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CARICOM Urged To Expand US-Caribbean Trade Relations

CARICOM needs to engage the U.S. to expand trade on services,  and seek timely resolution of Rum issue Ft. Lauderdale – Member states of the Caribbean Community (CARICOM) need to collectively engage the United States in discussions designed to expand the trade in services from the Caribbean region as well as seek to have the problem of Caribbean rum exports to the U.S. resolved soon. These were among the recommendations put forward by the Chairman of the Board of Directors of the Guyanese American Chamber of Commerce (GACC), Oscar Spencer when he addressed participants at the 2nd annual Florida Conference on Current Caribbean Issues: The Diaspora Discussion, held earlier this week as part of the Florida International Trade Conference and Expo (FITCE 2016) in Fort Lauderdale, Florida. Spencer, a retired senior executive of the Inter-American Development Bank (IDB) noted that although the CBI was envisioned as a program to encourage and facilitate the economic development and export diversification of Caribbean Basin economies, the U.S has, and continues to benefit significantly from the program. From as early as 1985, for example, two years after the initiation of the program, the U.S has maintained an overall trade surplus with the CARICOM region. This

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