ISDS Case Map
Caribbean
The Cariforum Economic Partnership Agreement (EPA) was initialled last December under extreme pressure of time and the threat of imposition of punitive tariffs on Caribbean exports in European Union (EU) markets. In the past nine months this 1,000 plus- page agreement has been examined closely, and found wanting in several respects. Every effort needs to be made to fix the problematic features before the agreement is legally cast in stone.
Senior representatives of the government, the opposition political parties, the trade union movement, the private sector, religious bodies and other non-governmental organizations unanimously called on regional leaders not to sign it in its present form.
As matters stand, Trinidad, Jamaica, Barbados, the Dominican Republic, Belize, The Bahamas and St Vincent have said that they want to sign; St Lucia says it will not; Guyana is holding a public consultation; Grenada wants more time; and there is silence from almost all other Cariforum states. Meanwhile, some opposition parties have publicly disassociated themselves, most notably, in Jamaica and Antigua.
Latin American businessmen have long been lobbying for free trade agreements with the EU.
A senior European Union diplomat in Kingston warned Wednesday that Caribbean countries that fail to sign a trade pact the region negotiated with EU by the October 31 deadline will lose preferential access for their product into the European market.
Eight months after congratulating themselves for having become the first region within the African, Caribbean and Pacific (ACP) grouping to conclude negotiations with the European Union on a new trade and economic pact, Caribbean leaders are getting cold feet as the time draws near to affix their signatures to the document.
A day after Caricom chairman Baldwin Spencer proposed September 8 for the signing of the Economic Partnership Agreement (EPA) with the European Union (EU) the Observer has learnt that the pact is now unlikely to be signed before either September 12 or September 19.
The EU is currently negotiating FTAs with Central America, the Andean Community of Nations and Mercosur. Its objective is to use these agreements to complete the privatisation process, to remove restrictions on European property and activity in the region, to acquire full access to natural resources and to obtain guarantees that European companies will be able to operate with clear advantages over national companies. Moreover, all these concessions granted to European companies are to be protected from any political changes that the peoples of the region might want to undertake in the future.
On Sept. 2, 2008, some Caribbean countries will be signing an Economic Partnership Agreement with the European Union which is not fair and which, over time, may well return Caribbean countries to a state of “plantation economies” where the commanding heights are owned by foreign companies run by expatriate managers, and Caribbean people are merely workers.
They failed us! That's what governments, intellectuals and trade unions in CARIFORUM (CARICOM and the Dominican Republic) who negotiated the Economic Partnership Agreement with the European Union did to this region, says James Paul, of the Barbados Agricultural Society.
