CARIBCAN was established between Canada and CARICOM countries in 1986 to provide one-way duty-free access into the Canadian market for commodities that satisfy certain rules of origin requirements. However, after seven rounds of unsuccessful negotiations of a free trade agreement, the World Trade Organization extended the CARIBCAN waiver until 2023. A free trade agreement … [Read more...] about Are CARICOM and Canada Good Trading Partners?
comparative advantage
Why we need Economic Diversification in Trinidad and Tobago
Economic diversification in Trinidad and Tobago is imperative, although diversification away from the energy sector has largely failed. A country with a perfectly diversified export portfolio will have an index close to 0 (most diversified), whereas a country that exports only one product or to one country will have a value of 1 (least diversified). In Trinidad and Tobago, … [Read more...] about Why we need Economic Diversification in Trinidad and Tobago