Bdos: T&T screwing the region over

While high-powered businessmen from Barbados and Trinidad and Tobago have expressed concern about regional structures to deal with trade disputes, Barbados says it has evidence the twin-island state has been exploiting its strengths to the detriment of the rest of the region.

This position was outlined by Minister of State in the Ministry of Foreign Affairs and Foreign Trade Kerrie Symmonds in an interview with BUSINESS AUTHORITY, following the latest efforts by Trinidad and Tobago to try to get Barbados to remove its licensing regime on regional imports.
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“What has been happening is that Trinidad and Tobago has sought to, in many ways, exploit certain sectoral strengths that its economy possesses to the detriment of the rest of region.

“We have evidence of this in the area of petroleum; we have evidence of this in the area of trade in goods and we have evidence of this in the area of air transport and on the question of fishing.”

In fact, the price at which the oil-rich nation offers liquified petroleum products to its CARICOM neighbours vis-à-vis the United States of America is now the subject of a dispute within CARICOM, with Jamaica seeking a legal opinion on the matter.