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Boosting Inter-regional Trade Very Important

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Friday, 17 June 2016

Boosting Inter-regional Trade Very Important

The European Union-CARIFORUM Economic Partnership Agreement is not only aimed at increasing CARIFORUM member states’ access to the European market, but trade among themselves. In that respect, Silvia Kofler, the Minister Counselor, Political, Trade, Press and Information within the European Union Delegation to Barbados and the Eastern Caribbean, said in terms of intraregional trade there is still a lot of work to be done. She made the point as she referred to the disparities that exist in the trade rules of regional countries, where some countries are more stringent with imports from CARICOM or CARIFORUM countries, than products that come from further afield. She was speaking to The Barbados Advocate on the sidelines of a recently held Regional Validation Workshop of Model Agricultural, Health and Food Safety Bills for CARICOM member states. Referring to the need to harmonise legislation as well as sanitary and phytosanitary (SPS) measures throughout the region, she contended that such efforts, without the political will, will come to naught. With that in mind, she said CARICOM countries can learn from experiences of the EU, which comprise of 28 member states.

Source: barbadosadvocate.com