By World Bank
The most goal of this document is to aid policymakers within the Caribbean layout an time table of coverage activities to speed up exchange integration and progress, and to minimize poverty. every one a part of the document specializes in a key query and offers an in-depth research of the problems raised, laying the principles for coverage thoughts defined within the final bankruptcy of the record. half I asks no matter if the Caribbean's fiscal and exchange procedure are sound adequate to maintain the recent period of its international exchange kinfolk. half II addresses the possibilities and demanding situations that the hot exchange setting bargains to the Caribbean. half III assesses the impression of the recently-negotiated fiscal Partnership contract on progress and poverty relief utilizing different types of macroeconomic versions. The file concludes with coverage priorities for accelerating Caribbean integration into the realm economic system and for reaping the advantages of international pageant.
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Extra info for Accelerating Trade and Integration in the Caribbean: Policy Options for Sustained Growth, Job Creation, and Poverty Reduction (World Bank Country Study)
Provide more resources to the Caribbean Export Development Agency (CEDA). 5. Developing a long-term trade strategy with a focus on increased competitiveness 6/16/09 4:00 PM xlvii (Continued) ■ Prepare a regional implementation strategy of the Free Trade Area Agreement with the United States. ■ Establish national commissions for implementation of the EPA in each CARIFORUM countries. ■ Set up a Regional Implementation Mechanism of the EPA. ■ Develop national implementation strategies of the EPA.
6/16/09 4:00 PM xlv (Continued) ■ Improve customs procedures and administration by enhancing customs valuation methods and reinforcing the capacity at the customs departments. ■ Increase exporters’ financing capacity by increasing their access to credits for exports and credit insurance. ■ Develop export promotion activities by developing export facilitation, information, image-building, and participation in fairs. ■ Enhance the legal framework for business including taxation by reducing the registration time and fees.
Travels accounted for nearly 70 percent of the service receipts of Bahamas, Jamaica, and Barbados. Yet though the tourism sector is well developed in several CARIFORUM economies, traditional tourism has failed to foster linkages with national economies, and few Caribbean-owned tourism businesses have flourished. The region’s traditional tourism product, beach resorts, has matured and faces challenges from competitors in other regions such as Asia, and the rapidly changing nature of global tourism demand.