CARICOM working to tackle tariff crisis
The tariff crisis facing the region is going through some of its most challenging times. With the region heavily reliant on imports, Chair of CARICOM, Prime Minister Mia Amor Mottley, says this forms part of the region’s legacy of its colonial dependence. But she notes that Heads of State and Heads of Government have been working to diversify away from that dependence. Prime Minister Mottley stresses that the Caribbean economies are not so large and have always been at the whims of global prices. She says CARICOM leaders can lower tariffs to zero, but it will not make a difference because the region’s economies are small and vulnerable.