UP-DATE: Johnson Smith participates in regional trade talks in…..
Johnson Smith Participates in Regional Trade Talks in Guyana
Minister of Foreign Affairs and Foreign Trade, Kamina Johnson Smith, recently attended critical regional trade discussions in Georgetown, Guyana, aimed at strengthening economic ties and addressing pressing trade issues within the Caribbean Community (CARICOM). The talks, hosted by CARICOM’s Council for Trade and Economic Development (COTED), brought together government officials, trade experts, and private sector representatives from member states to deliberate on policies to enhance regional integration, boost economic resilience, and expand market access.
Central to the discussions were strategies to address supply chain disruptions, food security challenges, and the promotion of sustainable development within the region. Johnson Smith emphasized Jamaica’s commitment to regional trade initiatives and highlighted the importance of collaboration in achieving CARICOM’s single market and economy goals. She underscored the need for member states to harmonize trade policies, reduce tariff and non-tariff barriers, and invest in infrastructure to support cross-border trade.
The issue of food security featured prominently on the agenda, with CARICOM nations reaffirming their pledge to reduce the region’s annual food import bill by 25% by 2025. Johnson Smith advocated for increased investment in agricultural innovation and the development of regional value chains to support local farmers and agribusinesses. She also stressed the need for climate-smart solutions, given the Caribbean’s vulnerability to climate change and its impact on food production.
Another key focus was the integration of small and medium-sized enterprises (SMEs) into the regional trade framework. Johnson Smith called for greater support mechanisms, including access to financing, technical assistance, and training programs, to ensure SMEs can compete effectively in regional and global markets.
The minister also engaged in bilateral discussions with her counterparts, exploring opportunities to deepen trade partnerships and diversify export markets. She reaffirmed Jamaica’s commitment to playing a leading role in fostering regional cohesion and addressing shared challenges.
In her closing remarks, Johnson Smith expressed optimism about the outcomes of the talks, noting that the collective efforts of CARICOM members could unlock significant economic opportunities. She urged swift implementation of the decisions made and emphasized the importance of regional solidarity in navigating global uncertainties.
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