Export Development Unit of the OECS hosts follow up Meeting to FCOR Business Mission
The Export Development Unit (EDU) of the Organization of Eastern Caribbean States (OECS) from June 5th to 6th, hosted a follow up meeting to a recently concluded Business Mission to the French Caribbean Outermost Regions (FCORs) of Martinique and Guadeloupe.
In the light of the success of the Business Mission to the two French Caribbean islands, the stage has been set to advance trade opportunities.
Martinique representative of the Business Mission, Virginia Paul stated, this was another activity in pursuit of OECS objectives to increase trading among the Caribbean.
“This mission exposed companies and other trading agencies to the modalities for doing business in Europe and to expand trade in key sectors of interests to the OECS,” Paul noted.
She said, the OECS has enjoyed long and cordial relations with the French Caribbean countries at national and regional levels which have been facilitated by geographical proximity, shared history, culture and language.
According to her, these relations have been formalized through cooperation arrangements with agencies such as the Regional Councils of Martinique and Guadeloupe, in areas such as health, culture, security and tourism in addition to the Economic Partnership Agreement which is another vehicle for facilitating and formalizing trade relations.
The various stakeholders met in working groups to identify key actions for follow up in each sector, in addition, to areas for coordinated or joint action for implementation.
“During the first few months of this year the Regional Council of Martinique, engaged the OECS secretariat in possible new areas of cooperation for the next programming cycle, and hopefully the integration of our markets will be taking a step further soon with the accession of Martinique to the OECS and CARICOM,” Paul explained.
She added, the OECS is of the view that deepening relations with the FCOR’s is important because of their geographical proximity, market size and the opportunities for joint ventures and other business relations using the EPA as their framework.
This meeting was executed with support from the European Union through the 10th EDF for Economic Integration and Trade of the OECS Region.