Category Archives: finance and trade

The View from Europe: Responding to the coming trade disorder – By David Jessop

The View from Europe: Responding to the coming trade disorder

Published on March 11, 2017 – By David Jessop

David Jessop

  • A few days ago, an astute observer of the US political scene told me: “Watch what the new administration and Congress does, not what the president tweets. That is the secret of understanding future US policy.”

If this is correct, the Caribbean should ignore the noise and think hard about the implications of a nine-page document sent on March 1 to the US Congress by the office of the US Trade Representative (USTR). It makes clear the radical ambition of new administration.

In stark and confrontational terms, it sets out the president and his advisers’ zero-sum thinking on trade.     Continue reading

When one points a finger, three fingers are pointing back – Adam Harris

When one points a finger, three fingers are pointing back

 Mar 12, 2017  Features / Columnists, My Column  Adam Harris

The introduction of parking meters in the city is being blamed for just about everything, from a decline in business to a potential hit on the economy. Many businessmen in the city, as I mentioned recently, are claiming that their business has declined by as much as fifty percent since the introduction of the parking meters.

For one, these businesses are telling us that most of their shoppers are people who drive, when the reality is that eighty percent of shoppers are people who walk. They travel to the shopping centres by minibus, do their shopping, then head to the bus parks. The few drivers who shop are people who would buy some small item.   Continue reading

Guyana’s Natural Resources Minister, Raphael Trotman Woos Toronto’s Guyanese-Canadians

Guyana’s Natural Resources Minister, Raphael Trotman Woos Toronto’s Guyanese-Canadians

 March 8, 2017 – Caribbean Graphic

Natural Resources Minister – Raphael Trotman

Guyana’s Natural Resources Minister, Raphael Trotman was in Toronto over the Mach 4-5 weekend to attend a Mining Conference. During his brief visit, Trotman took the time to address a March 4 audience of Guyanese-Canadians at a Stakeholder Engagement Session titled “Guyana Rising From Potential to Prosperity”, which was held at Toronto’s Westmount Event Centre. The session was held primarily to update members of the diaspora on the progress of the rich oil find and the potential it has for the future of Guyanese at home and abroad.

With expectations soaring in the event of the expected revenues from oil, Trotman in his excellent presentation and very well received address, said the Government has identified several infrastructural projects, including the construction of the road from Linden to Lethem, building a deep water port at Crab Island, Berbice and at least two hydro power plants.   Continue reading

Guyana aims to shift economy from gold to green – by Molly Bergen

Guyana aims to shift economy from gold to green

Alluvial gold mining in the rainforests of Guyana.

Alluvial gold mining in the rainforests of Guyana. This is a medium-scale operation; many Guyanese work in the artisanal, small-scale gold mining sector, which is built around removing minerals from topsoils. As the gold runs out, the supply accessible from the surface will be the first to disappear, leaving many people in search of new livelihoods. (© Pete Oxford/iLCP)      Continue reading

Guyana needs clear strategy on spending oil earnings- UK envoy

 Guyana needs clear strategy on spending oil earnings- UK envoy

British High Commissioner to Guyana, Greg Quinn.

Britain says while Guyana appears to be progressing towards commercial oil production, there appears to be no clear indication on how the South American nation will spend some of the revenues.

High Commissioner to Guyana, Greg Quinn said Guyanese stakeholders need to discuss how the money should be spent on the social sectors and infrastructure while putting some of the earnings in a Sovereign Wealth Fund.    Continue reading

Guyana: Linden’s Mayor Forges Twinning With Newark City NJ in the US

Barbados Underground

Submitted by the CARIBBEAN GUYANA INSTITUTE FOR DEMOCRACY (CGID)

BROOKLYN: The Mayor of Guyana’s second most populous municipality, the town of Linden, will on Saturday February 4, apprise Lindeners in New York City of plans to twin Newark City, New Jersey with his town, as well as on his agenda to create jobs and redevelop the industrial town.

Mayor Carwyn Holland is expected to be joined by his Newark counterpart, Guyana’s Consul General to New York, Mrs. Barbara Atherly and Brooklyn elected officials, at a town hall meeting at on Saturday, February 4, 2017, at 3:00 p.m., at the St. Stephen’s Lutheran Church Auditorium: 2806 Newkirk Ave & East 28th Street, Brooklyn NY 11210. He will also meet with Newark City officials on Monday, February 6, to finalize twinning arrangements. Mayor Holland be accompanied by Ms. Tandika Miller, CEO of the Linden Enterprise Network (LEN), a development fund…

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The message in President Trump’s Mexico policy – By David Jessop

The message in President Trump’s Mexico policy
Published on January 21, 2017  By David Jessop
David Jessop

David Jessop

One of the few issues about which the new president of the United States has been consistent, is his approach towards Mexico.

Ever since his extraordinary electoral campaign first began, he has made his intention clear. He would build a wall to stop Mexican and other illegal migrants crossing the US southern border; would renegotiate the North American Free Trade Area Agreement (NAFTA) with both Mexico and Canada; and place punitive tariffs on US and other companies using low cost labour to manufacture in Mexico for export into the US.

What is now apparent is that, as president, he will rapidly authorise the steps required to introduce each measure, in order to demonstrate some of the main themes of his presidency.      Continue reading

Barbados’ Foreign Reserves At Lowest Level In More Than A Decade

Barbados’ Foreign Reserves At Lowest Level In More Than A Decade

Governor of the Central Bank of Barbados Dr. Delisle Worrell

CARIBBEAN360 -BRIDGETOWN, Barbados, Wednesday January 25, 2017 – Barbados’ foreign reserves have fallen to the lowest level in 14 years, according to Governor of the Central Bank of Barbados Dr DeLisle Worrell.

However, Worrell sought to calm nerves by revealing that Government was anticipating over $250 million, although he did not say how much of that cash would come before the end of the current fiscal year, which ends March 31.    Continue reading

The Caribbean: Selling citizenship and passports to subsidize budgets

The Caribbean: Selling citizenship and passports to subsidize budgets

By Bert Wilkinson – Caribbean Life News

Opinion - commentary -analysisWith their banana and sugar export industries having collapsed and revenues from tourism fluctuating yearly, the governments of the Eastern Caribbean sub grouping have been looking for additional ways to bring in state revenues.

Revenues have also declined because of their membership in the 15-nation single market free trade system, meaning that goods manufactured in the region enter ports largely duty free so little or no taxes are levied.

The result is that most of the independent nations in the nine-nation sub region have turned to selling citizenship and local passports for a fee to supplement revenue shortfalls from the disappearance of banana and sugar.

But the highly lucrative Citizenship by Investment Program (CIP) came under unprecedented scrutiny recently when CBS’s award-winning 60 Minutes program aimed an extensive investigative piece on the scheme.   Continue reading

Trump says Europe is in trouble. He has a point – By Sebastian Mallaby

Trump says Europe is in trouble. He has a point.

By Sebastian Mallaby January 17 at 7:46 PM

Sebastian Mallaby is a Post contributor and Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. He is author of “The Man Who Knew: The Life and Times of Alan Greenspan.”

trump

President-elect Donald Trump

Germany’s foreign minister reports “astonishment and agitation.” The French president protests indignantly about unsolicited “outside advice .” Even Secretary of State John F. Kerry sees behavior that is “inappropriate.” President-elect Donald Trump’s weekend interview, in which he casually predicted the breakup of the European Union, has certainly attracted attention. But despite the consternation, there is some truth in Trump’s message. The E.U., he observed, is dominated by Germany. “People, countries want their own identity,” he said.      Continue reading

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