CARICOM and Canada for trade accord
Canada: Representatives of the Caribbean Community (CARICOM) and
Canada are working for a new commercial agreement to foster development
and the exchange of goods and services.
The new agreement aims to increase free access of agricultural
products to the Canadian market and expand direct investment, electronic
trade and technical coopperation.
Also, it should foster sustainable growth of the economies of the 15
member countries of CARICOM.
The agreement will replace the current bilateral agreement in force
until 2011, which permits entry of Caribbean products to Canada without
taxes only for members of the Commonwealth Nations.
By this agreement, the Caribbean countries will take to Canada gold,
aluminium, methanol, oil, drinks, fruits and vegatables.
Official statistics said the export operations went over 700 million
dollars in the last decade with more than 60 million in favour of
Canada is the third commercial partner of CARICOM, with the biggest
number of tourists to the Caribbean islands.