a “ban on the sale of military-grade weapons to civilians” and “punitive measures against legitimate carriers that convey illegal weapons across national borders as well as monitoring and performance reviews.” 

    As noted in an instructive piece assessing this situation through the lens of realism, in International Relations Theory, by Dr. Emmanuel Quashie, lecturer in International Relations, notes and he is quite accurate that, “the Trump administration should also declare a War on the illegal trafficking of guns from the US that is responsible for the bloody violence ravaging our communities and destroying and slaughter of our people as the Prime Minster of Trinidad and Tobago Kamala Persad-Bissessar stated in which she seems to blame the issue solely on “evil traffickers”. 

    Sidestepping this reality, repeating of the American narrative shared by Vice President Vance which does not apportion responsibility and culpability for the crime and violence in this region equally, and not factoring the American complicity into the policy and diplomatic response and engagement is certainly antithetical to the reduction of crime and violence.

    As a matter of fact, it continues to sidestep and pass the difficult task of reduction of crime and violence to the United States of America, ignoring the internal national efforts that Trinidad and Tobago could engage in to reduce crime and violence.

    As no amount of warships parked outside of Trinidad can fix the issues of trust in the institutions, corruption of the police force, court backlogs, income inequality, lack of youth opportunities which provide an environment for crime to fester, broken education system which creates tiers of citizens, broken family and community structures, border control which reduces the influx of illegal firearms, et cetera.

    After all, crime emerges as the data has shown, not simply out of the existence of drugs and guns i.e., manifest tools of crime and violence. But there is an economic, social and political explanation, which lies in the government’s inability to adequately provide for the majority of citizens. Thus, government inadequacy, which cannot be replaced with warships in seas of foreign vessels, must be blamed and responded to.

    It is a short-term knee jerk reaction to appease the West and to remove culpability on the nation-state’s complicit role in festering crime and violence through inaction in a time when long-term sustainable actions are necessary.

    But the decision is also at odds with prevailing data from the US itself, which notes that as per academic and departmental research, that 84% of the cocaine seized in the US comes not from Venezuela, as they are not a cocaine producer, but from Colombia.” In fact, the major cartels that pose a threat to the USA according to the U.S. DEA are the Sinaloa Cartel, and the New Generation Cartel from Mexico. As such, Dr. Quashie argues and he may be accurate that this position has less to do with Trinidad’s benevolence and altruistic foreign policy in advancement of Guyana’s self-determination, or alternatively in reduction of violence in Trinidad and Tobago, but in the destabilisation of the Maduro regime which may result in their view in a return of the Oil market for Trinidad and Tobago, which was obliterated with the Petro-Caribe Initiative.

    But, the naivety of the Prime Minister, unless this is exactly what it was meant to be, seems to be unaware that regime change only benefits the USA’s self-interest of reduction of communism, socialism and other ‘isms’ and is a continuation of their entrenched doctrines in the Caribbean.

    Her support as a friendly host will not result in any benefits for the peoples of Trinidad and Tobago and the wider Caribbean but only be a lesson in the realist nature of geopolitics and the international political economy of war and conflict as noted by Dr. Emmanuel Quashie.

    Haile Sellasie words are thus instructive when he lamented the inaction of the League of Nations, during the League of Nations address when his country was defeated by the Italian army of Mussolini, that “today it is us, but tomorrow it will be you.” 

    Dr. Quashie is also thus also instructive and accurate when he noted that, “thus, the idea that the US military presence in the Caribbean will result in a reduction in illegal guns, drugs and violent crimes is to have a fanciful and superficial understanding of Us foreign policy. Plain and simple, it’s about Venezuela’s oil, because they hold the largest oil reserves in the world and nothing to do with supposed “drug cartels,” or “narco-terrorists” or even the issue of illegal guns that actually comes from the United States and are the main source of the burgeoning gin violence that is ravaging our Caribbean communities.”

    But it is important for citizens to not be distracted by the Prime Minister’s utilisation of the trauma of the victims as an excuse for diplomatic prostitution, as she implicitly suggest that it is an all-or-nothing approach. Such, that, if the USA warships are not stationed in the waters, crime and violence cannot be solved.

    Scholar Lowenthal is thus accurate then as he is now, when he said that “it is a deceptively attractive policy because it seemed cheap and simple, but it is a dangerously short signed, since it amounted to putting out the fires while doing nothing to remove the flammable material.”

    The actualisation of the position was thus seen in the US illegal strike on a boat that the Trump administration claimed were carrying 11 Venezuelan gang members from the Tren De Aragua cartel that was loaded with drugs bound for the US which resulted in the destruction of the vessel and the killing of the individuals. The Prime Minister’s response praising the military operation “that the US Military should kill them all violently” is an affront to the rule of the law, due process, right to a fair hearing, proportionality, among other human rights safeguards enshrined in domestic Constitutional and international human rights treaties.

    Certainly, in Trinidad and Tobago and within the USA, these offences are not meted out with ‘death’ ‘vigilante justice’ or an ‘eye for an eye’. There is no legal penalty for drug trafficking which is summary execution without due process, i.e., being arrested, charged, provided with a trial and permit the prosecution to prove its case beyond a reasonable doubt. In fact, even in circumstances where guilt is proven, or plead by the perpetrators, the penalty is not death by execution as witnessed over the last few days.

    As such, why should this be the policy position on the waters by these states, in flagrant disregard for domestic and international law?

    Instead, in these countries, which boast and are rated highly their admiration for the ‘rule of law’ officials could have simply conducted maritime interdiction of the drug shipments utilising their intelligence, and the subsequent processing, charging, prosecuting and sentencing of the individuals without attacking the vessel’s occupants.

    In some reports, they have noted that in most instances, those transporting the drugs are not big drug traffickers, but rather very young poor people from the region utilised for the enhancement of the drug trade.

    But, in typical Caribbean Prime Minister fashion, anyone who interrogates the policy is somehow an enemy of progress, the state, unpatriotic and not a law-abiding citizen, as opposed to embracing critics who question the rationale, nature, safeguards et cetera of the policy position. And hosting forums, conversations among other forms of public engagement meant to address these concerns and invite people into the confidence of the decision making of the political elite.

    Patriotism and active citizenship is certainly not clothed in selling Caribbean sovereignty to the highest bidder, but in being self-reflective and interrogating the societal issues and the responses by the political elite.

    But the policy position is also problematic because it lacks the necessary details, which can cause citizens to possibly rally and interrogate the position.

    It reeks of an unquestioning endorsement of the Ship Riders Agreement, such that the USA can continue to deploy and operate their coast guard outside their territorial waters, to respond to terrorism and other related activities.

     So, it is important to ask:

    1. What of any benefit is the parking of warships in the Caribbean Sea, and how will it actually seek to reduce crime and violence?
    2. Under what conditions are they present?
    3. How can any ordinary fisherfolk be certain that with the mechanisms utilised they too would not be randomly killed by military arsenal from the US, as young black men are killed in America, by killing first and finding out they do not possess any weapons after? After all, there have been many cases where some Jamaican fishermen have been subjected to abusive measures by the US Coast Guards who accused them of drug smuggling, burning their boats, stripped searched, and shackled like slaves as noted by Bekiempis in a 2019 article published on the subject.
    4. For how long will they remain the Caribbean Sea?
    5. What are the safeguards in place to ensure that they will only pursue their purpose?
    6. What have the two states and the Caribbean region agree should not be done during this military deployment, such as killing of children, women, among other ‘rules of war’, or is it summary execution of every boat on the seas?
    7. What if any are the ramifications if the conditions are breached?
    8. How does the Caribbean people reconcile the history of the West, of utilising our waters and countries as pawns for their own political agenda, at the expense of our small island interests?
    9. Does the President truly mean his friends in the Caribbean will not be terrorised by Venezuela, or is that there is an ulterior motivation of staving off communism as has been embedded within the US-Caribbean relations?
    10. Moreover, as one saw with the recent attack, how can one be assured that the intelligence of the USA and Trinidad and Tobago is accurate such that they are indeed attacking drug cartels, and not just immigrants?
    11. How can we be assured that the execution of the policy is in response to a genuine threat or merely a response to the critics to show that there is a threat?
    12. When the Prime Minister noted that “all traffickers” should be killed violently, how will they ensure if they engage in summary execution that the individuals killed are traffickers as opposed to the trafficked?
    13. And, also, what of the diplomatic courtesies of notification and other forms of engagement with neighbouring states when actions will have regional impacts, or is the Prime Minister still of the insular belief that Trinidad’s actions have no impact elsewhere?
    14. How does the Prime Minister countenance the potential of a return of the US ships and the possible retaliation by Venezuelan authorities on Trinidad and Tobago and potentially the Caribbean region?
    15. Has the Prime Minister engaged in any analysis of the international law surrounding the abovementioned and satisfied herself that it is being followed, or is there just a disregard for law and order?
    16. How does this alter the Caribbean philosophical position of being a zone of peace?

    Naturally, the Caribbean people could remember the pretence of the USA, when they claimed they were ‘saving medical students in Grenada’, only to realise that it was an attempt to destabilise and destroy the Revolutionary Government led by Maurice Bishop. Or one only has to remember the USA’s interventions in Dominican Republic, Guyana, among others to maintain their hegemonic status and stave off potential communism in their backyard, i.e., the Caribbean.   

    But, even today with the onslaught of attacks on Grenada’s ability to retain Cuban medical professionals, under the false pretence of solving human trafficking, only to further isolate Cuba’s medical internationalism, is another apt example of the USA utilising their big stick for their own foreign policy outcomes.

    History can repeat itself, only if we are not conscious enough to know it and take corrective action. And even if it does not repeat itself, certainly this is a rhyme.

    But, in all of these instances, it is important for the defenders of Caribbean freedom and sovereignty to be conscious of how embedded within the US foreign policy has been the Monroe Doctrine, Big Stick Policy, Platt Amendment, among others which advance the USA first interest, and an assumption of an innate hegemonic status in the Western hemisphere.

    Such that, any political squabbles in another state would be interpreted as a hostile act against the USA, that they must respond to. Further, that the region continues to be their backyard, such that any action that is taken, must be in consonant with their underlying interests.

    It is in contradistinction to the Barbados foreign policy position, which other CARICOM leaders have supported, and seem to adopt at their own, at Independence by Prime Minister Errol Barrow, when he said that “we should be friends of all, and satellites of none.”

    But this position by the Prime Minister of Trinidad and Tobago is also a satellite position because in the latter, it advocates pre-emptively responding to war, as opposed to advocating for the Caribbean sea to continue to be a zone of peace.

    Prime Minister Bissessar could have taken the opportunity instead to play a leading role in the Caribbean Region to enhance dialogue over preparation for war. As done in the previous Arnos Vale Accord, Venezuela and Guyanese parties were brought together for dialogue with the ultimate goal of peace. More particularly, the Summit resulted as you know in a Joint Declaration of Argyle for Dialogue and Peace between Guyana agreeing to: “.. directly or indirectly not threatening or using force against one another in any circumstances, including those consequential to any existing controversies between the two States.” This, of course, is in keeping with international law, particularly the customary rule of Article 2(4) of UN Charter, which “prohibits the threat or use of force and calls on all Members to respect the sovereignty, territorial integrity and political independence of other States.”They also agreed “that any controversies between the two States will be resolved in accordance with international law, including the Geneva Agreement dated February 17, 1966.

    And that the talks have not completely yielded peace, does not provide an impetus for the preparation and support of war.

    Or are we so satisfied with being the choir singers of the West that we believe that the more we support the West interest and imperatives, we will be included in the ‘America First’ policy, especially with the endorsement of President Trump, that we are his friends and he will protect us.

    The words of Prime Minister Mia Amor Mottley of Barbados in one of her first UNGA Speeches in 2019 are instructive and should be followed by other Caribbean leaders when she noted, “The time for dialogue, the time for talk, my friends can never be over in a world that wants peace and prosperity. We do not take sides, but what we know is that you cannot propel war over dialogue.”

    Eternal vigilance is truly the price of liberty! Let us advocate that peace and good sense prevails!

    Rahym Augustin-Joseph is the 2025 Commonwealth Caribbean Rhodes Scholar. He is a recent political science graduate from the UWI Cave Hill Campus and an aspiring attorney-at-law. He can be reached via rahymrjoseph9@ gmail.com and you can read more from him here.

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