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Upcoming CARICOM-Canada negotiations…

May 13, 2008 News

Trade Ministers call for strong development component

Ministers of Trade of the Caribbean Community (CARICOM) have reiterated the need for a strong development component and a structure that caters for political involvement in the upcoming negotiations with Canada.

CARICOM and Canada are soon to begin negotiations for a Trade and Development Agreement, and to this end, a Technical Working Group is to meet shortly to finalise the Region’s Negotiating Brief, which will be presented for approval at a Special COTED prior to the first negotiating session with Canada, which should take place before the end of July.

His Execllency, Ambassador Irwin LaRocque, Assistant Secretary-General, Trade and Economic Integration (TEI), said that during “fruitful” discussions at the Twenty-Sixth Special Meeting of the Council for Trade and Economic Development (COTED) on Trade in Antigua and Barbuda last Saturday, Ministers stressed that any negotiations with Canada must have a strong development component.

The ministers, he said, also recognized and agreed that there was need for the negotiating structure to allow for political engagement between CARICOM ministers and their Canadian counterparts on the negotiations.
At the day-long meeting on Saturday, a paper was presented on the region’s position on the upcoming mini-ministerial of the Doha Development Round. A technical working group is to meet urgently to refine the Community’s Negotiating Brief and to highlight the region’s core areas of interest.

With regard to CARICOM-US trade relations, the ministers reiterated the need for the US to extend the Caribbean Basin Trade Partnership Act (CBTPA). In that regard, the ministers recognized the efforts being made by Congressman Charles Rangel, Chairman of the Ways and Means Committee of the US House of Representatives. During the Conference on the Caribbean, last June, President George W. Bush and Congressman Rangel made a commitment to CARCOM to work on the extension of the CBTPA.

The COTED also discussed the Trade and Investment Framework Agreement between the US and CARICOM.
Ministers also agreed to the prioritization of the scheduling for External Trade Negotiations. Based on the requests and commitments to engage in trade negotiations, on the one hand, and capacity limitations at the national and regional levels on the other, the ministers agreed on the completion of outstanding negotiations before taking on board new ones. (CARICOM)

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