Presentation of the Economy and Development Report (EDR) 2021 in the Caribbean
CAF -Development Bank of Latin America- and the Ministry of Finance of the Republic of Trinidad and Tobago, are pleased to invite you to the presentation of CAF’s Flagship Report "RED 2021" in the Caribbean titled “Pathways to Integration: Trade Facilitation, Infrastructure, and Global Value Chains”
Over the last 30 years, most Latin American and Caribbean countries have unilaterally and multilaterally implemented trade liberalization policies within the framework of regional and extra-regional trade agreements. These policies have resulted in a reduction of tariffs and non-tariff barriers, generating increases in trade and investment. However, the magnitude of these increases has been modest. Trinidad and Tobago has even seen a decrease in its trade over GDP ratio, going from 99% of GDP in the period 1980-1984 to 85% in the period 2015-2019; Barbados shows a similar pattern while the Dominican Republic records an increase of 5%. In the same period, the region as a whole has increased its trade over GDP ratio from 52% to 62%.
The CAF flagship report RED 2021 explores the notion that the relatively low participation in international trade of Latin American and Caribbean firms is due, in part, to the limited use of the regional sphere as a necessary complement to a strategy of global export expansion. This idea focuses on the positive relationship existing between regional and global openness, or what has come to be known as open regionalism. To achieve greater regional and global integration, the report proposes initiatives in three specific areas: trade facilitation, physical infrastructure, and productive integration.
Date: Tuesday, November 15, 2022
Time: 2:30 p.m. (Trinidad and Tobago Time)
Place: Central Bank Auditorium
Programme
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Opening remarks
- Sergio Díaz-Granados Executive President, CAF -Development Bank of Latin America and the Caribbean-
- The Honourable Colm Imbert Minister of Finance, Trinidad and Tobago
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Flagship Report Presentation
- Lian Allub Principal Economist, Directorate of Socioeconomic Research, CAF -Development Bank of Latin America-
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Panel Discussion
Moderator: Stacy Richards-Kennedy, Regional Manager for the Caribbean, CAF
- Dr. Alvin Hilaire Governor of the Central Bank of Trinidad and Tobago
- Ryan Straughn Ministro de Economía y Finanzas, Barbados.
- H.E. Rodolfo Sabonge Secretary-General of the Association of Caribbean States
- Dr. Jan Yves Remy Director, Shridath Ramphal Centre for International Trade Law, Policy and Services, UWI
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Closing remarks
- Christian Asinelli Corporate Vicepresident of Strategic Programming, CAF -Development Bank of Latin America and the Caribbean-
Panelists
Sergio Díaz-Granados
Executive President, CAF -Development Bank of Latin America and the Caribbean-
The Honourable Colm Imbert
Minister of Finance, Trinidad and Tobago
Christian Asinelli
Corporate Vicepresident of Strategic Programming, CAF -Development Bank of Latin America and the Caribbean-
Dr. Stacy Richards-Kennedy
Regional Manager for the Caribbean of CAF - Development Bank of Latin America and the Caribbean-
Lian Allub
Principal Economist, Directorate of Socioeconomic Research, CAF -Development Bank of Latin America-
Dr. Alvin Hilaire
Governor of the Central Bank of Trinidad and Tobago
Ryan Straughn
Ministro de Economía y Finanzas, Barbados.
H.E. Rodolfo Sabonge
Secretary-General of the Association of Caribbean States
Dr. Jan Yves Remy
Director, Shridath Ramphal Centre for International Trade Law, Policy and Services, UWI
Master of Ceremony
Ken Simmons
Radio and Television Host