CARICOM reviewing Common External Tariff and Rules of Origin

The 15-member Caribbean Community (CARICOM) is reviewing its trade instruments to make them fit for purpose to facilitate increased trade, agricultural expansion, and industrial development beyond 2023, the Guyana-based CARICOM Secretariat announced Tuesday.

The grouping’s main trade instruments are the Common External Tariff (CET) and the Rules of Origin, and the secretariat said that member states and other regional stakeholders will engage in deliberations over a two-day period beginning on Thursday.

According to the secretariat, they will participate in the Seventh Meeting of the Sectoral Working Group to Review the CET and in the Ninth Meeting to Review the Rules of Origin.

“The working group on the CET will give further in-depth consideration to the principles underlying the categories and levels of the CET as well as the rates to be applied”. -(CMC)