Caribbean offers multiple opportunities for UK investors – President Ali

(Department of Public Information Press Release) His Excellency Dr. Irfaan Ali told scores of UK investors and business leaders about the investment opportunities in the Caribbean, given its tremendous market access.

He made this assertion as he addressed the Caribbean Council’s House of Lords Annual Reception this evening in London.

He said that as a tourism hub and through its strategic location, the Caribbean has access to over 220 million people directly or through trade agreements.

“We have complete trade agreements with Venezuela, Colombia, Cuba, the Dominican Republic, Costa Rica, and of course, we are part of the economic partnership agreement.”

To illustrate, he pointed to the region’s food import bill and their market values; these include palm oil worth $US142m; cocoa worth US$48.5m; spices worth US$10.6m; beef and beef products worth US$40m among others.

The region’s food import bill, he added, will grow to at least $10b in the immediate future.

The President said that the region has the capacity to produce what it will consume and that it “has an investment framework that allows great competitiveness” which would benefit the business community in the UK and the rest of Europe.

Read more at: Department of Pubic Information

Source: CARICOM TODAY