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CSME - boon or bane for TnT’s agri sector?

THE CARICOM Single Market and Economy (CSME) allows for the free movement of capital, goods and services with the CARICOM region.

However, there are restrictions based on sanitary and phyto-sanitary (SPS) and health concerns which existed prior to the CSME.

GreenVine, the quarterly publication of NAMDEVCO, in its previous issue, commended the CSME as a step in the right direction towards CARICOM integration in its previous issue, but in the current issue examines whether the CSME would turn out to be a boon or bane for local farmers.

The Trade zone

The Trade zone of the Caribbean.

According to GreenVine, without a doubt, CSME offers potential to most sectors including the agri-food sector but for this sector to realise the full benefits of the CSME there must be an adequate level of planning, strategising and ensuring that the required infrastructure is in place.

Some will win and some will lose.

Clearly, the CSME would impact both positively and negatively on the various segments of the sector.

The primary producers or farmers are unlikely to experience any major benefits and in some instances may lose market share to more efficient producers.

The local agri-food manufacturers who benefit from the cheapest energy cost and relatively high levels of automation in the region and also enjoy better physical infrastructure than those in the farming community generally stand to benefit most.

CSME and non-Tariff barriers.

The CSME is a mechanism to promote a single market and economy.

However, because of other non-tariff barriers such as SPs concerns, our fresh produce currently is only allowed into Antigua and Barbuda, Barbados and Dominica, NAMDEVCO, in collaboration with the Ministry of Agriculture, Lands and Marine Resources developed and is implementing a Farm Inspection and Monitoring Programme.

It is underpinned by the principles of Good Agricultural Practices (GAP) and ensures that farms from which produce is harvested are free from pest and diseases; and that only allowable limits of pesticides are used.

Agricultural health specialists from the importing countries also subject these farms to random annual inspections.

Currently we are working with the St. Lucian authorities to re-gain access to this market.

Capitalising on potential benefits.

In order for our producers to benefit from the potential benefits of the CSME they must be armed with the necessary market intelligence to plan and manage their production targeted at specific markets.

In short, they must produce to specific market requirements.

To this end, NAMDEVCO in collaboration with the CABA, CARDI, and IICA would be hosting the First specific markets.

In short they must produce to specific market requirements.

To this end, NAMDEVCO in collaboration with the CABA, CARDI, and IICA would be hosting the First Caribbean Agri-Food Trade Convention to be held from May 24 to 27, 2006 at the Paria Suites and Conference Centre, South Trinidad.

Participation in this event would answer some important questions to investing in the Agri-food sector such as: What products are in demand and at what price?

Who are your main competitors in the region?

What are the main markets?

Who are the main purchasing agents?

What are the quality requirements?

So why not come to Paria Suites and discover valuable investment opportunities in the Agri-food sector?

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