OECS Develops Private Sector Trade Facilitation and Engagement Strategy for Member States

Trade facilitation, commercial engagement and competitiveness are at the forefront of the regional integration plans of the Organization of Eastern Caribbean States (OECS). In April, the Commission launched the development of an integrated regional strategy for trade facilitation and engagement with the OECS private sector. This strategy aims to broaden and deepen the overall encouragement of the private sector in promoting strategic solutions that reduce transaction costs and enhance private sector capacity in the OECS.

ECONOMIST Dr Claudius Preville

Dr. Claudius Preville of Preville & Associates was engaged to develop this critical strategy. Dr. Preville is a well-established consultant with over 15 years of experience in the field of economic development and trade policy. As part of his engagement, he will consult with national and regional private sector stakeholders, including chambers of commerce, national private sector associations, the OECS Business Council to obtain their views and their aspirations regarding the expectations of national, regional players and international trade policies that govern and regulate their participation in the global market.

In addition, it will engage national and regional trade policy makers such as Ministries of Trade, Customs Departments, Caribbean Export Development Agency, National Trade and Export Promotion Agencies, National Committees trade policy and other relevant decision-making bodies for their views. views on modern and appropriate competitiveness strategies to strengthen and deepen the integration of ECEU into economically viable value chains and the wider global economy.

This project is part of several initiatives carried out under the ACP TradeCom II programme. To date, the program has provided scholarships to OECS citizens for a master’s degree in international trade policy, launched trade analytics tools, and hired companies to conduct studies critical to the region’s advancement. OECS.

On October 24, 2019, the OECS launched the ACP TradeCom II program, “Consolidation of the OECS Economic Union through Sustainable Trade Capacity Building” (STCB). Thanks to the joint contributions of the Europe Aid grant program of the European Union and the Organization of African, Caribbean and Pacific States (OACPS), the total project budget is 3.6 million euros and is disbursed through the EU-ACP TradeCom II rapid response mechanism. Program.

The overall objective of the program is to assist the OECS Protocol Member States and the OECS Commission to advance the implementation of the OECS Economic Union, as stipulated in the Revised Treaty of Basseterre (RTB) and the Strategic Objectives of the OECS. This program aims to strengthen the capacity and institutional framework of Member States to develop and implement trade and private sector growth policies and strategies. This will be facilitated by the development of well-defined mechanisms to involve the private sector in trade policy dialogue and decision-making.

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