Expanding African-Caribbean Trade
Africa and the Caribbean have more than $1 billion in export potential across a range of goods and services sectors. By tackling trade barriers and channelling investments into sectors with growth potential, such as agrifoods and fertilizers, Africa could increase its merchandise exports to the Caribbean by 54% by 2026. The Caribbean, in turn, could boost its goods exports to Africa by 29% – and its services exports even more.
Exploiting their export potential would allow the two regions to strengthen and diversify their trade ties in times when new partnerships are needed to address the economic consequences of global crises.