Monday, July 15, 2024
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HomeBusinessCanada - Caribbean to strengthen trade and investment 

Canada – Caribbean to strengthen trade and investment 

By Caribbean News Global

OTTAWA, Canada – Prime Minister, Justin Trudeau, on Thursday, concluded the Canada-Caribbean Community (CARICOM) Summit in Ottawa. During the Summit, the prime minister and Caribbean leaders advanced shared priorities to fight climate change, grow strong economies for the middle class, and strengthen regional security.

“On Thursday, during the second day of the Summit, Prime Minister Trudeau convened a trade and investment roundtable with CARICOM leaders and Canadian investors to deepen business ties and create new opportunities for workers,” said the prime minister’s office – communications.” The leaders discussed ways to diversify trade and expand investment in key sectors like financial services, resilient infrastructure, clean tech, information and communications technologies, and natural resources management. They also discussed shared work to build sustainable economies that work for everyone, as Caribbean countries continue to recover from the COVID-19 pandemic.”

Canada – Caribbean leaders take next steps to fight climate change, grow strong economies, and strengthen regional security

Prime Minister Trudeau, said:

 “In an uncertain world, it is by working together as friends and partners that we will build economies that work for the middle class, keep our air and water clean, and keep people safe. Over the last two days, as Canada has hosted Caribbean leaders for this Summit, we have done just that. I’m looking forward to everything we can do next to grow and deepen our longstanding partnership.”

Canada – Caribbean opportunities

To create new opportunities for businesses and workers, the prime minister announced that Canada is expanding the Commonwealth Caribbean Countries Tariff program (CCCT), which gives countries in the region duty-free trade access to the Canadian market for the vast majority of goods, including textiles and apparel.

Canada is also helping businesses take advantage of preferential tariff programs by simplifying rules of origin and shipping documentation requirements. For businesses in Canada and Caribbean workers, Prime Minister Trudeau reiterated the government of Canada’s commitment to implement a new foreign labour program for agriculture and fish processing under the Temporary Foreign Worker Program.

Leaders also discussed their shared commitment to democracy, the rule of law, respect for human rights, and the rules-based international order. Canada will continue to work with Caribbean partners to build a more secure, stable, and prosperous future – including for people in Haiti, Venezuela, and the Middle East.

The prime minister’s office – communications advised that” the ties between Canadian and Caribbean communities, businesses, and people run deep. With progress made at this Summit, and the new Canada-CARICOM Strategic Partnership , Canada and the CARICOM will continue working together to create jobs, fight climate change, and keep people safe.”

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