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COTED to review CSME tomorrow

May 13, 2009 News

Guyana will be hosting the Twenty-Seventh Meeting of Council for Trade and Economic Development (COTED) to examine matters related to the implementation of the Caricom Single Market and Economy (CSME), agriculture, transportation, and external economic and trade relations.
This meeting will be hosted tomorrow and Friday.
The Council, which comprises Trade Ministers, will consider the Caricom Competition Commission’s 2008 Report and its 2009 Work Programme.
The Caricom Competition Commission was established in January 2008 in Paramaribo, Suriname. Haiti will update the meeting on its preparations for the trade in goods regime of the CSME.
At the two-day meeting, the Ministers will discuss the recommendations from the Ministerial Council of the Caribbean Regional Fisheries Mechanism (CRFM).
The Council met for the first time on January 16, last, in St. Vincent and the Grenadines, and again on May 8, last, in Barbados to discuss the draft agreement on the Common Fisheries Policy.
The draft is expected to be presented for consideration at the upcoming Meeting of the Conference of Heads of Government.
COTED will receive a report from Jamaica on the establishment of a Centre of Excellence for Advanced Technology for Agriculture.
The Centre was established in Jamaica in March last with assistance from the Government of Spain through the Spanish Agency for International Development Cooperation.
In addition, the meeting will receive updates on several matters including the recommendation to establish a Single Air Space, piracy and its threat to maritime transportation. Developments with respect to preparations for negotiating a trade and development agreement between CARICOM and Canada, and the Economic Partnership Agreement (EPA) signed between the Caribbean Forum of African, Caribbean and Pacific States (CARIFOUM) and the European Community will also be discussed.

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