London Daily

Focus on the big picture.
Monday, Jun 22, 2026

Elizabeth Morgan | CARICOM heads: Addressing trade and economic issues

Elizabeth Morgan | CARICOM heads: Addressing trade and economic issues

CARICOM Heads of Government will be concluding their Intersessional Meeting in Barbados today. This meeting is chaired by Prime Minister Mia Mottley, who has responsibility for the CARICOM Single Market and Economy (CSME) in the quasi-Cabinet.

Articles leading up to this meeting give the impression that the heads will primarily focus on political foreign policy issues in their relations with the USA, Canada, Britain, China, including candidates for positions at the Organization of American States (OAS), the United Nations Security Council, and the Commonwealth.

The Africa relationship is also linked to candidatures, as Kenya, like Canada, is seeking a seat on the Security Council. Votes have value. Regrettably, Prime Minister Justin Trudeau had to cancel his visit.

The heads will indeed be addressing economic issues, including tax-haven blacklisting and de-risking by correspondent banks.

Referring to my article on January 9 about the CARICOM 2020 foreign trade-policy agenda, the heads, in addition, should be addressing important trade-policy issues. After all, improving trade and investment should be a high priority.

They should be discussing trade with the USA; extension of the Caribbean Trade Partnership Act (CBPTA), which expires in September; the ACP/EU post-Cotonou negotiations as the lead negotiators met on Friday, February 14; the future of trade with Britain, including its relationship with the African, Caribbean and Pacific (ACP) group and the Commonwealth; trade with the European Union (EU), including the review of the Economic Partnership Agreement (EPA); and the situation at the World Trade Organization (WTO).

I read in a CARICOM Today report that the Prime Ministerial Subcommittee on External Trade Negotiations, chaired by Jamaica’s Prime Minister, Andrew Holness, will be presenting its report. This would indicate that the subcommittee had a rare meeting and considered these trade policy issues.

In my opinion, this subcommittee would benefit from a name change. It should be called the Subcommittee on External Trade Relations. I believe that CARICOM heads ought to be addressing these trade-policy issues on a regular basis, even if only receiving a status report for discussion. They should be considering an external trade strategy for the region.


TRADE AND ECONOMIC CHALLENGES

The critical trade and economic integration issue, which the heads will be considering, is the CARICOM Single Market and Economy (CSME). At their 40th Meeting in July 2019, the heads expressed concern about the slow pace and low level of implementation, and noted that some member states did not display a sense of urgency, though recognising capacity constraints.

At this meeting, related to CSME, heads also received an interim report from the re-established Commission on the Economy, chaired by Professor Avinash Persaud, special envoy to PM Mottley on investment and financial services.

This commission, first established in 2013, is to recommend measures for achieving sustainable development. Prime Minister Mottley, demonstrating her commitment to CSME progress, held several meetings/consultations, including a town hall session in November 2019.

At this Intersessional Meeting, the heads will receive a further update on CSME implementation. I am not optimistic that much more progress has been made. I still see no evidence that the CARICOM Private Sector Organisation is operational.

I also did not find that the advisory opinion requested by the CARICOM Secretariat from the Caribbean Court of Justice (CCJ) has been delivered. This advisory opinion has implications for CSME implementation. In October 2019, when the court held hearings, it was reported that the opinion would be provided within a reasonable period of time.

The Commission on the Economy should now be unveiling its report and recommendations.

The heads also ought to be considering the implications for the region of having members with significant oil deposits, Guyana, Suriname and Grenada.

St Lucia’s Prime Minister, Allen Chastanet, in his statement when demitting office as CARICOM chair in December 2019, declared that the region’s future was bright. PM Mottley, on assuming the CARICOM chair in January, thinking of Caribbean resilience, urged the region to continue dreaming, while being determined to deliver.

In spite of this optimism, if, collectively, the region still cannot effectively address its trade and economic challenges to realise its potential, the future may not be as bright, even with oil deposits.

Newsletter

Related Articles

0:00
0:00
Close
UK Expands Alcohol Ban Enforcement Using Tagging Technology Ahead of World Cup
UK Invests £50 Million in Critical Minerals Supply Chain Security
UK Appoints Special Envoy on Preventing Sexual Violence in Conflict
UK Introduces Fines for Landlords of Unsafe Rental Properties
Reform UK Leads Opinion Polls as Immigration Debate Reshapes UK Politics
Police Investigate Edinburgh Attacks as Potential Hate Crimes
King Charles to Publish Personal Tax and Royal Household Financial Records
Nottingham University Hospitals Maternity Inquiry Report Set for Publication
Heat-Health Alerts Issued Across London and Southern England Amid Rising Temperatures
UK Economy Shows Pressure From Middle East Conflict Despite Modest Growth
Brexit Anniversary Reignites Debate Over UK Economic and Political Direction
UK Parliament Continues Legislative Work Amid Leadership Transition
Financial Markets Hold Steady After UK Leadership Shake-Up
Andy Burnham Enters Labour Leadership Race With Strong Parliamentary Backing
Keir Starmer Resigns as UK Prime Minister After Two Years in Office
Reform UK MP Lee Anderson to Raise Pension Concerns Over British Coal Staff Superannuation Scheme
UK Parliament to Debate Newborn Screening for Spinal Muscular Atrophy Following Public Petition
Met Office Warns of Water Safety Risks During Heatwave as Temperatures Peak in England
Treasury Increases Mileage Allowance Payments for 2026–27 Tax Year to 55 Pence Per Mile
UK Government Raises Electricity Generator Levy to 55 Percent in New Revenue Measure
House of Lords Moves Financial Services and Markets Bill to Committee Stage Amid Regulatory Scrutiny
Westminster Hall to Debate Petition on Pro-Israel Influence in UK Politics
UK Parliament Prepares for Estimates Days Debates as Backbench Business Schedule Approved
Armed Forces Bill Nears Final Stages in UK House of Commons With Military Justice Reforms
Donald Trump Comments on UK Political Situation, Citing Immigration and Energy Policy Concerns
Andy Burnham By-Election Victory Fuels Speculation Over Potential Labour Leadership Contest
UK Economy Shows Resilience but Faces Headwinds from Middle East Tensions, UK Finance Says
UK Parliament Opens Week of Debates on Net Zero, Security and Armed Forces Reform
Met Office Issues Amber Extreme Heat Warning as Temperatures Expected to Reach 35C Across England and Wales
Prime Minister Keir Starmer Faces Mounting Leadership Pressure After Makerfield By-Election Defeat
London Hotel Wins World’s Best Afternoon Tea Award at International Hospitality Guide La Liste
Court of Appeal Rules in Favour of Competition and Markets Authority in Phenytoin Drug Case
Chichester Waste Site Suspended After Environment Agency Finds Serious Fire and Pollution Risks
UK Appoints Chris Elmore as Special Envoy on Preventing Sexual Violence in Conflict
Environment Agency Fines Yorkshire Firms Nearly £470,000 for Environmental Permit Breaches
British Chambers of Commerce Says Post-Brexit Trade Deals Have Limited Economic Impact
Resident Doctors to Vote on Government Pay Offer in Ongoing NHS Dispute
UK Public Borrowing Reaches £46.3 Billion in Early Fiscal Year, Driven by Debt Interest Costs
UK Government Unveils £100 Million Package to Strengthen Fire and Rescue Response Capacity
Bank of England Holds Interest Rates at 3.75 Percent Despite Easing Inflation
Met Office Extends Amber Heat Warning as Temperatures Forecast to Reach 38C Across Southern England
Prime Minister Keir Starmer Expected to Resign Amid Mounting Labour Party Pressure
UK Government Tightens Procurement Rules to Prioritise National Security and Supply Chain Resilience
National Drought Group Reviews Water Supply Risks After Dry Spring and Ongoing Heatwave
Andy Burnham Faces Leadership Speculation After Weak Local Election Results for Labour
Charity Commission Appoints Interim Managers to Barnabas Aid Amid Financial Investigation
Government Awards £27 Million Leonardo UK Contract to Maintain Military Aircraft Fleet
Environment Agency Suspends Chichester Waste Site Permit Over Fire and Pollution Risks
Border Force Seizes Record Cannabis Shipment in Major UK Criminal Network Disruption
Lloyds Banking Group to Hire 300 Artificial Intelligence Specialists in Digital Expansion Push
×