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Monday, 08 May 2017

Caribbean States Look to Increase Trade

Operationalizing the Organization of Eastern Caribbean States (OECS) Customs Union, which will result in the removal of barriers to free trade in the region, is being strengthened through a series of regional capacity building consultations being undertaken by the OECS Commission. RELATED: Saint Lucia Stays 'True to Our Friends,' Supports Dialogue in Venezuela These sessions will provide a clearer understanding of the new era in domestic, regional and international trade for the seven OECS Protocol Member States, which would include the removal of import formalities on goods traded within the Customs Union and the harmonization of border and regulatory procedures with respect to goods imported from countries outside of the region. To date, the Commission has held consultations in St. Vincent and the Grenadines, Dominica, Montserrat and St. Kitts and Nevis on the work undertaken to establish the Customs Union and Free Circulation of Goods. These are the next steps toward advancing the implementation process and augmenting the role of the OECS Commissioners and National Working Groups in facilitating the operations of these regimes at the national level. During the consultations in Dominica and Saint Vincent and the Grenadines, officials from the OECS Trade Policy Unit, with support from the Hub and Spokes II Project, convened briefing sessions with the Member State's respective Commissioner. This was in addition to consultative sessions with the Ministry of Finance, Customs, and Inland Revenue Departments; Chambers of Commerce and other national private sector bodies; Agriculture, Standards, Health and Food Safety officials; as well as National Working Groups on Free Circulation of Goods and procedural requirements for operationalising the Customs Union. Press Briefings were also held in Dominica and Montserrat to inform the public, and a special session of Cabinet Ministers was convened in Montserrat to foster greater input and participation from their respective ministries.

Source: Telesurtv