Monitoring trade agreements: improving export performance and promoting industrialization in the goods-producing economies of the Caribbean
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Monitoring trade agreements: improving export performance and promoting industrialization in the goods-producing economies of the Caribbean
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This study focuses on the identification of the challenges and capacity constraints faced by enterprises in the sub-region in exploiting trade opportunities provided by Free Trade Agreements (FTAs) and Partial Scope Agreements (PSAs). It concentrates on the goods sector and case studies for Belize, Suriname, and Trinidad and Tobago, and seeks to develop a strategic framework aimed at addressing these challenges and constraints, thereby creating a platform for economic diversification and export expansion. It explores the recent trade performance of the countries in question under selected trade agreements; identifies challenges and constraints faced by exporters in these countries; and presents possible avenues for strengthening export expansion both at the intensive and extensive margins.
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Abstract. --Introduction. -- I. Trade openness and the structure and performance of the Caribbean’s exports. -- II. Case study: Belize. -- III. Case study: Suriname. -- IV. Case study: Trinidad and Tobago. -- V. Summary of the case study findings. -- VI. Elements of a new trade and development strategy. -- VII. Conclusion. -- Bibliography.