Study examines weaknesses and opportunities in Caribbean intra-regional trade

Caribbean Community (CARICOM) agriculture ministers have been presented with a study that analyzed the weaknesses and opportunities in intra-regional food trade and transportation, the Guyana-based CARICOM Secretariat has said.

- Advertisement -
Journey to Kingston-728x90

The Business Development Thematic Group (BDTG), chaired by the Inter-American Institute for Cooperation on Agriculture (IICA), with support from Caribbean Community (CARICOM) member countries, presented the study that also proposed actions to improve the regional transportation system and logistics environment, in a bid to enhance production development in these countries.

During the presentation, Bahamas Minister of Agriculture and Marine Resources, Michael Pintard, acknowledged that, “logistics for transportation and trade of fresh produce along trade routes is of vital importance to the region and taking action in this regard is a matter of urgency”.

The study pinpointed successful cases worth emulating, such as the Container Examination Station at Point Lisas Industrial Port Development Corporation in Trinidad and Tobago and the in-port cold storage facility operated by Barbados Ice Company (BICO).

However, these cases must now be replicated in other countries in the region and reforms undertaken to streamline transactions at Customs and other border agencies. There is also a need to harmonize customs procedures throughout the region.

The presentation was made by Nigel Durrant, Agribusiness Specialist at the CARICOM Secretariat, who stressed the needs of small producers and exporters, who transport much of the fresh produce in the region, particularly in the Eastern Caribbean, which often has limited refrigeration facilities and infrastructure for loading operations and storage.

The statement quoted Durrant as explaining that the study had identified three logistics routes for the southern, eastern and northern Caribbean, and had indicated the types of investments that would be needed to improve the integration of these routes.

“The presentation also spoke to work being undertaken by the Caribbean Catastrophe Risk Insurance Facility (CCRIF) in the area of agricultural insurance; the development of agricultural trade ties throughout the Region by the Caribbean Export Development Agency; and the creation of investment profiles by the Caribbean Agribusiness Association and the Institute,” the statement added.  

More Stories

Poured into purpose: KFC Jamaica honors Principal Jacqueline Brown and Mount Zion educators

In recognition of Teacher’s Day, KFC Jamaica surprised the educators of Mount Zion Primary School in St. Ann with a gesture of appreciation, celebrating...
Cuba crisis

US reaffirms disaster response commitment in Caribbean ahead of hurricane season

The United States has reaffirmed its commitment to strengthening disaster preparedness and emergency response across the Caribbean and wider Western Hemisphere ahead of the...
Belize moves to digital immigration, customs declaration system

British Virgin Islands to introduce immigration quota system under new planning framework

The government of the British Virgin Islands is moving to introduce a structured immigration quota-setting system as part of planned amendments to the Immigration...
Jamaica CMO

Jamaica tightens port surveillance amid hantavirus outbreak on cruise ship

Jamaica’s health and border management authorities are increasing monitoring of cruise ships arriving in the island’s ports as a precautionary measure following an outbreak...
CARICOM mission Bahamas

CARICOM deploys election observer mission to Bahamas ahead of general election

The Caribbean Community has deployed a 12-member election observer mission to The Bahamas ahead of the country’s general election scheduled for May 12. The mission,...

Throp-X Investment Conference returns to Negril with focus on western Jamaica’s growth potential

As investor interest in Jamaica accelerates amid ongoing infrastructure expansion and real estate development, the Throp-X Investment Conference will return to Negril this May...

IMF team visits Barbados for consultations and post-program discussions

A mission from the International Monetary Fund (IMF) is in Barbados this week for regular Article IV consultations with the Government, as well as...
Prime Minister of Antigua and Barbuda, Gaston Browne

Antigua and Barbuda fully constitutes new Cabinet following landslide election victory

Antigua and Barbuda’s new Cabinet was fully constituted on Tuesday, with 14 ministers—including the Prime Minister and Attorney General—formally appointed and issued instruments of...
Prime Minister Philip Davis

Bahamas Government moves to acquire Grand Bahama Power Company

The Bahamas Prime Minister Philip Davis on Tuesday announced a major government move to acquire all outstanding shares of the Grand Bahama Power Company...
Guyana Essequibo region

Venezuela restates claim over Essequibo at ICJ hearings, rejects court jurisdiction

Venezuela on Wednesday reiterated its position that the disputed Essequibo region belongs to the South American country, telling the International Court of Justice (ICJ)...

Latest Articles