Scaling trade prospects in caricom

Carla Barnett, the Secretary General of the Caribbean Community, highlighted the importance of tapping into the agriculture and transportation markets in Africa and the Caribbean to bridge the trade and investment gap between the two regions. In a recent interview on CNBC Africa, Barnett emphasized the need for building strong relationships and partnerships to achieve shared prosperity. Barnett stressed the significance of developing food and nutrition security in the Caricom region, pointing out the ample investment opportunities in agriculture. She mentioned the potential for both self-sufficiency and export within the Caribbean market. Additionally, Barnett highlighted the importance of improving transportation links within the region, calling for private sector investment to address existing challenges. Finance was identified as a critical component in driving investment and trade opportunities. Barnett discussed leveraging the Caricom Development Fund and exploring innovative financing options. The fund's involvement in Afrixim Bank was mentioned as a means to access financing for regional projects and initiatives. Infrastructure development emerged as a key focus area for both Caricom and Africa. Barnett underscored the significant need for infrastructure investments in road infrastructure, as well as social infrastructure like hospitals and schools. Governments within the Caricom community expressed their commitment to creating a conducive environment for such investments, emphasizing the importance of partnerships and collaboration. In conclusion, Barnett emphasized the essence of viewing trade and investment as a partnership between regions, highlighting the mutual benefits of working together towards a common goal. By promoting agriculture, improving transportation, leveraging financial resources, and investing in infrastructure, Caricom and Africa can strengthen their trade prospects and foster sustainable economic growth.