Mexico and Caricom agree to increase trade

Santiago Meza

Monday, Oct. 12

MEXICO CITY, Mexico - At the Mexico-Caricom Business Forum held Oct. 1, the Mexican government and the 15 member-states of the Caribbean Community (Caricom) explored business opportunities and ways to realize the potential of trade and investment between the two parties in the areas of agriculture, telecommunications, fishing, tourism and equipment for the oil industry. Mexico also proposed joint measures for fighting drug trafficking and organized crime in the region.

The event, hosted by the Mexican Business Council for Foreign Trade, Investment and Technology (Comce), took place in Mexico City, reported El Financiero, and featured regional businessmen and officials, including Mexican Foreign Minister Patricia Espinosa and Caricom Secretary-General Edwin Carrington.

Speaking to EFE, Espinosa said, "sharing our prosperity is essential for preserving peace and stability in the region, which is why Mexico wants to strengthen its presence in the Caribbean." Carrington declared that the meeting would be used to conclude outstanding agreements, particularly customs tax policies.

Espinosa also said the region should improve bilateral cooperation on drug trafficking and organized crime, and work toward strengthening ties in education, technology, science and environmental protection in order to guarantee sustainable economic growth.

"It is especially important for us to exchange information and experience on good practices and to join forces to avoid issues, such as rising crime and violence, from threatening the social and economic development of our nations," Espinosa stated to Notimex.

Furthermore, reported La Crónica de Hoy, Espinosa urged the 15 Caribbean nations to draft a "concrete" agenda bringing together all their common issues ahead of the 2010 Rio Group Summit in Mexico. At the summit, to be held in February, the Mexican government will promote ongoing relations with Caricom.

Trade between Mexico and the Caribbean amounted to US$1.5 billion in 2008. Caricom was created by the Treaty of Chaguaramas in 1973 with the aim of strengthening regional ties and establishing a common market. The member states are: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, and Trinidad and Tobago.

http://infosurhoy.com

 

<< back to Company News