London Daily

Focus on the big picture.
Thursday, Sep 11, 2025

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
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
Starmer Establishes Economic ‘Budget Board’ to Centralise Policy and Rebuild Business Trust
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Trinidad Leader Applauds U.S. Naval Strike and Advocates Forceful Action Against Traffickers
Kim Jong Un Oversees Final Test of New High-Thrust Solid-Fuel Rocket Engine
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Supreme Court temporarily allows Trump to pause billions in foreign aid
Charlie Sheen says his father, Martin Sheen, turned him in to the police: 'The greatest betrayal possible'
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
Pig Heads Left Outside Multiple Paris Mosques in Outrage-Inducing Acts
Nvidia’s ‘Wow’ Factor Is Fading. The AI chip giant used to beat Wall Street expectations for earnings by a substantial margin. That trajectory is coming down to earth.
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
On the Anniversary of Queen Elizabeth’s Death: Prince Harry Returns to Britain
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Murdoch Family Finalises $3.3 Billion Succession Pact, Ensuring Eldest Son’s Leadership
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Court Staff Cover Up Banksy Image of Judge Beating a Protester
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Elon Musk Poised to Become First Trillionaire Under Ambitious Tesla Pay Plan
France, at an Impasse, Heads Toward Another Government Collapse
Burning the Minister’s House Helped Protesters to Win Justice: Prabowo Fires Finance Minister in Wake of Indonesia Protests
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
The Country That Got Too Rich? Public Spending Dominates Norway Election
Nearly 40 Years Later: Nike Changes the Legendary Slogan Just Do It
Generations Born After 1939 Unlikely to Reach Age One Hundred, New Study Finds
End to a four-year manhunt in New Zealand: the father who abducted his children to the forests was killed, the three siblings were found
Germany Suspends Debt Rules, Funnels €500 Billion Toward Military and Proxy War Strategy
EU Prepares for War
BMW Eyes Growth in China with New All‑Electric Neue Klasse Lineup
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
US Justice Department Launches Criminal Mortgage-Fraud Probe into Federal Reserve Governor Lisa Cook
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
US and Taiwanese Defence Officials Held Secret Talks in Alaska
Report: Secret SEAL Team 6 Mission in North Korea Ordered by Trump in 2019 Ended in Failure
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Florida Murder Case: The Adelson Family, the Killing of Dan Markel, and the Trial of Donna Adelson
×