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CARICOM-Canada negotiations to miss June deadline

Published:Friday | May 16, 2014 | 2:21 PM

Negotiations for a Canada-CARICOM Trade Agreement appear to be headed for a seventh round as there are still major differences between the parties on critical issues.



The negotiations were discussed at the recently concluded Meeting of the CARICOM Council for Trade and Economic Development.



A June deadline was set for completion of the talks.



However, Foreign Trade Minister, A.J. Nicholson reported to the Senate this morning that based on the areas of difference this seems unlikely.



He explained that Canada is pushing for CARICOM to commit to greater reduction of tariffs, while CARICOM wants more generosity from Canada in relation to development support and the modalities for service and investment.



However, Senator Nicholson said CARICOM is committed to reaching an agreement with Canada which is beneficial to the entire Caribbean.



He says CARICOM is already preparing for a seventh round of talks.



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