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UK boosts Caribbean trade and integration through £10mn trust fund

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Wednesday, 19 October 2011

UK boosts Caribbean trade and integration through £10mn trust fund

In this difficult economic climate, the UK has given tangible expression of its continued commitment to supporting Caribbean trade and integration, through the £10mn Caribbean Aid for Trade and Regional Integration Trust Fund (CARTFund) at CDB.

This was among the messages shared at a high-level press briefing highlighting work on the CARTFund held at CDB on October 12, including the CDB President, Dr. Warren Smith and the UK’s Minister of State for International Development Alan Duncan, as well as Percival Marie and Pamela Coke-Hamilton representing the CARICOM Secretariat and the Caribbean Export Development Agency respectively.

The CARTFund was established with £10 million of funding from the UK’s Department for International Development (DFID). The Fund is managed by CDB and overseen by a Steering Committee comprising representatives from DFID, CARICOM and CARIFORUM. CARTFund supports the implementation of the CSME and the Economic Partnership Agreement (EPA) between CARIFORUM and the EU, with the aim of increasing trade within the region and with Europe, and ultimately providing more jobs and increased incomes for Caribbean people.

Source: Caribbeanpressreleases.com