Overview of CARICOM: TFA Strategy and Regional Initiatives
CARICOM, a Caribbean community comprising countries such as Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, and others, is implementing a Trade Facilitation Agreement (TFA) strategy. This strategy focuses on transparency provisions, test procedures, single window systems, risk management, and post-clearance audits. The common framework aims to enhance regional capacity building through donor engagement, resource optimization, and public-private partnerships. Challenges include evolving support needs, donor identification, eligibility criteria, and limited grant resources. Visit www.caricom.org for more information.
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CARIBBEAN COMMUNITY (CARICOM) Antigua & Barbuda The Bahamas ** Barbados Belize Dominica Grenada Guyana Haiti Jamaica St. Kitts and Nevis Saint Lucia St. Vincent and the Grenadines Suriname Trinidad and Tobago
CARICOM TFA STRATEGY. Targets (5) Priority areas for implementation Transparency Provisions Test Procedures Single Window Risk Management Post Clearance Audit
CARICOM TFA STRATEGY Common framework for design and delivery of regional capacity building initiatives and interventions; Tool for engaging donors and co-ordinating donor support at the regional level; Rationalize use of scare donor resources; Harness regional expertise for TACB support; Public-private partnerships to design regional projects.
CARICOMs EXPERIENCE: MAIN HEADLINES ...TFA Implementation support needs are not static! Identifying and engaging donors take time, and oftentimes have to be implemented on a dual track! ... Geographical eligibility and other criteria! ... Limited amount of Grant Resources!
Thank you for your attention www.caricom.org
