Latest News

Caricom reiterates support for WTO

Monday, November 19, 2018

Print this page Email A Friend!


GEORGETOWN, Guyana (CMC) — The Caribbean Community (Caricom) grouping has reiterated its support for the World Trade Organisation (WTO) amid growing concerns to the multilateral trading system.

The Guyana-based Caricom Secretariat on Monday said the region's trade and economic affairs ministers at their meeting here last week “re-iterated the Caribbean Community's support for the rules-based, multilateral trading system embodied in the WTO”.

It said the ministers, who met during the 47th meeting of the Council for Trade and Economic Development (COTED), viewed with great concern the growing threats to the multilateral trading system.

“In particular, they noted that the issue of WTO reform was being discussed in various quarters and that there were a number of proposals on the table which have largely been advanced by developed countries.

“In light of the importance of the issues to the WTO as a whole and to the global multi-lateral trading system, they called for inclusive, transparent discussions involving all WTO members,” the statement said.

It added that the ministers “emphasised the need to include small developing countries in these discussions to ensure their interests are secured and to preserve and strengthen the long-established principles, including Technical Assistance and Capacity Building (TACB), Special and Differential Treatment and the recognition of the concept of Small and Vulnerable Economies. “They stressed that these are all linked to the sustainable development and successful integration of Caricom member states into the global economy.”

The highlight of the meeting here were the discussions on the Caricom Single Market and Economy (CSME) ahead of the special Caricom summit to be held in Trinidad early next month. The CSME allows for the free movement of goods, services, labour and skills among the 15-member regional grouping.

ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT