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OFFICE OF TRADE NEGOTIATIONS




                                     Press Release
2nd Floor, PCJ Building                                 1st Floor, Speedbird House
36 Trafalgar Road                                       Independence Square
Kingston 5, JAMAICA                                     Bridgetown, BARBADOS


           OTN Press/News Releases are available on the OTN’s website at www.crnm.org

Contact:
Marsha Drakes, Tel: (246) 430-1678
marsha.drakes@crnm.org



For Immediate Release:                                                     No. 01/2011
March 17, 2011

                          CANADA WILL BE THE STAGE OF THIRD ROUND

BRIDGETOWN, BARBADOS – The Third Round of Negotiations of a Trade and Development
Agreement between CARICOM and Canada will be held in Ottawa, Canada on 4-8 April
2011.

Consistent with the agreement struck between both Sides during the Second Round of
Negotiations, this Round will launch substantive textual negotiations. In this regard,
CARICOM has submitted draft text proposals on Rules of Origin; Transparency in
Government Procurement; Safeguards; Agriculture and Fisheries; Alcoholic Beverages;
Technical Barriers to Trade; Sanitary and Phytosanitary Measures (SPS); Facilitation of
Business Persons; and Dispute Avoidance and Dispute Settlement. These draft text
proposals have been approved by the Council for Trade and Economic Development
(COTED). CARICOM also expects to table its text proposals on Development Cooperation
and Services and Investment during the Round.

Prior to the commencement of the Round, the Region will be finalizing its technical
preparations with the convening of a Services and Investment Technical Working Group
(TWG) Meeting on 21-25 March, 2011. Final technical preparations for the upcoming
Round in other subject areas were also undertaken earlier this year in Barbados. The second
meeting of the TWG on Trade Related Issues was convened on 8-9 February, 2011, and the
third TWG meeting on Institutional Issues and Dispute Settlement was convened on 10-11
February, 2011.

The textual discussions expected during the third Round should help both Sides to more
clearly identify the emergent areas of mutual interest. The results from the third Round may
also likely inform the scope of discussions during a planned two day event that will bring
together the private sectors from both Sides later this year. This Private Sector Business
Forum, considered an important activity under CARICOM’s calendar during these
negotiations, is designed as part of CARICOM’s overall development thrust to strengthen
the trade and investment opportunities of the regional business sector.

Building on former similar initiatives such as the CARICOM-Canada Business Forum held
in November 2008 in Trinidad and Tobago, the upcoming Business Forum which will be
held in Canada, is expected to foster greater synergies and deepen dialogue between the
Canadian and CARICOM business sector. Furthermore, by bringing together key actors,
umbrella organisations, sectors and other interest groups from within the CARICOM and
Canadian business sectors, it is hoped that the event will result in the identification of
tangible business opportunities between CARICOM and Canada. Discussions during the
Forum will also help to shape the negotiating emphases and technical direction of the
negotiations in future Rounds and by so doing, complement the political and technical
directorship of the negotiations.




                                           ****

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OTN Press_Release March 17 2011 - Third Round of Negotiations for CARICOM-Canada

  • 1. OFFICE OF TRADE NEGOTIATIONS Press Release 2nd Floor, PCJ Building 1st Floor, Speedbird House 36 Trafalgar Road Independence Square Kingston 5, JAMAICA Bridgetown, BARBADOS OTN Press/News Releases are available on the OTN’s website at www.crnm.org Contact: Marsha Drakes, Tel: (246) 430-1678 marsha.drakes@crnm.org For Immediate Release: No. 01/2011 March 17, 2011 CANADA WILL BE THE STAGE OF THIRD ROUND BRIDGETOWN, BARBADOS – The Third Round of Negotiations of a Trade and Development Agreement between CARICOM and Canada will be held in Ottawa, Canada on 4-8 April 2011. Consistent with the agreement struck between both Sides during the Second Round of Negotiations, this Round will launch substantive textual negotiations. In this regard, CARICOM has submitted draft text proposals on Rules of Origin; Transparency in Government Procurement; Safeguards; Agriculture and Fisheries; Alcoholic Beverages; Technical Barriers to Trade; Sanitary and Phytosanitary Measures (SPS); Facilitation of Business Persons; and Dispute Avoidance and Dispute Settlement. These draft text proposals have been approved by the Council for Trade and Economic Development (COTED). CARICOM also expects to table its text proposals on Development Cooperation and Services and Investment during the Round. Prior to the commencement of the Round, the Region will be finalizing its technical preparations with the convening of a Services and Investment Technical Working Group (TWG) Meeting on 21-25 March, 2011. Final technical preparations for the upcoming Round in other subject areas were also undertaken earlier this year in Barbados. The second
  • 2. meeting of the TWG on Trade Related Issues was convened on 8-9 February, 2011, and the third TWG meeting on Institutional Issues and Dispute Settlement was convened on 10-11 February, 2011. The textual discussions expected during the third Round should help both Sides to more clearly identify the emergent areas of mutual interest. The results from the third Round may also likely inform the scope of discussions during a planned two day event that will bring together the private sectors from both Sides later this year. This Private Sector Business Forum, considered an important activity under CARICOM’s calendar during these negotiations, is designed as part of CARICOM’s overall development thrust to strengthen the trade and investment opportunities of the regional business sector. Building on former similar initiatives such as the CARICOM-Canada Business Forum held in November 2008 in Trinidad and Tobago, the upcoming Business Forum which will be held in Canada, is expected to foster greater synergies and deepen dialogue between the Canadian and CARICOM business sector. Furthermore, by bringing together key actors, umbrella organisations, sectors and other interest groups from within the CARICOM and Canadian business sectors, it is hoped that the event will result in the identification of tangible business opportunities between CARICOM and Canada. Discussions during the Forum will also help to shape the negotiating emphases and technical direction of the negotiations in future Rounds and by so doing, complement the political and technical directorship of the negotiations. ****