GEORGETOWN, Guyana (AP) — A Caribbean trade bloc says it plans to launch a strategy to boost trade through providing aid.
Haitian President Michel Martelly will be joined on Tuesday by outgoing World Trade Organization Secretary General Pascal Lamy in Haiti. They’ll announce an “aid-for-trade” strategy for the Caribbean.
Announced Saturday, the effort would try to secure support from donors to help develop maritime transport infrastructure to move goods through the region.
Caribbean countries fear they could lose millions by signing two-way free trade agreements with the European Union, U.S. and other countries. They argue that their economies will be hurt because they have little to export and will get few taxes from imports because of duty-free policies.
Copyright 2013 The Associated Press.