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St. Lucia to join the Petro Caribe oil initiative

petrocaribeCASTRIES, St. Lucia, Feb 19, CMC – The St. Lucia government says it expects to accrue major benefits for the island following the decision of Castries to join the Venezuelan oil initiative, PetroCaribe.

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CARICOM Leaders Head for CELAC Summits

CELAC-389x264Georgetown, Guyana - Heads of Government, Foreign Ministers and the Secretary-General of the Caribbean Community (CARICOM) will be in Santiago, Chile this weekend to take part in two Summit Meetings.

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IDB says Caribbean economies performed strongly in 2012, but face challenges

WASHINGTON, Dec 28,  – President of the Inter-American Development Bank, Luis Alberto Moreno, says during 2012, the economies of  the Caribbean and Latin America countries have performed strongly in the face of a challenging external environment, but that the region needs to continue to pursue key reforms to ensure growth in the future.

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GUYANA -Fly Jamaica must produce financials and lodge bond says Benn

Fly JamaicaAgainst the background of the financial failure of Red Jet and EzJet Airlines, Guyana’s Aviation Minister Robeson Benn says Fly Jamaica Airline is being asked to submit corporate financial information and lodge a bond with the Guyana government before it begins flights to and from the South American country.

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BARBADOS – More work needed on CSME says Stuart

Much more work still has to be done to ensure that a seamless, balanced CARICOM Single Market and Economy is in place.

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ACP-EU parliamentary assembly should address EU’s differentiation policies

Georgetown, Guyana- Caribbean parliamentarians must utilise the opportunity of the 9th Regional Meeting of the ACP-EU Joint Parliamentary Assembly (JPA) to join with Caribbean leaders in taking a strong stand against the EU’s approach to differentiation.

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Barbados wants to fix "unfair rum trade"

BARBADOS' GOVERNMENT has said it is working with other partners within the Caribbean Community [CARICOM] grouping to ensure that the island does not face unfair competition in the export of its rum products.

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Pirating in the Caribbean: Antigua and the United States face-off in a Trade Battle

antigua-usa-wtoIn a January 28 ruling, the World Trade Organization (WTO) signaled to Washington that it must exist in the brave new world it helped create. In a simmering trade dispute between Antigua and Barbuda and the United States over online gambling, the trade body came down in favor of the Caribbean island nation.

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Caricom to launch EPA review over ACP countries’ reservations

MALABO, Equatorial Guinea — The Caribbean Community (Caricom) grouping says it will launch a review of the Economic Partnership Agreement (EPA) it signed with the European Union in 2008 as members of the African Caribbean and Pacific (ACP) countries continue to express concerns about the initiative.

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WTO gives Antigua green light to pursue sanctions on US

Casino-AntiguaThe World Trade Organization gave Antigua and Barbados the go-ahead to proceed its imposition of sanctions on the United States, paving the way for the small Caribbean country to seek retribution against its much more powerful neighbor up north.

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Caribbean ready for ACP talks

MALABO, Equatorial Guinea, December 12, CMC— Barbados’ Foreign Minister Maxine McClean says that the changing economic circumstances of some ACP member states has brought with it new challenges for which responses must be sought in the quest for an amicable ACP-EU relationship.

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Guyana and US fine tuning ‘Open Skies’ agreement

brent hardtThe United States (US) and Guyana are fine-tuning a new air transportation agreement to cater for the granting of flag-carrier status in the future, according to American Ambassador to Guyana Brent Hardt.

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EPA is 'No European Trojan Horse'

THE European Union (EU) has defended its Economic Partnership Agreement (EPA) with Caribbean countries, rejecting criticism that the free trade agreement will lead to a fallout in regional economies.

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CARICOM tackling rum subsidies says PM Stuart

freundel stuart-330x228Barbados and other CARICOM rum producing states as well as the Dominican Republic are in the midst of high-level talks with officials of the United States government so that there will be a level playing field for rum producers.

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Guyana, US to sign new air transport agreement

guyanausflagsA new Air Transport agreement between the United States and Guyana is expected to stimulate competition and minimize government intervention, Guyana’s Foreign Ministry said Tuesday.

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Germany to bring back gold stored in US, France

gold-barsFRANKFURT, Germany (AP) — Germany's central bank is hauling home tens of thousands of gold bars currently stored in the United States and France, in a high-security operation spread over eight years.

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LIAT to cut uneconomic routes next year

ianbruntonliatSt. John’s, Antigua – Over three dozen “uneconomic” flights provided by regional carrier LIAT will be chopped next year – affecting more than a dozen Caribbean countries.

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Fiscal cliff pact might prolong Caribbean rum wars

rum subsidiesBRIDGETOWN, Barbados—As the world watched the United States draw back from the edge of its so-called ‘fiscal cliff’ at the nth hour once again, some small agreements reached could have big ramifications for Caribbean Forum (CARIFORUM) rum producers.

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LIAT to acquire ATRs; but quiet on funding source

LIATLIAT, which bills itself as the Caribbean airline, is seeking to purchase six brand new turbo prop airplanes to begin its long delayed re-fleeting programme.

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Oil Under the Influence of Reserves and U.S. Economy

petroleo-dolarNew York, Jan 5 (Prensa Latina) Oil prices recorded a mixed behaviour in the week that ends today, moved between the behavior of stock and the U.S. economic situation.

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CARICOM member states to meet commitments under EPA accord

EPA-360x288GEORGETOWN, Guyana,– The Caribbean Community (CARICOM) has committed to work towards meeting a January 2013 deadline for the second round of cuts in tariffs under the Economic Partnership Agreement (EPA) with the European Union.

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