JIS News

Minister of Foreign Affairs and Foreign Trade, Dr. Kenneth Baugh has emphasized the importance of positive CARICOM-EU trade and investments to the region.
“As small and vulnerable states, CARICOM members recognise that they require a capacity for greater economic leverage and effectiveness in their external trade and economic relations with states and groups of states. In this regard, CARICOM-EU trade and investment relations are extremely important to the countries of CARICOM,” he said.
Dr. Baugh was speaking at the fourth CARICOM-Spain Summit, in the Spanish city of Zaragoza, yesterday (July 11).
He said the Summit provides an opportunity for Caribbean Community countries to share perspectives on trade relations and draw attention to some concerns of the region with the Government of Spain, a member of the European Union.
“It is essential that there be a deepening of bilateral economic relations between CARICOM and Spain, a major trading partner and investment country in Europe, as the fourteen CARICOM countries, which will shortly be signing the Economic Partnership Agreement (EPA), seek to take full advantage of the opportunities provided by the agreement,” the Minister said.
He explained that the signing of the CARIFORUM-EU Economic Partnership Agreement would signal the end of the non-reciprocal preferential market access that CARICOM countries have traditionally enjoyed in EU markets under successive Lom

Skip to content