U.S. Signs Investment Agreement With Caribbean Nations
The U.S. and 15 member states of the Caribbean Community signed a trade and investment framework agreement May 29, an accord that creates an environment for bilateral talks to boost trade and investment, the U.S. Trade Representative said. The U.S. and the Caribbean Community (CARICOM) originally signed an agreement establishing a Trade and Investment Council in 1991. The council was replaced by the new agreement. The new U.S.-CARICOM Council on Trade and Investment -- which will meet later this year -- will address issues such as trade facilitation, intellectual property rights, environmental protection, labor, and removing barriers to trade, USTR said.
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CARICOM member countries are: Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago. U.S. exports to CARICOM numbered $11.7 billion in 2012, mostly in mineral fuel, machinery and cereals, USTR said.