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Wednesday, 09 November 2016

Caribbean: Still trade hope with EU

Challenges exist but there are also opportunities for Barbados and other countries in the region to enhance relations with the European Union. That’s the finding of a new publication released by the Economic Commission for Latin America and the Caribbean and the EU Latin America and the Caribbean Foundation. It said both the region and Europe were a “complex international scenario”. It was a situation “characterised by a distinct recessionary bias, a rise in global inequality and the intensification of the environmental crisis, the acceleration of the technological revolution, the emergence of new actors in the international economic system, and the negotiation of mega-agreements”. The publication gave an overview of the economic, social and environmental realities of both blocs, placing emphasis on the need to move towards a more sustainable and egalitarian development pattern, as well as towards an investment model that favours innovation and structural change and allows for economic growth and carbon emissions to be decoupled.

Source: nationnews.com