With the bottom falling out of agricultural markets, Caribbean governments are now being forced to diversify their economies and get serious about economic integration.
The time has come for the Caribbean to
stand up and be counted, according to the president of the
Dominican Republic, Leonel Fernández. "Some measures
must be taken in order to level the playing field between small
economies and large-scale economies in doing fair trade," he
Recent victories at the World Trade Organization for Latin
American countries disallowing the European Union's tariffs on
banana imports will be another blow for banana producers of the
Caribbean. Preferential sugar pricing agreements with the
European Union are also being axed and protections for banana
and textile producers are being phased out, worsening critical
employment problems for countries that are already battling to
"The Caribbean, like many other parts of Central and South
America, is facing a number of changes politically and
economically. The opening up of markets and change of import
quotas has positive as well as negative...
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