Last Updated on Monday, 8 December 2014, 21:08 by GxMedia
The 15-nation Caribbean Community (Caricom) is proposing the building of a transportation system with Cuba to maximize trade across the region.
The idea was placed on the table of the one-day summit of Cuban President Raoul Castro and his Caricom counterparts.
The two sides are examining, among other issues how to make the 14-year old Caricom-Cuba Trade agreement more effective.
Addressing the opening of the summit Monday morning in Havana, Caricom Chairman- Antigua and Barbuda’s Prime Minister, Gaston Brown floated the idea of jointly developing a transportation system. Transportation has long been a major humbug to regional trade.
Mr. Brown also hopes that an effective transportation system will not only result in increased movement of goods but also tourists.
YOU CAN DOWNLOAD OR LISTEN TO THE MONDAY, DECEMBER 8 EDITION OF CARIBBEAN NEWS DESK HERE: {mp3remote}https://dl.dropboxusercontent.com/u/143143643/caribnewsdesk/caribnews_dec_9_2014.MP3{/mp3remote}
Meanwhile, Agencia EFE (Spanish News Agency) reports that Cuban President Raul Castro on Monday called for revising and updating the trade and cooperation agreement between his country and the Caribbean Community to scrap tariffs on 300 products.
“Small and vulnerable” countries need to receive “special treatment on trade access and investments,” he said in an address inaugurating the 5th CARICOM-Cuba Summit in Havana.
Cuba also joins other Caribbean nations in demanding the removal of the affected countries from “unilateral lists that hinder economic development and trade with other countries,” he told heads of state and other senior officials from Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago.
While Communist Cuba has been under a U.S. economic embargo since 1962 and is on Washington’s list of nations that sponsor terrorism, several other Caribbean countries have been stigmatized for inadequate financial regulation, among other things.
Regarding the current state of economic integration within CARICOM, Castro said that fostering cross-border investment among Caribbean countries “continues to be an outstanding issue.”
He also pointed to difficulties in transporting goods inside the region.
The Cuban leader urged Caribbean nations to come together in the face of “shared challenges” such as climate change, health and education, as well as to focus on the “post-2015 development agenda.”
“As small insular states and developing nations we face the challenge of surviving and moving forward in a world convulsed by a global economic crisis,” Castro said during the summit opening at the Palace of the Revolution.
The Cuban president said his country will continue to share its “modest achievements” in education and health as well as other areas like human resources training, disaster management and the fight against Ebola.
CARICOM was founded in 1973 and the regional grouping’s first summit with Cuba was held in 2002.
The meeting takes places every three years.
IN TODAY’S PROGRAMME:
Dominicans vote in general elections
Alliance For Change will welcome A Partnership for National Unity in a broad-based pro-democracy alliance
Caricom wants to join Cuba in building a regional transportation network
Trinidad and Tobago hires plane to take back several illegal immigrants to Africa
The international price of oil is dropping but Antiguans still paying high prices at the pump.
Britain’s Prince William meets US President, Barack Obama
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