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The role of extension in implementing trade agreements and improving trade in the Caribbean: a case study.

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  • 1. INNOVATIONS IN EXTENSION AND ADVISORY SERVICES – LINKING KNOWLEDGE AND ACTION FOR FOOD AND LIVEHOODS, Nairobi, Kenya 15 – 18 November , 2011The Role of Extension inImplementing Trade Agreementsand Improving Trade in theCaribbean: An Illustrative Case study Manager – Research and Development Shridath Ramphal Centre (SRC) for International Trade Law, Policy and Services The University of The West Indies, Cave Hill, BARBADOS
  • 2. The Role of Extension In Implementing Trade Agreementsand Improving Trade in the Caribbean : An Illustrative Case Study Neil CA Paul
  • 3. The Role of Extension In Implementing Trade Agreementsand Improving Trade in the Caribbean : An Illustrative Case Study  Table 1: Balance of Trade between CARICOM  and Selected Countries (US$ 000) Trade Year Agreement into 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 force CARICOM 2008 -356.8 -480.8 -321.9 -712.6 -282.3 797.6 677.6 1,253.4 102.8 235.1 -EU CARICOM- 2004 -39.2 -47.7 -47.7 -64.8 -87.7 -63.0 -18.8 8.7 -33.3 59.2 Costa Rica CARICOM- 1998 92.2 -47.3 -76.8 6.2 -73.0 -197.8 -109.2 -142.7 -616.8 -108.4 DR CARICOM- 1995 -192.1 -86.9 -188.4 -156.7 -311.3 -380.2 -551.0 -627.2 -741.9 -184.0 Colombia CARICOM- 1992 -646.3 -594.8 -347.7 -360.2 -611.2 -819.3 -1,006.9 -1,584.5 -861.8 29.4 Venezuela  Source: International Trade Centre, Geneva, Switzerland Neil CA Paul
  • 4. The Role of Extension In Implementing Trade Agreementsand Improving Trade in the Caribbean : An Illustrative Case Study Why aren’t Firms in Caribbean Making Use of the Agreements Neil CA Paul
  • 5. The Role of Extension In Implementing Trade Agreementsand Improving Trade in the Caribbean : An Illustrative Case Study Table 2: Comparison of the Characteristics of Farmers and Small Firms in the Caribbean Characteristics Farmers Private sector Firms 1. Mainly conservative / conventional   2. Small scale of operations   3. Lack Innovativeness   4. Risk averse   5. Not information seekers   6. Suspicious Nature   7. High unit cost   8. Low level of Capitalization or   unavailability of Capital 9. Low level of Capacity   Source: Barbados Private Sector Trade team Neil CA Paul
  • 6. The Role of Extension In Implementing Trade Agreementsand Improving Trade in the Caribbean : An Illustrative Case Study Options In the Current situation 1. Research - Extension Paradigm (SRC -UWI) 2. Public sector - Extension Paradigm (Min of Trade) 3. Public/ Private Sector – Extension Paradigm i. Barbados Private Sector Trade team (BPSTT) ii. European Partnership Agreement (EPA) Implementation Unit Neil CA Paul
  • 7. The Role of Extension In Implementing Trade Agreements and Improving Trade in the Caribbean : An Illustrative Case Study Recommended Model CARICOM Ministry of Foreign UWI- Shridath Office of Trade Trade and Ramphal Centre Negotiations International (Trade Policy Res) Business Coalition of Chamber ofServices Industries Private Sector Commerce & Trade Team Industry Trade Extension Service Firms Firms Firms Neil CA Paul
  • 8. The Role of Extension In Implementing Trade Agreementsand Improving Trade in the Caribbean : An Illustrative Case Study Next Steps… THANK YOU !!!! Neil CA Paul