AfriCaribbean Trade and Investment Forum 2022 – Closer Ties a Must
The ongoing pandemic has given impetus finally to governments in the region assigning additional resources to improving food security. Barbados in the period has been developing a closer relationship with Guyana and we have seen cooperation to increase black belly sheep production to satisfy local and some regional demand for lamb. There are additional initiatives we hope to see bear fruit in the coming weeks and months mentioned in a previous blog – Government Initiatives to Address Food Supply – The St. Barnabas Accord. Last week Minister of Agriculture reported there is a plan to slash food import bill by 20% when a food terminal is established in Barbados with the help of Guyana. It is a reminder the founders of CARIFTA envisioned Guyana to be the bread basket of the Caribbean almost 50 years ago.
Yesterday a direct flight – a first from Nigeria – to bring delegates to attend a 3-day investment forum one may argue is the result of the effort of the government to forge close ties with some African countries to create business of opportunities. The AfriCaribbean Trade and Investment Forum will take place in Barbados from September 1-3. The forum represents an opportunity for the Caribbean and African private sectors to explore opportunities for trade and address challenges that have historically prevented deeper collaboration. The forum is being hosted by the African Export-Import Bank. The blogmaster is hopeful there is meaningful collaboration coming out of the engagement.
In a previous BU blog – Barbados based Fintechs on the MOVE the entry of Barbadian Fintech companies was highlighted and from reports have been reaping success on the African continent. It bears no reminder that 95 percent of Barbadian are of African descent, we therefore share a historical bond.
CEO of Export Promotion Facebook page.