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Caricom workshop urges Caribbean businesses to pay attention to partnership benefits – Nov 14th 2012

Caribbean Business leaders are being encouraged to pay closer attention to the benefits of the Economic Partnership Agreement that the region signed onto 4 years ago, and find ways of how they could better break into the European markets.  Earlier this week, Caricom, along with Caribbean Export, hosted a journalists workshop in Grenada to get that message through to the rest of the region.

Although some countries and companies have been reaping the benefits of the Cariforum-EU Economic Partnership Agreement, there is the view that many more may be missing the opportunities available.

Trade in Services and Investment Specialist, Allyson Francis, at the Grenada Forum said, one of the big problems facing Caricom and Regional organizations which push the EPA, is an information gap.

A number of Caribbean companies have seen increases in their export to the European market since the EPA came into being, back in 2008. But in Guyana’s case, much of the talk about the EPA has centered on the sugar industry. The agreement stretches way beyond that and offers the opportunity to several other industries to tap into new and more lucrative markets.

A number of regional bodies like Caribbean Export and even the European Commission in the region have been offering assistance to companies as part of their plan to get the private sector playing a greater role.

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