GEORGETOWN, Guyana, Jun 10, CMC – Trade and economic development ministers from the 15-member Caribbean Community (CARICOM) began a two day meeting here on Tuesday against the background of many trade-related challenges facing the region, and in a geo-political environment which is changing very rapidly.
CARICOM Secretary General, Dr. Carla Barnett, addressing the 60th meeting of the Council of Trade and Economic Development (COTED), said that the recent tariff shocks are a stark reminder of the need to diversify the region’s trade and economic relations.
“We must redouble our efforts to deepen existing, and explore new markets and develop new partnerships, if the region is to advance its goals of economic growth and sustainable development,” she said.
United States President Donald Trump has implemented a series of trade tariffs on countries worldwide, including the Caribbean, in a move economists and other traders say is designed to dismantle much of the architecture of the global economy and trigger broader trade wars.
(Details in Business section)
CMC/2025