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Stabroek News

Opportunity for CARICOM
published: Wednesday | April 23, 2008

The Editor, Sir:

The dramatic increases in world food prices pose a huge problem to countries, especially those that rely heavily on imported foods such as rice, corn and other grains.

On the other hand, it presents an opportunity for new initiatives to be taken which otherwise would not have been thought of if it weren't for the crisis. It reminds us of the need to grow more of what we eat and eat more of what we grow.

I believe this an opportunity for CARICOM to step up to the table and show its true potential.

If there is to be any tangible benefit from the CARRICOM Single Market and Economy, then now is the time for CARICOM leaders to come together and work out immediate trading and purchasing agreements that will benefit all its member states.

What tariffs to lift?

The questions that need asking among CARICOM countries are:

What tariffs can be lifted to reduce imported food prices?

Can CARICOM countries purchase certain staple foods en bloc to benefit from discounted prices?

What local produce available within CARICOM can be exported regionally among CARICOM states?

If we can find some success in overcoming this challenge, then it will not only solve this immediate crisis, but also provide long-term arrangements that will protect CARICOM from future shocks.

Prime Minister Bruce Golding has been advocating for CARICOM to be more outward looking, rather than redistributing wealth among its members.

I am, etc.,

DAVID STEPHENS

danthonystephens@hotmail.com

Kingston 5

Via Go-Jamaica

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