The Caribbean Community (CARICOM) and Canada are soon to begin negotiations
for a Trade and Development Agreement, it has been announced by the CARICOM
Secretariat.
To this end, a Technical Working Group is to meet shortly to finalise the region’s
Negotiating Brief, to be presented for approval at a Special Council
for Trade and Economic Development (COTED) prior to the first negotiating session
with Canada, which should take place before the end of July.
Irwin LaRocque, Assistant Secretary-General Trade and Economic Integration
(TEI) said that during “fruitful” discussions at the Twenty-Sixth
Special Meeting of the COTED on Trade in Antigua and Barbuda on Saturday 10th
May, ministers stressed that any negotiations with Canada must have a strong
development component.
The ministers, he continued, also recognized and agreed that there was a 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, 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 CARICOM to work on the extension of
the CBTPA.
The COTED also discussed the Trade and Investment Framework Agreement between
the US and CARICOM.
Ministers additionally 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 national and regional
levels on the other, the ministers agreed on the completion of outstanding negotiations
before taking on board new ones.