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Caribbean Seeks to Deepen Ties with Regional Trade Partners

By Federico Mazzella ,
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Regional organizations called a meeting to evaluate and expand economic and cooperation relations.

On June 15 and 16, 2016, the regional meeting to evaluate economic and cooperation relations between Central America, the Caribbean, and Mexico took place at the headquarters for the Secretariat of the Caribbean Community (CARICOM) in Georgetown, Guyana. The meeting analyzed the trade, investment, and cooperation agreements currently in force between the regions in question, and evaluated potential partnerships that could be created to drive economic integration processes, taking into consideration the two blocs that group the countries in question: the Central American Integration System (SICA) and CARICOM.

The Permanent Secretariat of the Latin American and Caribbean Economic System (SELA), which focuses on the agreements and partnerships that have potential in these regions, given their geographic proximity and growing market for goods and services, presented three documents to the experts and public policy officials who attended the event: “An Analysis of Trade Flows between the CARICOM and Latin America. Policy Recommendations for its Promotion, Stabilization, and Diversification”, “An Analysis of Trade Flows between SICA and the Rest of Latin America and the Caribbean. Policy Recommendations for its Promotion, Stabilization, and Diversification (link in Spanish)”, and “Assessment of the Economic and Cooperation Relations between Central America, the Caribbean and Mexico (link in Spanish).

Finally, the parties committed to monitoring the matter and including it as a priority in their agendas.

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