By MyVueNews Staff-writer
Basseterre, St. Kitts, 19th January, 2018 (MyVueNews.com) – With the United Kingdom firmly in the BREXIT process with the European Union, senior trade officials of CARIFORUM are in St. Kitts attempting to devise a negotiation strategy for new trade agreements with the UK and the EU.
Currently CARIFORUM countries, CARICOM countries plus the Dominican Republic, have in force a trade agreement with the European Union, but the withdrawal of the United Kingdom will impact negatively on that agreement on trade in goods and services called the Economic Partnership Agreement.
UK-Caribbean trade relations have, for decades, been governed by the EU-CARIFORUM Agreement and policies.
Ministry of Trade Permanent Secretary Jasemin Warner-Weekes said at the meeting, “BREXIT presents challenges of ensuring trade continuity for CARIFORUM, but also opportunities to redefine and reshape future trade and investment relations.”
The officials will examine several emerging trade issues facing CARIFORUM as a consequence of BREXIT.