Local businesses encouraged to take advantage of trade agreement with EU

Trade Minister Chet Greene is encouraging the local private sector to seize the opportunities available for exporting goods to the European Union (EU).

The twin island nation is among more than a dozen Caribbean countries that benefit from the Economic Partnership Agreement (EPA) signed in October 2008. The aim is to make it easier for people and businesses from the two regions to invest in and trade with each other, and to spur development across the Caribbean.

At the launch of a Caribbean Development Bank-EU project aimed at enhancing the private sector’s ability to increase exports under the EPA, Greene expressed his belief that micro, small, and medium-sized enterprises (MSMEs), and the private sector in general, have not taken full advantage of the deal.

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