ISDS Case Map
CARICOM
Businessman Michael Lee-Chin has served notice that he intends to submit to arbitration a claim against the government of the Dominican Republic seeking to recover more than US$300 million in damages for expropriating his investment in that country.
Caribbean Forum (CARIFORUM) countries say they are yet to “meaningfully reap the potential benefits” of the Economic Partnership Agreement (EPA) signed with Europe in 2008.
Regional Integration is loosely defined as countries cooperating to achieve a common objective. The way in which countries choose to achieve these common objectives depends on the commitment and keenness of states or countries to share their sovereignty towards a common goal.
Opposition spokesman on Foreign Affairs & Foreign Trade Edmund Bartlett is expressing disappointment at the failed Free-Trade Agreement negotiations between Caricom and Canada.
More than six years after the signing of a controversial Economic Partnership Agreement between the European Union and CARIFORUM, Barbados and other participating countries are “struggling” to make it work.
Less than two months remain to the agreed deadline for the conclusion of talks on a free-trade agreement between CARICOM and Canada, and the tensions are showing.
The waiver which facilitates duty-free access to Canada's market expired three months ago, but Canada is still according duty-free treatment to goods from Caricom under the Caribbean/Canada Trade Agreement, CaribCan, officials attached to the Ministry of Foreign Affairs and Foreign Trade (MFAFT) say.
Negotiations on a trade agreement between Canada and Caricom countries have limped along for over five year and could fizzle out by the end of June—a “drop-dead” date now accepted by both sides.
Dominica is pursuing efforts to get the European Union (EU) to remove the visa requirements for Dominican nationals travelling to Europe, saying that it is important to stimulate trade under the Economic Partnership Agreement (EPA) signed with Europe five years ago.
The Caribbean Community (CARICOM) countries will sign a trade investment framework agreement with the United States during the visit of Vice President Joe Biden to Trinidad and Tobago next week.
