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EDITO
Wednesday, 20 September 2017

Minister of Finance Chris Sinckler says there’s no need for Barbadians to panic over the United Kingdom’s decision to exit the European Union (EU). “We ought not to run around like headless chickens snatching, sneering or grabbing at every other type of negative potential fallout from the exit of the UK from the European Union,” said Sinckler, who also emphasized that “before there was the European Union there was a Great Britain”. Addressing the opening of the Domestic Financial Institutions conference at the Lloyd Erskine Sandiford Centre, he pointed out that “Britain is one of, if not our greatest partner internationally.

Kenyan company Roypack exports passion fruit to the United Kingdom, this accounts for 30% of its produce, while the other 70% is sold to other exporters. The exporter is now looking to the Netherlands and Belgium as a new market for passion fruit. The Netherlands, Belgium, UK, France and UAE top the list of countries where Kenyan passion fruits are exported to. “Currently we only export the Endulis variety to the UK, which is in high demand, but we are looking into newer markets and at bigger volumes. My future expectations for passion fruit is to ship 4 to 5 tons compared to the current 500kgs. I also expect to have a year round market,” explains Wilberforce Ngigi of Roypack Enterprises.

This study describes the situation of employment linked to the fourteen existing Fisheries Partnership Agreements, which the EU has entered into with third countries. It estimates the numbers of persons employed in both the EU and third country partners and where possible attributes numbers of posts to regions and specific Agreements. The study concludes that the EU’s policy of supporting fisheries access to third country waters via the Fisheries Partnership Agreements has had a positive impact on employment in fisheries dependent areas of the European Union and partner countries.

The European External Investment Plan (EEIP) is an innovative approach to boost investments in Africa and EU Neighbourhood countries. These investments shall contribute to creating sustainable growth and inclusive jobs, particularly in socio-economic sectors such as sustainable energy or social infrastructure and support micro, small and medium-sized enterprises. The EEIP consists of three complementary pillars: The first provides improved access to finance. At its heart lies a new European Fund for Sustainable Development (EFSD) which combines existing investment facilities with a new guarantee.

The European Union on Thursday proposed that its member states to consider approval of a political and cooperation accord with Cuba aimed at normalizing relations with the Caribbean nation. In presenting the document, the high representative of the European Union for foreign affairs and security policy Federica Mogherini said that the accord is the result of fruitful and constructive joint work between Cuba and the European Union and is a cornerstone of bilateral links. The accord for a political dialogue and cooperation with Cuba will be considered by the European Council, made up of all 28 heads of state or government of EU member nations before its signing over the next few months.