Tag Archives: trade digest

Caribbean Trade & Development Digest – March 19-25, 2017

Welcome to the Caribbean Trade and Development Digest for the week of March 19-25,2017!  I am pleased to share some of the major trade and development headlines and analysis across the Caribbean region and the World.

It is “Brexit Week”! This Wednesday United Kingdom (UK) Prime Minister Theresa May is expected to trigger Article 50, beginning the formal process of the UK’s withdrawal from the European Union (EU). I trust you will enjoy this week’s edition of our Caribbean Trade and Development Digest!

For past issues of our weekly Caribbean Trade & Development Digest, please visit here.

To receive these mailings directly to your inbox, please follow our blog.

REGIONAL NEWS

Grenada joins list of CARICOM countries to ban corned beef from Brazil 

Jamaica Observer: Grenada has join the list of countries within the Caribbean Community (CARICOM), to place a ban on the importation and consumption of corned beef from Brazil. Read more 

Dominican Republic: Plantain contribution vital to GDP

Fresh Plaza: The Dominican Republic’s plantain sector contributes more than RD $14.000 million per year to the country’s gross domestic product (GDP) and it is one of the products that promotes the economy’s development the most, stated the chief executive of the Dominican Agribusiness Board, Osmar Benitez. Read more 

CARICOM to introduce secure, harmonised skills certificate

Antigua Observer: The Caribbean Community (Caricom) said it will be implementing a harmonised skills certificate with a range of security features under the Caricom Single Market & Economy (CSME) regime. Read more 

EU wants to advance common agenda with CARICOM in global fora

Nation News: The Caribbean Community (CARICOM) on Wednesday accredited a new Ambassador of the European Union (EU), with the new envoy advocating for the relationship to more effectively advance a common agenda in global and multilateral fora. Read more 

Jamaica, Brazil face off over “bully beef”

Jamaica Observer: Jamaica and Brazil appear to be heading towards a trade row over the island’s ban on corned beef imported from that South American country as both sides yesterday took hard positions on the measure. Read more 

Finland expresses interest in CARICOM’s bioenergy potential

Jamaica Gleaner: Finland has expressed an interest in exploring the bioenergy potential in mainland territories of the 15-member Caribbean Community (CARICOM) countries. Read more 

EUR 24m in support to the Caribbean’s private sector

St Lucia Times: The European Union (EU) have signed the 11th European Development Fund (EDF) agreement worth EUR 24 Million to support regional private sector development. Read more 

INTERNATIONAL NEWS

Trump to review all 14 US FTAs

Fortune: The Trump administration is preparing new executive orders to re-examine all 14 U.S. free trade agreements and review government procurement policies to aid American companies, two administration officials said. Read more 

EU, Mercosur Countries Work to Speed up trade talks 

ICTSD Bridges: Talks on a potential trade deal between the EU and Mercosur have reportedly been gaining renewed traction, with diplomats from both trading partners affirming their commitment to bringing the long-running negotiations closer to a successful conclusion. Read more 

Pacific countries to sign deal next month

Radio New Zealand: Pacific Island countries are expected to sign the proposed regional trade deal called PACER Plus next month. Read more 

Anti-Brexit protesters march in London 

The Australian: Tens of thousands of protesters marched in London against plans for Britain to withdraw from the European Union. Read more 

China, Australia work together to develop Asia-Pacific Trade

Global Times: At a time of uncertainty, where protectionist economic policy poses some threats to the broader global market, Chinese Premier Li Keqiang‘s visit to Australia has highlighted the importance of the two nation’s responsibility to work together and develop trade in the Asia-Pacific. Read more 

Africa Trade Meeting Has no Africans after Visa denials

VOA: Each year, the University of Southern California brings delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Read more 

Outcomes from FATF annual Private Sector Consultative Forum

FATF: The Financial Action Task Force (FATF) held its annual Private Sector Consultative Forum on 20-22 March 2017 in Vienna, Austria, hosted by the United Nations Office on Drugs and Crime (UNODC).Read more 

Japanese, European leaders push for swift conclusion to trade talks

ICTSD Bridges: Japanese Prime Minister Shinzo Abe met with German Chancellor Angela Merkel on Sunday 20 March in Hanover, renewing calls to finalise negotiations on a EU-Japan free trade accord and defending open and fair trade. Read more 

Wildlife Trade: China Reports drop in demand for ivory

ICTSD Bridges: The past month has seen a series of domestic efforts aimed at addressing different aspects of wildlife trade, from the implementation of measures to further regulate or curb ivory sales in various countries and a debate in South Africa over domestic trade in rhino horn. Read more 

MacAuley Looks to tap Asia-Pacific trade for Canada

The Guardian: MacAulay held talks with his counterparts in both countries to promote Canadian products like lobster, livestock genetics, blueberries, grains and oilseeds. Read more 

Algeria ready to strengthen trade with South Africa

Brand South Africa: Algerian ambassador to South Africa Abd-El-Naceur Belaid called for stronger economic partnerships between Algeria and South Africa at an Algeria-South Africa trade and investment summit held in Johannesburg. Read more 

Canada aims to avoid Brexit cliff-edge with trade talks 

Toronto Star: The government is pushing for its trade deal with Europe to be ratified by Britain before it leaves the European Union to secure the crucial agreement. It also has its eye on deeper relations with the U.K. once Brexit is complete. Read more

RCEP “another important path” for trade liberalisation

Channel News Asia: Even as the United States has pulled out from the Trans-Pacific Partnership (TPP), both Singapore and Vietnam are “watching how things will develop” on the trade pact, said Prime Minister Lee Hsien Loong, at the end of his visit to Vietnam on Friday (Mar 24). Read more 

Panels established to review US renewable energy measures and Russian transit restrictions

WTO News: The Dispute Settlement Body (DSB) agreed on 21 March to the establishment of two new dispute panels: one to review a complaint filed by India regarding certain measures at the state level in the United States to promote renewable energy; and the second to review Ukraine’s complaint regarding restrictions on goods in transit through the Russian Federation. Read more 

UK Food Lobby Calls for Tariff-Free Post Brexit Trade with EU

Bloomberg: Industry bodies representing the U.K. food supply chain have called on the government to seek a tariff-free trade agreement with the European Union during coming Brexit negotiations. Read more 

Malaysia remains open on TPP

The Borneo Post: Malaysia is still keeping its options open on the Trans-Pacific Partnership (TPP) as 10 of its signatories met in Chile last week, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. Read more 

US Chamber urges quick vote on USTR pick: Lighthizer

The Hill: The nation’s largest business lobby on Wednesday threw its support behind President Trump’s pick to lead U.S. trade policy. Read more 

Mexico prepared to “step away” from NAFTA if negotiations don’t benefit the country

Mercopress: Mexican Foreign Minister Luis Videgaray said that if North American Free Trade Agreement negotiations don’t benefit all parties involved, the country is willing to “step away” from it. In an interview with Bloomberg, he said pulling out of NAFTA would be a last resort. Read more 

Trumps pipeline permit to TransCanada

USA Today: The company responsible for the Keystone XL oil pipeline said Friday that President Trump’s administration signed off on the project, clearing a hurdle for a polarizing endeavor that has rankled environmentalists and inspired hope for jobs among supporters. Read more 

Trump trade negotiator wants stronger ties with Taiwan 

China Post: U.S. President Donald Trump’s nominee for trade representative has urged stronger bilateral ties with Taiwan, according to a report released Tuesday. Read more 

CTLD NEWS 

Read my latest commentary Sport, Entrepreneurship and Development

Caribbean Trade Law & Development (CTLD) and the Africa Caribbean & Pacific Young Professionals Network (ACP YPN)  have submitted joint written evidence to the United Kingdom (UK) House of Commons’ International Trade Committee’s on-going UK-US Trade Relations Inquiry . The inquiry  is examining the potential for a trade agreement between a post-BREXIT UK and the United States  of America (US).Our joint submission has been published on the UK House of Commons’ ITC’s website and may be viewed here.

Liked this issue? Read past issues of our weekly Caribbean Trade & Development Digest, please visit here. To receive these mailings directly to your inbox, please follow our blog.

Advertisements

Caribbean Trade and Development Digest – January 30-February 4, 2017

Source: Pixabay

Welcome to the Caribbean Trade and Development Digest for the week of January 30-February 4, 2017!  I am pleased to share some of the major trade and development headlines and analysis across the Caribbean region and the World. 

For past issues of our weekly Caribbean Trade & Development Digest, please visit here.

To receive these mailings directly to your inbox, please follow our blog.

REGIONAL

Turkey, Dominican Republic agree to boost trade ties 

Hurriyet Daily News: Turkey and the Dominican Republic have agreed to boost cooperation on tourism, Turkish Foreign Minister Mevlüt Çavuşoğlu said during a visit to the Caribbean state on Feb. 2. Read more 

Donald Trump ‘reviewing’ Cuba Policy, says White House

Independent: Donald Trump is to conduct a “full review” of America’s foreign policy towards Cuba, White House press secretary Sean Spicer has announced. Read more 

Governor Scott puts provision in proposed budget to block trade with Cuba

Miami Herald: Following on the heels of last’s week threatened retaliation against Florida ports that sign agreements with Cuba, Gov. Rick Scott has tucked another anti-Cuba provision into his proposed state budget that is even more far-reaching. Read more

CBI Bank Accounts under Scrutiny in Dominica 

WinnFM: There is no official word either from foreign banks in Dominica or the Skerrit administration, that government Citizenship by Investment accounts have been closed.  Read more 

Dominican Republic could become logistics hub

Dominican Today: The Dominican Republic could become a Regional Logistics Centre or Hub for maritime trade in the Caribbean, according to government representatives and national shipping and maritime business owners. Read more 

Dominican Republic to establish a diplomatic presence in Antigua 

Antigua Observer: President of the Dominican Republic, Danilo Medina has agreed to establish diplomatic presence in Antigua and Barbuda. Read more

Falkland lawmaker visiting Caribbean to promote trade links

Mercopress: Falkland Islands lawmaker MLA Ian Hansen is on a Caribbean mission to improve trade and industry links with the region, and seeking political support for the Islands. The tour includes Barbados, Dominica and Guyana, according to Barbados TODAY news agency. Read more 

St. Kitts and Nevis Ranks Number One in Trading Across Borders 

SKN Observer: St. Kitts and Nevis has ranked number one in the CARICOM in trading across borders according to the “2016 Doing Business Report”, says Kennedy DeSilva, Deputy Comptroller of Customs in the Office of the Comptroller, appearing on today’s radio-television show “Working for You” on January 25. Read more 

CARICOM and Switzerland deepen relations

Jamaica Observer: The 15-member Caribbean Community (CARICOM) says it is looking forward to a concrete programme of cooperation with Switzerland after the European country’s diplomat presented his credentials to CARICOM Secretary General Irwin La Rocque on Thursday. Read more 

Jamaican Tourism Interests Optimistic Following Trade Talks with Tour Operators

Jamaica Gleaner: Jamaican tourism stakeholders are expressing optimism after a series of successful meetings with tour operators at the Caribbean Hotel and Tourism Association’s Caribbean Travel Marketplace now under way at the Atlantis, Paradise Island, in The Bahamas. Read more 

Puerto Rico Launches new Push for Statehood

TelesurTV: Puerto Rico Friday approved a measure to hold another referendum to vote on becoming a state, set for June 11. It comes as the U.S. territory continues to struggle with the ongoing effects of colonialism and a major debt crisis. Read more 

Caribbean Tourism Requires Stronger Partnerships

Caribbean360: The Caribbean region’s tourism growth potential in 2017 and beyond is enormous, but not without continued collaborative partnerships between the region’s public and private sectors. Read more 

OECS Supports Geothermal Energy Production

St Lucia Times: Financing and government policy have been identified as the major challenges to the development of geothermal energy in the Eastern Caribbean. Read more 

INTERNATIONAL

Mexico pushes for trade deal with New Zealand

New Zealand Herald: Trade Minister Todd McClay will request that talks on a Mexican free trade deal be placed on the agenda when he meets his counterpart in Mexico in 10 days time. Read more

Brexit Plan Published in Government White Paper

BBC: The government has published an official policy document setting out its Brexit plans. Read more

Homeland Security Suspends Travel Ban

CNN: President Donald Trump’s government moved swiftly Saturday to comply with a federal judge’s order halting his travel ban — even as Trump himself denounced the judge — but readied its legal defense of the controversial executive action. Read more

Trump, Abe to discuss Potential Bilateral Deal and TPP at Washington Summit

ICTSD Bridges: US President Donald Trump has announced plans to meet with Japanese Prime Minister Shinzo Abe in Washington to discuss trade and security matters in what will be the first face-to-face talks between the leaders since Trump took office last month. Read more

US Tax Plan would break tax rules, lawyers say

CNBC: A proposed U.S. corporate tax reform would almost certainly contravene international trade rules if implemented, lawyers told Reuters, risking the biggest dispute in the history of the World Trade Organization. Read more 

Least developed countries propose caps on trade distorting farm subsidies at WTO

ICTSD Bridges: WTO members must agree to cuts and new ceilings for trade-distorting farm subsidies, says a proposal from a group of dozens of the world’s poorest countries at the global trade body. Read more

 

African Union wants its members to pull out of ICC

Daily Nation (Kenya): The African Union (AU) wants its member states to pull out of the International Criminal Court (ICC). Read more 

UK plans to adopt EU’s agreements with third countries

Reuters UK: Britain expects to be able to adopt the European Union’s free trade agreements (FTA) with around 40 countries after it leaves the bloc rather than negotiate new deals, trade minister Liam Fox said on Wednesday. Read more 

Mexico, Turkey to speed up talks to sign trade deal 

Reuters: Mexico and Turkey will speed up negotiations to sign a bilateral trade agreement, Mexican Foreign Minister Luis Videgaray said on Friday at an event in Mexico City with his Turkish counterpart. Read more

India to host key RCEP Meeting at Hyderabad in July

Economic Times (India): India will hold RCEP negotiations meeting this coming July in Hyderabad. Read more 

Nebraska farmers, ranchers wary of Trump ending NAFTA

Omaha World Herald: Like a lot of Midlands farmers, Randy Uhrmacher gets a little nervous when he hears in the news about President Donald Trump looking to shake up free trade agreements. Read more 

Mexican government initiates NAFTA review with private sector

Yucatan Times: The federal government will begin a process of consultation with the private sector, prior to the negotiation of the North American Free Trade Agreement with the US, which will continue on a permanent basis. Read more

Brexit: MPs overwhelmingly back Brexit bill

BBC: MPs have voted by a majority of 384 to allow Prime Minister Theresa May to get Brexit negotiations under way. They backed the government’s European Union Bill, supported by the Labour leadership, by 498 votes to 114. Read more

US Ranchers Look for some action on Country of Origin Labelling

FSN:  Two states known for their cowboys, Wyoming and South Dakota, have seen early introduction of COOL bills in their legislatures, respectively, in Cheyenne and Pierre. Cattlemen headquartered in neighboring Montana have not given up on a national bill. Read more 

US withdrawal from TPPA will hasten negotiations on RCEP

The Star (Malaysia): The withdrawal of the United States from the Trans-Pacific Partnership Agreement (TPPA) will help hasten the process of concluding negotiations on the Regional Comprehensive Economic Partnership (RCEP). Read more 

Brexit: Angela Merkel warns UK PM Theresa May over slashing taxes

Independent (UK): Angela Merkel has hit back at Theresa May’s threat to slash taxes to undercut the EU if it blocks a Brexit deal, warning taxes are the price paid for a just society. Read more 

Trade Ministers on TPP Rescue Mission

RNZ:  (New Zealand’s) Trade Minister Todd McClay will meet his Australian counterpart in Sydney today in a bid to salvage the Trans-Pacific Partnership trade deal. Read more

Canadian Ambassador reassures Mexico on NAFTA

Toronto Star: In an interview with Mexican newspaper Reforma, Pierre Alarie sought to quell fears that Canada would abandon its trading partner during negotiations. Read more 

BONUS

WTO Video on TRIPS Amendment by Mexico’s Perez Motta

In this video statement on the WTO’s Youtube Channel, Mexico’s Eduardo Pérez Motta, a former TRIPS Council chair, says that the impact of the TRIPS amendment should be judged by the prices and supply of critical medicines.

Watch here (English)

Watch here (Spanish)

OECD Releases new brochure “Towards Better Trade Policies” 

The OECD’s new brochure “Towards Better Trade Policies” provides an executive overview of OECD work on trade, and contains comprehensive lists of references to all evidence we have developed over the past five years. Read more 

NEW ON CARIBBEAN TRADE LAW & DEVELOPMENT BLOG

TPP: Acting USTR Submits Withdrawal Letter

Brexit White Paper Released by UK Government

UK-US Trade Inquiry launched by UK Parliament’s International Trade Committee

Brexit Bill Clears First Parliamentary Hurdle

Climate Change, the Caribbean and US-Caribbean Strategic Re-engagement (HR4939)

Liked this issue? Read past issues of our weekly Caribbean Trade & Development Digest, please visit here. To receive these mailings directly to your inbox, please follow our blog.

Caribbean Trade & Development Digest – November 20-December 3, 2016

Photo source: Pixabay

Caribbean Trade Law & Development is pleased to share some of the major trade and development headlines and analysis across the Caribbean region and the World for the weeks of November 20-December 3, 2016. 

For past issues of our weekly Caribbean Trade & Development Digest, please visit here.

To receive these mailings directly to your inbox, please follow our blog.

REGIONAL

Belize Senate criticises Belize-Guyana Trade Pact

7 News Belize: One of the motions which we didn’t get a chance to tell you about, was a resolution tabled by the Government. It authorizes the Barrow Administration to ratify a Framework agreement between the Governments of Belize and Guyana for bilateral cooperation.Read more

IDB Loan will support economic developent and foreign trade in Guyana

Caribbean News Now: Guyana will improve its public infrastructure and promote economic diversification and foreign trade with a US$9 million Inter-American Development Bank (IDB) loan that will help strengthen the economy and stimulate exports and investments. Read more

Guyana seeking to register Demarara as Geographical Indication

Stabroek: The Commercial Registry here has received applications for Demerara Sugar, Demerara Molasses and Demerara Rum. Minister of Foreign Affairs Carl Greenidge said that recapturing the name provides opportunities for producers to obtain market recognition. Read more

ExporTT Chairman: T&T must improve trade with EU

Trinidad Guardian: Incoming chairman of ExporTT Ashmeer Mohammed said the agency is committed to improving trade with the European Union (EU) and arresting the current decline in trade between T&T and the EU. Read more

Region’s exports fall five percent

Trinidad Guardian: The Economic Commission for Latin America and the Caribbean’s (Eclac) annual report Latin America and the Caribbean in the World Economy 2016 shows that the foreign trade dynamics of the region are having their worst performance in eight decades. Read more

Illicit Cigarette Trade Booming

LoopJamaica: The illicit cigarette trade now accounts for a fifth of the local market, according to cigarette distributor Carreras Limited. Read more

Entities partner to grow exports

JIS: Four private- and public-sector bodies have signed a memorandum of understanding (MOU), agreeing to work together to grow national exports to US$2.5 billion by 2020. Read more

Belize and Jamaica squash “beef” over patties

Breaking Belize News: On November 17, Jamaica’s Minister of Industry, Karl Samuda successfully met with Minister of Trade and Commerce, Tracey Panton, in Guyana during the 43rd meeting of CARICOM’s Council for Trade and Development. Read more

Jamaica, EU discuss moving EPA to full implementation

Jamaica Observer: Minister of Foreign Affairs and Foreign Trade Kamina Johnson Smith, in highlighting the concerns of the Jamaica’s private sector about the challenges faced in accessing the European Union markets, said that Jamaica’s strength and advantages in its services sectors would be greatly unlocked if there was a special visa regime between CARIFORUM and European Union (EU) countries. Read more

Kenya: President Roots for Increased Trade between Kenya, Latin America & the Caribbean

allAfrica: President Uhuru Kenyatta has called for increased trade between Kenya, the Latin America and Caribbean regions.Read more

INTERNATIONAL

Maersk Line to Acquire Hamburg Süd

Maersk Line: Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals. Read more

OPEC Reaches Oil Output Reduction Agreement

Global Trade Magazine: The thirteen members of the Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, reached an agreement yesterday to reduce oil output by 1.2 million barrels a day beginning next month. Read more

China says its will promote trade deals regardless of TPP, RCEP Direction

Reuters: China said it will actively participate in bilateral and multilateral trade deals, with the goal of deepening reform and opening up its economy, regardless of the direction the Trans Pacific Partnership (TPP) or the China-backed Regional Comprehensive Economic Partnership (RCEP) might take. Read more

Singapore leads global trade ranking for the fifth time

SBR:  Its domestic market is rated as world’s most open.Singapore topped the Global Enabling Trade Report 2016 once again.  Read more

EU-Georgia Free Trade Deal Boosting Trade Flows

Tax News: Trade flows between Georgia and the EU increased 16 percent in 2015, the first full year since the Deep and Comprehensive Free Trade Area (DCFTA) was provisionally applied.The EU-Georgia Association Agreement, which includes a DCFTA, was provisionally applied from September 2014. It fully entered into force on July 1, 2016. Read more

Sanders to introduce US ‘Outsourcing Tax’ Legislation

Tax News: US Senator Bernie Sanders has stated his intention to introduce legislation into Congress that would impose an “outsourcing tax” on companies moving jobs out of the United States, as well as stripping them of their US tax breaks and benefits. Read more

China urges U.S. to abide by WTO anti-dumping agreement

Reuters: China on Friday urged the United States to abandon a surrogate country approach it uses to calculate anti-dumping measures against Chinese exports, as a related clause in China’s World Trade Organization (WTO) deal is set to expire. Read more

MEPs reject call for Court Review of CETA

Tax News: The European Parliament has rejected a request by 89 Members of European Parliament to refer the EU-Canada Comprehensive Economic and Trade Agreement to the European Court of Justice for an opinion.  Read more

China, New Zealand To Upgrade FTA

Tax News: The launch of negotiations to upgrade the existing China-New Zealand free trade agreement (FTA) was announced on November 21, following a meeting between Chinese Commerce Minister Gao Hucheng and New Zealand’s Trade Minister Todd McClay at the Asia-Pacific Economic Cooperation Summit in Lima. Read more

Next Round of RCEP Negotiations in Jakarta Dec 5

Economic Times: The single-tier system of duty relaxation under the proposed mega trade deal RCEP will be the central issue to be discussed at the next round of negotiations of 16 countries, including India and China, in Jakarta from December 5. Read more

WTO chief says no indication Trump wants to take US out of WTO

Reuters: World Trade Organization chief Roberto Azevedo said on Thursday he had no indication that U.S. President-elect Donald Trump wanted to withdraw the United States from the global trading body. Read more

NEW ON CARIBBEAN TRADE LAW & DEVELOPMENT

President-elect Trump’s trade team takes shape: What implications for the Caribbean?

Happy Independence! Tribute to Barbados at 50

Dominica Ratifies WTO Trade Facilitation Agreement

WTO Panel Rules Tax Incentive to Boeing a Prohibited Subsidy

Fidel Castro; Friend to the Caribbean & Anti-Imperialist Hero

TPP: Trump to withdraw from the Agreement on Day One

For past issues of our Caribbean & Trade Development Digest, please visit here. To receive these mailings directly to your inbox, please follow our blog.

 

Caribbean Weekly Trade & Development Digest – February 28 – March 5 2016

These are some of the major trade and development headlines and analysis across the Caribbean region and the world for the week of February 28- March 5, 2016 :

Regional

Biofuel Manufacturer to invest US$95 million in Jamaica plant by 2017

South Florida Caribbean News: As renewable energy demands increase globally, biofuel developer Benchmark Renewable Energy LLC has officially announced plans to develop a large scale bio-ethanol operation in Jamaica. Read more

Barbados passport tops Caribbean passports in ease of visa-free travel

Caribbean Trade Law & Development: Barbados has the best passport among Caribbean countries. This is according to Henley & Partners’ recently published Visa Restrictions Index 2016 in which Barbados has topped Caribbean countries in the ease of which its citizens/passport holders can cross international borders. Read more

US airlines sign up for commercial flights to Cuba

CNN Money: American Airlines, Alaska Airlines, Delta Air Lines, Southwest Airlines, United Airlines and JetBlue have all submitted applications to the U.S. government to fly commercial flights to Cuba. Read more

T&T facing downgrade by Moody’s Investors

Trinidad Express: For the second time in two years, Trinidad and Tobago is facing a downgrade by international credit ratings agency Moody’s Investors Service. Read more

Strike hits Guyana’s sugar industry

Caribbean360: A day after declaring that Guyana’s first crop sugar target was on track to be met, the Guyana Sugar Corporation (GuySuCo) has been hit by strike action. Read more

Barbados & St. Lucia Negotiating Agreement

CARICOM Today: The Governments of Barbados and St. Lucia have decided to proceed to the negotiation and conclusion of an agreement establishing the maritime boundary between the two States. Officials from the two States met in Barbados from March 1 to 4, 2016 and prepared the draft text of a maritime boundary delimitation agreement. Read more

International

India files dispute against the US over non-immigrant temporary working visas

WTO: On 3 March 2016, India notified the WTO Secretariat that it has initiated a WTO dispute proceeding against the United States regarding measures imposing increased fees on certain applicants for two categories of non-immigrant temporary working visas into the US, and measures relating to numerical commitments for some visas.  Read more

Commodity prices signal market bottom

Financial Times: When news of the highest crude stocks since the Great Depression hit oil traders’ screens on Wednesday, those expecting another rush of sell orders were in for a surprise. Read more

Paraguay becomes second South American nation to ratify the Trade Facilitation Agreement

WTO: Paraguay has become the second South American nation to ratify the WTO’s new Trade Facilitation Agreement (TFA). Eladio Loizaga, Paraguay’s Minister of Foreign Affairs, presented his country’s instrument of acceptance to WTO Deputy Director-General Yi Xiaozhun on 1 March. Read more

EU, Canada Revise Investment Protections in Trade Deal

ICTSD: The EU and Canada announced on Monday that they have revised the investment protection terms in their bilateral trade pact, with the new version now including an investment court system that Brussels is hoping to pursue in other trade agreements – including with the US. Read more

Barclays Africa ‘s trade finance future uncertain

Global Trade Review: Barclays Africa’s trade and export finance future will be in the hands of the bank’s next majority shareholder after Barclays reduces its 62.3% stake to around 20% over the next two to three years. Read more

US Imposes 266 percent tariffs on some Chinese steel imports

Wall Street Journal: The Department of Commerce Tuesday imposed preliminary duties on imports of cold-rolled steel, used to make auto parts, appliances and shipping containers, from seven countries including China, whose steelmakers were slapped with a massive tariff. Read more

Recent Articles: Caribbean Trade Law & Development Blog

US President Obama’s Trade Agenda – 2016

Barbados’ Passport Tops Caribbean Passports in Ease of Visa-free Travel

For past issues, please visit here.

Alicia Nicholls, B.Sc., M.Sc., LL.B. is a trade and development consultant with a keen interest in sustainable development, international law and trade. You can also read more of her commentaries and follow her on Twitter @LicyLaw.

%d bloggers like this: