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CABINET NOTES: The Cabinet held discussions with the General Manager of the Antigua Port Authority regarding brisker trade with one of the dynamic economies of the Caribbean—the Dominican Republic.
A trade agreement was signed several years ago; however, the trade between the Dominican Republic and Antigua and Barbuda is fueled in large part by the presence of a significant population of Dominicanos residing in Antigua.
The Port’s General Manager explained that two shipping lines serve Antigua from the Spanish-speaking country each week and that their exports to the Eastern Caribbean could be vastly improved, especially if trade with the US is retarded because of tariff increases.
The shipping lines land 40 containers in Antigua each week, and 20 other containers proceed to other islands in the Caribbean.
Many products from Central and South America are brought by these ships directly from Santo Domingo; if US-imposed tariffs cause goods transiting the USA to become significantly more expensive, then the General Manager proposes that many more items can be purchased directly from suppliers in Central or South America.
The Minister of Trade is charged with the responsibility, by the Cabinet, to begin exploring the possibility of utilizing the vessels docking in Antigua from the Dominican Republic to bring additional items of trade directly to Antigua.
In order to achieve this end, an expert team has been appointed to study the greater likelihood of success of a trade link with the Dominican Republic, with the possibility of a bilateral agreement with the Port of St. John’s and the Port of Santo Domingo.
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Great move!
Fingers crossed this results in lower prices for consumers! I could use a break.
I wonder if this will make it easier for us to get Dominican products here. That would be nice.
Great to see Browne making moves to boost trade with the Dominican Republic.
What are we benefiting for this?
No Caricom or for that matter Black people should do business with the Dominican Republic. They treat their closest neighbours Haitians like Animals.The same Rules they apply to Haitian Born in The Dominican Republic by Haitian parents, by not obtaining citizenship( Trump) should apply to them in all of Caricom. They are presently demonstrating migrants from Haiti but it’s ok for their people to over populate other people country.