Caribbean Trade Law and Development

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  • Caribbean Trade & Development News Digest – Feb 8-14, 2026

    Caribbean Trade & Development News Digest – Feb 8-14, 2026

    Dear Reader,

    Welcome to our Caribbean Trade & Development News Digest for the week February 8-14, 2026!

    📌THIS WEEK’S HIGHLIGHTS

    WTO reform discussions ahead of the WTO Fourteenth Ministerial Conference (MC 14) in Cameroon next month (March 26-29) reflect pressure on the organisation to adapt to rising protectionism and geopolitics-fuelled trade tensions.

    China announced its intention to remove tariffs on most imports from African countries starting 1 May to expand trade and cooperation across the continent.

    The U.S. House of Representatives voted narrowly to repeal tariffs imposed on Canadian imports under a controversial national emergency declaration.

    At a summit in Belgium, EU leaders backed moving forward with a Buy European approach.

    Let’s get you caught up on these and some of the major trade policy news from across the Caribbean and the world for the past week!

    🌴CARIBBEAN AND HEMISPHERIC TRADE STORIES

    Cuba-bound humanitarian aid flotilla organized as US economic sanctions tighten

    Latin America Reports: An alliance of progressive advocacy groups announced on Thursday their intention to organize a humanitarian aid flotilla – named the Nuestra América Flotilla – to Cuba next month amidst increased economic pressure on the island by the United States. Read more

    Mexico sends aid to Cuba as Sheinbaum walks diplomatic tightrope with US

    The Guardian: Much-needed supplies but no oil arrive on navy ships as Trump stokes island nation’s economic crisis. Read more

    Trinidad receives US licences for cross-border energy work with Venezuela

    CNW: Prime Minister Kamla Persad-Bissessar, in a statement posted Friday on X, said the licences represent an opportunity to deepen hemispheric energy cooperation and strengthen regional stability. Read more

    T&T seeks energy gains…Moonilal optimistic over new US OFAC licences…

    Trinidad Express: The Ministry of Energy will continue proactive engagement with all relevant partners to ensure Trinidad and Tobago responsibly capitalises on opportunities arising from two new licences issued under the US Office of Foreign Assets Control (OFAC) General Licence, Energy Minister Dr Roodal Moonilal has said. Read more

    Caribbean takes centre stage at CAF’s International Economic Forum 2026 in Panama

    Caribbean News Global: Caribbean priorities featured prominently at CAF’s International Economic Forum – Latin America and the Caribbean 2026, as regional leaders, policymakers, experts and business stakeholders advanced discussions on issues at the forefront of the region’s development agenda, including resilience and financing solutions tailored to small island economies. Read more

    CTO head sees potential for continued upward movement

    Nationnews: Tourism in Barbados and the Caribbean is poised for continued growth this year. Caribbean Tourism Organisation (CTO) secretary general Dona Regis-Prosper is confident that will be the outcome, following what she called “another remarkable year” in 2025 for land and cruise tourism. Read more

    Dominican Republic Joins Jamaica, the Bahamas, Guatemala, Mexico, Barbados, and Other Caribbean Countries in Facing Severe Visa Cuts and Travel Changes in the US Under the EXILE Act in 2026: Everything You Need to Know

    TTW: In 2026, the Dominican Republic, along with Jamaica, the Bahamas, Guatemala, Mexico, Barbados, and other Caribbean countries, will face severe visa cuts and significant travel changes due to the implementation of the EXILE Act. Read more

    Dr Reddy’s pharmaceutical brand exporting to oil-rich territories in region

    Jamaica Gleaner: Indian pharmaceutical brand Dr Reddy’s Laboratories shipped its first batch of exports from Jamaica to Trinidad & Tobago and Guyana valued at some US$300,000 – about J$50 million. The shipment marks a step towards positioning Jamaica as a regional pharmaceutical hub. Read more

    U.S. House votes against Trump’s tariffs on Canada

    CBC: 6 Republicans join Democrats in resolution to terminate president’s ‘fentanyl emergency’ tariffs. Read more

    U.S. agriculture groups launch campaign backing trade deal with Canada, Mexico

    CBC: Coalition touts benefits of CUSMA to rural America, key voting block for Trump and Republicans. Read more

    Trump privately weighs quitting USMCA trade pact he negotiated, Bloomberg News reports

    Reuters: U.S. President Donald Trump is privately musing about exiting the North American trade pact, injecting further uncertainty about the deal’s future into pivotal renegotiations involving the U.S., Canada and Mexico, Bloomberg News reported on Wednesday, citing people familiar with the matter. Read more

    U.S. signs trade deal with Taiwan, lowering tariffs to 15%, while Taipei to boost American goods purchases

    CNBC: Washington and Taipei have signed a trade deal lowering tariffs on Taiwanese exports to 15%, on par with those on Asian allies Japan and South Korea, while the island will open its market for U.S. goods. Read more

    Report on Canada’s 2025 CUSMA Consultations released

    MeanwhileUpNorth: From September 20 to November 3, 2025, Global Affairs Canada conducted a second set of public consultations regarding the Canada-United States-Mexico Agreement (CUSMA) through a Canada Gazette notice. Read more

    📢 STRAIGHT FROM THE WTO!

    Philippines launches safeguard investigation on ceramic tiles

    WTO: On 10 February 2026, the Philippines notified the WTO’s Committee on Safeguards that it had initiated on 5 February 2026 a safeguard investigation on imports of ceramic tiles. Read more

    Korea contributes to WTO Global Trust Fund and WTO Chairs Programme

    WTO: The Republic of Korea made a 2025 contribution of CHF 271,000 to the WTO to help build capacity in developing economies and least-developed countries (LDCs), encompassing CHF 145,000 to the Global Trust Fund and CHF 126,000 to help finance the WTO Chairs Programme. Read more

    Applications from LDCs open for WTO annual workshop on transfer of technology

    WTO: Government officials from WTO least-developed country (LDC) members and eligible observers are invited to apply for the 2026 WTO workshop on Article 66.2 (Incentives for Technology Transfer) of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), to be held in Geneva from 21 to 23 April 2026. Applications close on 16 February 2026. Read more

    🌎 GLOBAL TRADE STORIES

    WTO chief in Geneva warns of ‘chaos’ if global trade system collapses

    Swiss Info: The head of the World Trade Organization (WTO) has warned of “chaos” if the global trading system were to fall apart. But keeping things as they are is not an option, WTO Director General Ngozi Okonjo‑Iweala said on Wednesday in Geneva. Read more

    After U.S. extends AGOA, China finally agrees zero-tariff access for 53 African nations

    Business Insider (Africa): China will implement zero-tariff treatment for imports from 53 African countries with which it maintains diplomatic relations from May 1, 2026, state media reported on Saturday, in a move that broadens Beijing’s preferential trade regime across the continent. Read more

    China-South Africa trade deal signals new era of economic cooperation

    CGTN: China and South Africa have taken a major step toward deepening economic ties with the signing of a framework trade and investment agreement, the China-Africa Economic Partnership Agreement for Shared Development. Read more

    US, European Union deals open door to nearly $55-60 trillion market, says Piyush Goyal

    The Economic Times: India has fully protected the interests of farmers and more than 95% of farm produce in its trade deal with the US, commerce and industry minister Piyush Goyal said on Friday, adding that the US and European Union together open up a market of nearly $55-60 trillion for exporters. Read more

    EU leaders agree to move ahead with ‘Buy European’ policy

    The Guardian: Ursula von der Leyen promises action plan to boost and protect sectors including defence, AI and clean tech. Read more

    European Parliament’s political groups agree EU-US trade deal

    Euronews: Representatives of the Parliament’s groups have agreed on the conditions for applying the controversial agreement. After the formal vote, negotiations with EU member states will move towards a final text. Read more

    Australia, EU zero in on free trade deal after breakthrough talks

    AFR: Two days of intense negotiations have all but ended deadlocks over a free trade agreement with the European Union, with a deal now virtually settled and requiring just the signatures of leaders to finalise. 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

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

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

    Dear Readers,

    You have been asking for it and it is back – our Caribbean Trade & Development News Digest! It has been a while and there is much in the trade news to catch up on. Let’s get you caught up on some of the major trade stories from the past days.

    The Inter-American Development Bank (IDB)’s Trade Trends and Estimates for Latin America report shows that the value of goods exports from Latin America and the Caribbean is estimated to have grown by 6.4% in 2025, following an increase of 4.7% in 2024 aided by higher export volumes. But they warn of “continuing uncertainty surrounding the global economic outlook and the direction of trade policies, which could potentially temper global demand”. Have a read of the report here.

    According to UNCTAD’s latest Global Investment Trends Monitor report, global foreign investment rose 14% in 2025, but underlying activity remains weak. The report notes that “a significant share of the increase came from higher flows through major global financial centres. Excluding these, underlying FDI growth would have been closer to 5%”. Have a read here.

    REGIONAL AND HEMISPHERIC TRADE STORIES

    From blackouts to food shortages: How US blockade is crippling life in Cuba

    Al Jazeera: US pressure pushes island nation’s 11 million people to the brink as Cuba imposes emergency measures amid fuel crisis. Read more

    CARICOM strengthens relations with three EU nations

    St Vincent Times: The Caribbean Community (CARICOM) strengthened its growing relationship with Sweden, Norway and Austria this week as new ambassadors from those countries were accredited to CARICOM. Read more

    Africa-CARICOM Trade Poised to Exceed $1 Billion

    St Vincent Times: Exports from the Africa Union to CARICOM could cross the US$1 billion mark, according to a CARICOM Private Sector Organization (CPSO) Study unveiled this week, signalling a major opportunity to rewire CARICOM import supply chains. Read more

    BPO sector highlighted as key driver of jobs and digital exports at business mixer in Belize

    BreakingBelizeNews: CEO Narda Garcia noted that to date, there is a total of 17 BPOs that benefit under Belize’s Designated Process Area Program (the DPA) and that provide over nine thousand jobs to Belizeans. Read more

    Caribbean cannabis growers eye budding domestic sales and exports

    BBC: Last year marked a decade since Jamaica decriminalised the recreational use of cannabis and legalised its production and sale for medical reasons. Several other Caribbean nations, including the twin island country Antigua and Barbuda in 2018, have since followed suit. Read more

    STRAIGHT FROM THE WTO!

    Members discuss next steps on WTO reform ahead of MC14

    WTO members on 3 February considered next steps in advancing work on WTO reform in the lead-up to the 14th Ministerial Conference (MC14) scheduled to take place in Yaoundé, Cameroon, in March 2026. The facilitator on WTO reform, Ambassador Petter Ølberg of Norway, announced that he will launch a reform month on 5 February aimed at discussing a post-MC14 workplan. He underscored that reform must mean change and that WTO reform will be a central element of MC14. Read more

    WTO revamps data portal with new catalogue of WTO datasets

    The WTO has revamped the WTO Data Portal, the principal gateway to all trade data published by the organization. A key feature of the portal is a new catalogue of WTO datasets allowing WTO members and other users to explore WTO data in one self-contained area instead of navigating various platforms. Read more

    GLOBAL TRADE STORIES

    Trump extends AGOA by a year – but wants more US benefits

    African Business: President Trump has extended the flagship US-Africa trade act by a year – but his administration wants to rework it to benefit US firms. Read more

    Here’s why the India-EU trade pact is the ‘mother of all deals’

    WEF: India and the European Union reached a landmark free trade deal last week, concluding negotiations in one of the world’s most ambitious trade pacts. Read more

    U.S. and India unveil framework of interim trade deal, move closer to broad pact

    CNBC: The United States and India moved closer to a trade pact on Friday, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply chains. Read more

    EU and Australia revive stalled trade talks over agriculture, raw materials

    RFI: The European Union is hoping to conclude a long-sought trade agreement with Australia which will include agricultural products and raw materials. Read more

    Trade momentum slows in Asia and the Pacific

    UNESCAP: Asia and the Pacific remained a central driver of global trade and investment in 2025, despite slowing momentum amid rising geopolitical and policy uncertainties. Read more

    China hits growth goal after exports defy US tariffs

    BBC: China said its economy expanded by 5% last year, meeting Beijing’s official target as a record trade surplus boosted growth. Read more

    The Caribbean Trade & Development News Digest is a product of the Caribbean Trade and Development blog.

    Image by Gerd Altmann from Pixabay

  • Deeper CARICOM integration key to navigating fractured global trade order – CARICOM ASG

    Deeper CARICOM integration key to navigating fractured global trade order – CARICOM ASG

    CARICOM Secretariat | Turkeyen, Greater Georgetown, Guyana | Thursday, 29 January 2026:     A senior Caribbean Community (CARICOM) official has positioned deeper regional integration as a strategic response to an increasingly fragmented and uncertain global trade environment, as global rules-based systems weaken and economic nationalism intensifies.

    Ambassador Wayne McCook, Assistant Secretary-General, CARICOM Single Market and Trade, was a panelist discussing Prospects for International Trade in 2026 in the Context of the Changing Global Geopolitical and Economic Landscape – Impact on Trade and the Challenges and Opportunities for the Caribbean and Latin America. The discussion was held on Wednesday, 28 January, at the World Trade Centre in Georgetown, Guyana.

    Contextualising the Region’s position, Amb. McCook said: “For our Region, the scars of the immediate past are visible. The devastating passage of Hurricane Melissa encapsulated the dual challenge we face: the existential threat of climate change and the inherent economic vulnerabilities of our CARICOM Member States. Simultaneously, we have navigated dramatic shifts in global trade, driven largely by an intensified “America First” trade policy that has significantly impacted our exports, value chains and supply chains through a suite of unprecedented tariff measures.”

    Against the background of what he described as “a truly tumultuous 2025” for international and regional trade, Amb. McCook highlighted CARICOM’s “oneness” and its resilience to navigate the “choppy waters” of the 21st century.

    Amb. McCook warned that the erosion of multilateral trade norms is no longer theoretical, but already affecting investment, supply chains, and growth prospects worldwide.

    According to UN Trade and Development (UNCTAD), global foreign direct investment fell by 11 per cent in 2024, marking a second consecutive year of decline, with further weakness expected in 2026. Global trade growth has slowed dramatically, falling below one per cent in 2025, even as uncertainty and geopolitical rivalry reshape supply chains.

    Despite these headwinds, CARICOM’s trade performance has shown resilience. Between 2023 and 2024, CARICOM exports grew by 32 per cent to US$34.7B, with exports to the United States increasing by 86 per cent. However, recent data reveals uneven impacts across Member States.

    The Assistant Secretary-General pointed to the recent steps toward full free movement of people by Barbados, Belize, Dominica, and St. Vincent and the Grenadines as tangible progress toward a more integrated Community.

    “Fundamentally, CARICOM integration should be seen as a strategic response to a shifting global order,” he emphasised.

    Addressing prospects for international trade in 2026, he advanced a multi-pronged strategy focused on strengthening intra-regional trade, strengthening existing relationships while diversifying global partnerships beyond traditional allies, and deepening economic integration. Central to this approach is the CARICOM Industrial Policy and Strategy (CIPS), and the 25×25+5 food security agenda aimed at reducing food import dependence and boosting regional production.
    Read his presentation here: https://caricom.org/deeper-caricom-integration-key-to-navigating-fractured-global-trade-order-amb-wayne-mccook/

  • Caribbean-African Trade: The Unfinished Bridge

    Caribbean-African Trade: The Unfinished Bridge

    Ashley Williams, Guest Contributor

    The Premise

    History left a fracture where a bridge should have been. The Caribbean and Africa—two regions tethered by blood, yet disconnected by trade.
    For centuries, we have exchanged culture, music, and resilience, but not commerce at scale. That was by design.

    Today, we are positioned to correct that. Not as an afterthought, not as a side conversation, but as a deliberate economic force.
    The Caribbean and Africa are two sides of the same coin—one rich in resources, the other rich in financial infrastructure and global access.

    The question is not if this bridge will be built. The question is who will control its foundation.

    The Case for Reconnection

    For decades, Caribbean nations have been locked into trade cycles dictated by former colonial powers.  Our largest exports still head to North America and Europe.
    Our tourism models remain dependent on Western economies. Even our food supply is largely imported from outside the region.

    Africa, too, has been locked into extractive economic relationships—its vast resources flowing outward, while financial control remains offshore.
    China, the EU, and the U.S. have embedded themselves as dominant players in African trade. Yet, the Caribbean is absent. Why?

    Because we have not yet moved as a collective force. But when we do, the system changes.


    Strategic Synergies: What We Bring, What They Bring

    Caribbean economies are small but agile. We are financial architects. We design offshore structures, manage global wealth, and maneuver regulatory frameworks like second nature.
    Africa, on the other hand, is  a sleeping giant—a landmass of opportunity, with raw materials, energy potential, and scale.

    The synergy is undeniable. The Caribbean is the financial brain, Africa is the industrial body.


    1. Financial Infrastructure & Alternative Investment 


    The Bahamas is a financial powerhouse—one of the world’s most recognized offshore banking hubs. Africa is experiencing a fintech revolution, leapfrogging traditional banking systems.

    – Caribbean Strength: We control regulatory frameworks, offshore finance, and structured investment models. 
    – African Strength: Digital banking, mobile finance, and large-scale investment needs. 
    – Opportunity: A Caribbean-African sovereign wealth fund that structures investments in real estate, energy, and infrastructure across both regions. 

    2. Renewable Energy & Power Independence
    Both regions suffer from high energy costs and dependency on fossil fuels. Africa has solar farms the size of cities, untapped hydroelectric power, and access to rare minerals needed for battery storage. 

    – Caribbean Strength: Expertise in solar-powered desalination, grid management, and sustainable energy policies. 
    – African Strength: Raw materials, large-scale renewable energy projects, and battery storage potential. 
    – Opportunity: Co-owned energy companies** that provide off-grid power solutions for both regions—drastically reducing reliance on external energy suppliers. 

    3. Food Security & Agricultural Trade 
    The Caribbean imports **80% of its food.  That is a liability. Africa has the land and the output to close this gap. 

    – Caribbean Strength: Trade logistics, duty-free zones, and financial structuring. 
    – African Strength: Large-scale agricultural production, natural farming conditions. 
    – Opportunity: A direct agricultural pipeline, moving fresh, organic African produce into the Caribbean food supply chain. 

    4. Real Estate & Infrastructure Development 
    Both regions have a real estate boom, but capital access remains a challenge. The Bahamas understands luxury development and foreign direct investment. Africa needs urban expansion and commercial real estate projects. 

    – Caribbean Strength: Investment-friendly real estate laws, residency incentives, and luxury market expertise. 
    – African Strength: High demand for commercial and residential expansion. 
    – Opportunity: A Caribbean-African Real Estate Fund that funnels investment capital from both regions into large-scale developments.


    Breaking the Barriers: The Playbook 

    This is not a matter of potential, but of execution. The barriers are not structural; they are psychological and logistical.

    1. Trade Agreements & Economic Alignment 
    The African Continental Free Trade Area (AfCFTA) exists. CARICOM exists. The link between the two is missing. 
    Bilateral agreements must eliminate tariffs, streamline import/export regulations, and incentivize direct Caribbean-African trade flows.

    2. Direct Shipping & Air Cargo Routes 
    Right now, Caribbean-Africa trade requires detours through Europe or the U.S. That is not sustainable. We need dedicated trade hubs in The Bahamas, Barbados, and Jamaica to serve as logistical entry points for African goods. 

    3. Digital Trade & Blockchain Integration 
    Africa leads in mobile banking. The Bahamas leads in blockchain-friendly regulation. Smart contracts, blockchain-based supply chain verification, and digital trade platforms can bypass traditional barriers and create frictionless commerce. 

    The Bahamas as the Financial Bridge 

    The Bahamas is uniquely positioned to be the Caribbean-African trade epicenter. It is one of the world’s most respected financial jurisdictions, a tax-neutral hub, and a global player in wealth management and fintech.

    What must happen next? A formalized Caribbean-African Investment Forum. A platform that: 

    – Connects investors with African-Caribbean projects.
    – Structures investment vehicles for real estate, energy, and agriculture. 
    – Expands digital banking solutions to enable smooth financial transactions. 

    The Bahamas can lead this movement. Not by asking permission, but by building the infrastructure.

    Conclusion: The Shift is Inevitable 

    This is not just about trade. This is about rewiring the economic power flow. 
    For too long, both regions have been extraction zones—raw materials, cheap labor, offshore finance—flowing outward, never cycling back. 

    The cycle ends here.

    This is about control. Control of capital, control of supply chains, control of our economic future. 

    Africa is rising. The Caribbean is evolving. And when these two forces align, the game resets. 

    The only question that remains is: Who moves first?

    Ashley Williams is an attorney, strategic visionary, and key figure in the rise of The Bahamas and the founder of WilliamsAdvise.