Portofino Resort- Now with a new BEACH BAR!!
Topic Options
#434436 - 03/30/12 10:24 AM Caribbean Single Market and Economy
Marty Offline

EU Representative Robert Kopechy and CARICOM SG Irwin LaRocque sign the agreements

CARIFORUM and EU Sign $110M in Agreements; Allocations for Belize, Haiti

The Caribbean Forum of African, Caribbean and Pacific States (CARIFORUM) and the European Union signed three financial agreements aimed at boosting the region’s integration efforts.

The three agreements have a total value of $110 million, which will support integration and trade in the OECS, the further development of the CARICOM single market, with special allocations for Belize and Haiti, and CARIFORUM’s commitments under its joint EU partnership agreement.

The OECS portion will strengthen the organization’s capacity to integrate into wider CARICOM arrangments.

The CARICOM single-market agreement will place emphasis on developing government procurement, labour market information systems and e-commerce.

Funds have been set aside to support Belize and Haiti to be better positioned to take advantage of the single market.

“Impact, results and benefits must be the watchwords at the level of implementation,” said CARICOM Secretary General Irwin LaRocque. “We must satisfy regional stakeholders that our actions bring them added value to their lives. That is the bottom line.”

Robert Kopechy, EU representative to CARICOM, called the funds a “testimony to the EU’s continued commitments to support the Caribbean region in the dynamic process of regional integration and signal another milestone in the longstanding relation between the Caribbean Forum of ACP States and the European Union.”


#434437 - 03/30/12 10:25 AM Re: Caribbean Single Market and Economy [Re: Marty]
Marty Offline
CARIFORUM and the European Commission signed on 28 March a series of financial agreements aimed at assisting the development of a single market among CARIFORUM member states. CARIFORUM is the grouping of Caribbean states whose member countries are parties to an Economic Partnership Agreement (EPA) with the European Union signed in late 2008. That agreement provides a market opening in both directions, and also for development aid for the CARIFORUM countries from the EU. So far, much of that aid has been specifically focused on helping regional countries develop the integrated Caribbean market which should boost their economic competitiveness globally.

The 28 March agreement is worth EUR82.6million. A key element is a focus on boosting integration in the nine-member Organisation of Eastern Caribbean States (OECS) sub-region, especially the OECS Economic Union. That union has already shown stronger movement towards economic integration than other parts of CARIFORUM, for example through the use of a common currency--the Eastern Caribbean Dollar. According to an official statement issued on 29 March by the CARICOM Secretariat, which handled the negotiations for CARIFORUM, EUR8.6million will go towards boosting harmonised agriculture and tourism policies in the OECS; EUR28million will be focused on several aspects of the Caribbean Single Market and Economy (CSME), especially on Belize and Haiti; and EUR46.5million will go towards implementation commitments on areas including fiscal reform, sanitary and phyto-sanitary measures, technical barriers to trade, and rum. Robert Kopechy, head of the EU delegation, said that the funds were "testimony of the EU's continuing commitments to support the Caribbean region in the dynamic process of regional integration".

Significance: This is one more step towards fulfilling the conditions of the EU-CARIFORUM EPA. It indicates continuing political will in the EU to economically support the region as it seeks to build its capacity and compete in European markets. That is crucial to the region, as its preferential trade access to the EU gradually runs out under WTO conditionalities. The focus on the OECS portion of CARIFORUM certainly highlights specific challenges in the Eastern Caribbean, but also underlines that the OECS, given the steps it has already taken, is likely to be viewed by EU officials as the most likely 'core' of the pan-Caribbean integration project.


Click for excellent scuba lessons with Elbert Greer!

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
Caye Caulker

TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lil’ Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Mini Chat

Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31
Who's Online
1 registered (1 invisible), 40 Guests and 7 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
18,638 Registered Members
44 Forums
63,734 Topics
461,300 Posts

Most users ever online: 1,262 @ 06/10/07 02:16 PM

AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com SanPedroDaily.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.