Caribbean Trade

UK To Boost Caribbean Trade to Maximize Economic Partnership Agreement (EPA)

United Kingdom High Commission to Jamaica, Asif Ahmad
[Jamaica Gleaner] The United Kingdom (UK) has launched a plan of action to support trade in several Caribbean states to help them maximize the benefits of their Economic Partnership Agreement (EPA).

Conceived by the UK’s Department for International Development and delivered by the International Trade Centre (ITC), the UK Trade Partnerships Programme (UKTP) aims to create a more transparent business environment across all CARIFORUM states “by making comprehensive and up-to-date trade and market information available, and supporting SMEs to access it, and by establishing mechanisms to monitor trade obstacles”.

The programme also aims to see increased exports to the UK.

CARIFORUM – or Caribbean Forum – comprises the 15 CARICOM states plus the Dominican Republic and serves as a base for economic dialogue with the European Union.

The UK has been working to replicate the effects of the existing EU agreements with the CARIFORUM states to ensure continuity following the transition period and to promote increased trade and investment between the UK and CARIFORUM states in the future.

Further, 13 CARIFORUM States have signed the CARIFORUM-UK EPA, providing vital assurance to businesses, consumers, and investors on the continuity of trade arrangements.

The programme will also work with businesses, trade-support institutions, and other key stakeholders in Jamaica, St Lucia, and the Dominican Republic to boost exports in the creative and specialty-foods sectors […]

image_printPrint
READ  Caribbean Making Plans to Open Up to Travellers

Leave a Comment

Recommended
Andrew Fahie, Premier of British Virgin Islands The international community…