CARICOM representatives say there is need to urgently address business constraints like that of more direct transportation links.
A meeting of representatives of the Latin American and Caribbean Economic System was held recently at the CARICOM Secretariat in Georgetown, Guyana, with the aim of addressing the importance of trade, investment and cooperation between Mexico and Caribbean countries.
At the meeting, representatives analyzed the network of cooperation, economic and trade agreements in the region covering Mexico, Central America and the Caribbean, and discussed possibilities for coordination, convergence and the mechanisms to promote and diversify economic and trade relations.
Addressing the opening ceremony, Guyana’s Minister of Business, the Hon. Dominic Gaskin pointed out that increased cooperation with Mexico could increase trade diversification among other partners and create opportunities for businesses.
Assistant Secretary General of Trade and Economic Integration at CARICOM, Mr. Joseph Cox,
referred to the creation of opportunities for the private sector.
He pointed out that if greater strides were to be made, issues to be addressed had to include a more informed private sector across the region. He explained that there was also need to urgently address the biggest constraint in doing business with each other –that of more direct transportation links. Language differences between countries, he added, should be embraced rather than treated as a constraint.
