Barbados and other CARICOM economies must this year pursue regional cooperation as a strategic response following “a tumultuous year in regional and global trade”.
That reality has been outlined by Ambassador Wayne McCook, Assistant Secretary-General, CARICOM Single Market and Trade.
He said that the rules-based international system that underpinned decades of global economic growth was undergoing more than a stress test.
“Trade tensions, supply chain disruptions and a surge in economic nationalism and protectionist policies are driving global fragmentation and creating uncertainty for governments and businesses alike,” the senior CARICOM official noted.
“In looking at these challenges CARICOM Heads of Government have stressed the importance of enhancing our intra-regional trade, safeguarding the region’s trade relations with its major trading partner the United States, and deepening and diversifying our bilateral trade relations.”
McCook was a panellist discussing Prospects For International Trade In 2026 In The Context Of The Changing Global Geopolitical And Economic Landscape – Impact On Trade And The Challenges And Opportunities For The Caribbean And Latin America.
