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Thursday, 30 June 2016

Caribbean: expanding share in $130 billion global seafood market

Caribbean economies are poised to benefit from a region-wide initiative to expand seafood market share, through the implementation of food safety measures to enable countries to get a bigger piece of the global pie, worth an estimated US $130 billion annually. Caribbean countries, including the Bahamas, Belize, Grenada, Guyana, Jamaica, Suriname, and Trinidad and Tobago, are now capitalising on a coordinated approach to broaden the gateway to the growing market. CARIFORUM (the Caribbean Community Caricom and the Dominican Republic) now exports about US $400 million worth of fish and seafood annually. Belize and Jamaica are two Caribbean seafood exporters already tapping into markets controlled by the European Union (EU) – a tough market to access because of stringent standards that require countries have systems in place to ensure that their exports are not only safe for consumption but also free from harmful pests and pathogens. In the case of Belize, which has traditionally exported shrimp to the EU, it is moving to export conch to that market for the first time, according to Endhir Sosa, senior food safety inspector, Belize. Sosa was among the 18 professionals from CARIFORUM who recently received management training on sanitary and phytosanitary measures (SPS) in Iceland. The training was offered under the capacity-building component of an EU-sponsored project to implement SPS Measures under the 10th European Development Fund (EDF) regime. The Inter-American Institute for Cooperation on Agriculture (IICA) and the Caribbean Regional Fisheries Mechanism (CRFM) are collaborating to implement the fisheries component of the project.

Source: The Daily Herald

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