Strengthening Caribbean-US economic ties: CARICOM and US officials agree on TIFA expansion

In a significant development aimed at bolstering their economic ties, representatives from the Caribbean Community (CARICOM) and the United States have announced their intention to deepen their cooperation through the Trade and Investment Framework Agreement (TIFA).

Reaffirming economic partnership

In the wake of the ninth meeting of the CARICOM-United States Trade and Investment Council held over the weekend, a joint communique issued on Monday underlines the enduring significance of their bilateral trade and economic relationship.

The statement underscores that the two-way trade and investment flows have exhibited remarkable resilience and recovery since the onset of the global pandemic.

Seizing opportunities for economic growth

Both delegations, in their joint declaration, emphasize the pivotal role of the TIFA in fostering closer economic collaboration.

This accord offers a pivotal opportunity to further enhance their economic partnership by facilitating the expansion and diversification of exports and fostering increased investments.