High hopes for stronger Caribbean/Africa business ties

Even as representatives of state and private sector agencies in the Caribbean and Africa were assembling in Barbados last week to seek to create a ‘road map’ for the cementing of closer business ties between the two regions, the International Trade Centre (ITC), a joint agency of the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD), was launching a new report that says that there exists US$1 billion in export potential between the Caribbean and Africa.
 The gathering in Barbados would almost certainly have been enthused by the news that the ITC and the African Export-Import Bank (Afreximbank) had extended their already existing five-year partnership which seeks, among other things, to help tackle the challenge of trade barriers and build business capacity in both Africa and the Caribbean.

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