Regional Trade And Resilience Key Amid Climate Shocks, Says CARICOM Secretary-General
– Addressing the 61st regular meeting of the Council for Trade and Economic Development (COTED), she emphasised the role of the CARICOM Single Market and Economy in driving sustainable growth amid climate shocks.
– Chair for the meeting, Belize's minister of state for foreign trade, Marconi Leal, underscored COTED's focus on advancing free movement, industrial policy, and regional recovery efforts.
GEORGETOWN, Guyana – The Caribbean Community (CARICOM) secretary-general, Dr Carla Barnett, addressed the 61st regular meeting of the Council for Trade and Economic Development (COTED), underscoring the Community's solidarity with member states severely impacted by hurricane Melissa and reaffirming the Council's critical role in advancing regional trade and economic resilience as the region continues to experience climate-related shocks.
Dr Barnett expressed deep sympathy for the governments and people of Jamaica and Haiti, noting the tragic loss of life and widespread devastation caused by the record-breaking storm, commended the swift and coordinated response of regional institutions, including the Caribbean Disaster Emergency Management Agency (CDEMA), the Caribbean Public Health Agency (CARPHA), private sector groups, and regional associations.
Dr Barnett highlighted the recent visit to Jamaica by four CARICOM heads of government as a tangible demonstration of regional solidarity and a catalyst for additional support.
“The experience leaves us in no doubt about the urgency of addressing the existential threats posed by climate change and the need to redouble our efforts to build resilience and foster sustainable development across our Region,” Dr Barnett stated.“Strengthening our trade and economic performance is a critical part of this, and COTED must continue to play its important role in this regard.”
Dr Barnett discusses COTED's role in advancing regional trade and economic resilience below:
The meeting was chaired by Marconi Leal, minister of state for foreign trade, Belize. Minister Leal emphasised the central role of COTED in addressing issues of trade and economic development at the heart of the Community's agenda.
“We are meeting amidst complex global geopolitical and domestic challenges that are testing the resilience of individual member states and the Community at large,” minister Leal noted.“The recent passage of Hurricane Melissa provided another stark reminder of the region's extreme vulnerability to climate change and natural disasters.”
Minister Leal highlighted the Council's consideration of key CSME initiatives, including advancing the Free Movement of CARICOM nationals, implementation of the Community's Industrial Policy and Strategy 2035 and support measures for the application of Article 164 of the Revised Treaty of Chaguaramas.
The 61st meeting of COTED reaffirms CARICOM's collective commitment to resilience, sustainable development, and the strengthening of regional trade and economic integration.
The post Regional trade and resilience key amid climate shocks, says CARICOM secretary-general appeared first on Caribbean News Global.
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