The Caribbean Development Bank (CDB) is to finance consultancy services for a study to explore options for a Maritime Cargo Service between Barbados, Grenada, Guyana, and Trinidad and Tobago primarily for the movement of agricultural products.
The initiative is part of the CDB’s pledge to improve food security within the Caribbean, and to promote regional cooperation, a release from the CDB said today. It also demonstrates the Bank’s support for the imperative, announced last year by CARICOM Heads of Government, to achieve a 25% cut in the Region’s food import bill by 2025. The Heads pinpointed a lack of adequate regional transportation as a major obstacle to the movement of agricultural products within the region and a major contributor to food insecurity.
“Policymakers in CARICOM have established that intra-regional agricultural trade can balance food deficits and surpluses, contribute to price stability, and increase the diversity of food supply, all of which can achieve greater food and nutrition security for the Caribbean,” CDB’s Director of Projects, Daniel Best said.
He added, “CDB is aware that improving intra-regional trade in agriculture will require interventions across the ecosystem, however the provision of efficient and sustainable transportation to move agricultural goods will go a far way in achieving 25 by 25.”
The release said that the Project will explore options for addressing a range of factors affecting the conveyance of agricultural products by sea including management and operational systems, onshore facilities, food safety provisions, and customs and plant quarantine operations. The main objective of the initiative is to identify opportunities for swift improvement in maritime transportation capacity, recommend transportation modalities and provide solutions which utilise existing shipping assets.
A Technical Working Group will be set up to provide oversight of the study. The body will include representatives from governments of the participating countries, the CARICOM Secretariat, the CARICOM Private Sector Organization, and the CDB.
