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Can CARIFORUM-UK Trading Relations Survive the Clouds of Uncertainty Hanging over UK-EU Relations?

Introduction

After almost two years of intense negotiations, a deal between the European Union (EU) and the United Kingdom (UK) giving effect to the will of 17.4 million Britons (51.9% of the vote) to leave the EU remains elusive. Many hoped that the cloud of un.....

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Two Sugars, Please!

King Sugar has been the legacy of the Caribbean since its introduction to the region over 300 years ago. In particular, the rich brown crystals extracted from stalks of luscious cane fields, have served to shape our economies and impact the cultural and social landscapes of most islands across the Region. From being a major foreig.....

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Will current WTO rule-making reform proposals benefit Caribbean Small States?

The rules-based multilateral trading system (MTS), institutionalized by the World Trade Organization (WTO), is confronting an existential threat. Questions about the fairness and efficacy of the WTO, the guardian of the MTS, have plagued it since its inception in 1995, but the calls for reform have reached fever pitch over the past .....

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A Regional Trade Agenda for CARICOM

The key characteristics of Caribbean trade challenges have been well documented. The region’s economies are open (i.e. external trade as a share of GDP is high) thereby exposing countries’ vulnerability to swings in performance of the global economy. Caribbean economies exude limited export diversification (in both market destin.....

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Reducing the Region’s Food Import Bill by sector and by country: Who says you can’t “spot reduce”?

With a current Food Import Bill (FIB) in excess of US$4 billion, and projected to increase to $8 billion - $10 billion by 2020, CARICOM must act to curb spending of limited resources on food imports. A high FIB for CARICOM means that not only is scarce foreign exchange diverted away from crucial areas such as education and health ser.....

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Barbados’ Repeal of its Fiscal Incentives Act: Necessary Evil or Impermissible Imposition?

Amidst much debate, the Barbados Parliament recently voted to repeal the island’s Fiscal Incentives Act (Cap 71A) (FIA) with effect from 2 January, 2019. The ostensible reason was to bring Barbados into conformity with its obligations under the World Trade Organization (WTO), and in particular, the Agreement on Subsidies and Coun.....

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