Friday, Jul 19, 2019

CARICOM task force to meet next month

CARICOM task force to meet next month
22 Aug

Prime Minister Mia Mottley will chair the first meeting of a Caribbean Community (CARICOM) task force set up by regional leaders to examine ways to change the regime for seamless investment across the 15-member CARICOM grouping.

Barbados CARICOM Ambassador-designate, David Comissiong, said the meeting is scheduled for September 5

CARICOM leaders at their summit in Jamaica in July had set February next year as the deadline for a number of investment initiatives to be completed, Comissiong said.

The leaders have said that there should be a completion of the CARICOM Investment Policy, the CARICOM Investment Code; also the CARICOM Financial Services Agreement in time for the inter-sessional summit in February.

Comissiong said that an agreement would create a framework for companies in the financial services to operate smoothly region-wide.

“In other words, you are creating an enabling environment for economic projects and economic activity. That is to become. Suffice to say, you can rest assured that my intention as Ambassador is to keep you the media and by extension the Barbadian and Caribbean public fully informed,” he added.

Prime Minister Mottley has lead responsibility for the CARICOM Single Market and Economy (CSME) within the CARICOM quasi-cabinet.

“We are going to be looking at such things as the CARICOM Investment Policy, the CARICOM Investment Code, the CARICOM Financial Services Agreement [and] a standard CARICOM regime of incentives to foreign investors,” Comissiong said, adding that these standards are needed to ensure investment happens in a seamless way across the region. Comissiong indicated that he intends to publicise the activities of CARICOM..

“This is in keeping with Miss Mottley’s mantra, because Miss Mottley has already said to the Heads of Government…in Jamaica, that she would wish that by the next CARICOM Heads of Government Summit that all of the open sessions are live-streamed to the people of the region while they are happening…that we see no reason why the Caribbean people should not hear their leaders speak…should not see the decisions that are made; we see no reason all of that should not be made available to the Caribbean people through live streaming,” he noted.

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