You Are Here: Home » Business » Aid For Trade Launches in Haiti – 12th Jun 2013

Aid For Trade Launches in Haiti – 12th Jun 2013

shot0005Caricom Countries are expected to design projects in the Maritime Transport and the Information Technology sector in order to benefit from an Aid for Trade strategy. The Caricom Regional Aid For Trade strategy was launched in Haiti and is being promoted in the International community by the Director General of the World trade Organistaion Pascal Lamy and  other friends of the Region.

In a statement Secretary General of Caricom Ambassador Irwin La Roque said that when the idea was first conceived they enlisted the help of the IDB as well as the Commonwealth Secretariat. He said given the dynamism, intense competitiveness and deep difficulties of the global economy, Caricom states must seek all possible avenues to give them a chance at competing in the international marketplace. Trade expansion he noted has a critical role to play in achieving a viable, prosperous and above all sustainable, path to development. La Roque noted that market access must be converted to market presence if CARICOM Member States are to compete equitably in the global market. Resources made available under Aid for Trade would help in this regard. The Secretary General said if the strategy is to realise its goals there must be substantial  resources available  for upgrades in  key economic infrastructure, enhancing export competitiveness, diversifying economies, retooling the private sector, strengthening regional integration and creating financial and other instruments for encouraging and supporting innovation and research and development.

Additionally reliable and less costly energy is one of the other important areas critical to the strategy meeting its goals of providing concrete benefits for the people of the Caribbean Region. The Sec General also said that increased Private sector capacity is a must and the International Community must take into account the realities of the Region’s peculiarities.

He also noted that given the goals of the strategy which is for the benefit of the people it is commendable that the people played a part in its crafting and implementation which he said are just as important as the support it is getting from its partners.

Leave a Comment

© 2016 Capitol News Guyana

Scroll to top