Negotiations for an Economic Partnership Agreement between the European Union and sixteen Caribbean nations began last Friday with the aim of promoting trade, investment market access and economic integration in the Caribbean region.
Commenting on the talks, the EU’s Trade Commissioner, Pascal Lamy noted: “Tearing down barriers to trade among Caribbean countries is the necessary complement to the almost full access to the EU market already enjoyed by these countries. As a result, the region will come out stronger and EU-Caribbean relations will be boosted."
Meanwhile, Commissioner for Development and Humanitarian Aid, Poul Nielson, observed that stimulating investments and productivity improvements through regional integration and the creation of larger markets “will inevitably strengthen Caribbean producers on international markets.”
The 15 Caribbean countries opening EPA negotiations with the EU are Antigua & Barbuda, The Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St. Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname and Trinidad & Tobago.
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