Caricom body warns of continuing high food prices

The Thirty-Fifth Meeting of the Caricom Council for Trade and Economic Development (COTED) concluded on  11 December 2012 with a warning that high food and fuel prices will continue to roil the region next year.

A Caricom release said that the discussions in Georgetown, Guyana saw extensive and robust discussions on the persistent high food prices occasioned, in part, by global decline in cereal production. The Meeting was told that the impacts of high food prices will continue to be felt in 2013 and that the price of petroleum would continue to affect the agriculture production costs and distribution.

Among the items that are expected to be most affected are animal-based food products.

The Region’s poor, the Meeting recognized, will continue to be afflicted by the rising cost of living.

The Common External Tariff (CET) – identified in 2008 as one immediate avenue to ease the burden of high prices on the Region – was again singled out as the way forward. Recognition was given to the measures being adopted under the Community Agriculture Policy and the Regional Agribusiness Strategy. In addition, as agriculture was considered critical to reducing the high food import bill, ensuring food and nutrition security, and combating non-communicable diseases, the Meeting called on Member States to urgently pursue the removal of the key binding constraints to agriculture production.

Attention was also focused on how Belize, Haiti and the Organisation of Eastern Caribbean States (OECS) could better benefit from the Caricom Single Market and Economy (CSME).

The discussions were based on an initial report that identified factors that were limiting the full integration of those states in the CSME, as well as on a report that offered implementation plans and financing for each of the solutions.

The release said that discussions also focused on the financing of the undertaking; the ownership of the exercise and the role of COTED. The Meeting mandated that a task force be established to move the process forward, particularly with regard to identifying the main priorities for intervention and identifying financing.
The task force, made up of  representatives of the OECS, Belize, Haiti, Barbados, Caribbean Export, the University of the West Indies (UWI) and the CARICOM Secretariat, will tender its first report in July 2013.

Comments  

Wave of looting shutters stores, spreads fear in Venezuela

CARACAS/SAN CRISTOBAL, Venezuela,  (Reuters) – A wave of looting by hungry mobs across Venezuela has left streets of shuttered shops in provincial towns and pushed some store owners to arm themselves with guns and machetes, stirring fear that the turmoil could spread to the capital Caracas.

NY man gets 41 years for killing Guyanese girl

Taariq Stephens (New York Daily News photo) A Brooklyn man got a 41-year maximum prison sentence yesterday for killing a 16-year-old Guyanese girl who authorities said rejected his advances.

Debutant Ngidi leads South Africa to series victory v India

PRETORIA,  (Reuters) – Debutant Lungi Ngidi took six wickets as South Africa defeated India by 135 runs to claim victory in the second test in Pretoria today and also win the series with an unassailable 2-0 lead in the three-match contest.

T&T judge grants injunction stopping highway project

(Trinidad Guardian) Environmental activist group Fishermen and Friends of the Sea (FFOS) has obtained an interim injunction barring the Government from continuing work on the first phase of the $400M Churchill Roosevelt Highway Extension to Manzanilla.

Three held over Pomeroon double murder

Three persons, including the widow of one of the two Pomeroon farmers shot dead on Sunday, have been taken into custody and police say one of them led detectives to the location of an arms cache that allegedly belonged to one of the deceased.

Your browser is out-of-date!

Update your browser to view this website correctly.

We built stabroeknews.com using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now

×