Gov’t. First Year Review:
Major Emphasis on New Trade Agreement
September 17, 2008
The Full Story
Over the past year, the Ministry of Foreign Affairs and Foreign Trade, under the charge of Deputy Prime Minister, Dr. Kenneth Baugh, has focussed on implementing strategies to positively impact the country, with regard to trade, while ensuring sustainable relations within the region and the wider society.
These include cementing the specifications, as they relate to the Economic Partnership Agreement (EPA); developing a foreign policy in the context of international politics; strengthening ties with diplomatic partners around the world; sustaining relationships with CARICOM; and integrating the Diaspora.
The EPA, between CARIFORUM states and the European Union (EU), covers trade in goods and services, and investments, and provides for development assistance for capacity building.
The underlying principles and aim of the agreement are defined by the Cotonou Agreement, which has replaced Lom