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TT government questions France decision to blacklist CARICOM country

PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government is questioning the decision by France to blacklist the oil-rich twin island republic over claims that Port of Spain does not help investigate foreign aid fraud. Paris this week announced that Trinidad and Tobago and Dominica were the only two Caribbean Community (CARICOM) countries included in the list of nations.

France blacklists T&T, Dominica for not probing foreign aid fraud

GEORGETOWN, Guyana - France has drawn up a blacklist of 17 countries including Trinidad and Tobago and Dominica for not investigating foreign aid fraud, banning the use of their banks in the distribution of development funds. Agence France-Presse (AFP) yesterday reported that in addition to the Caribbean countries, Switzerland, Lebanon, Panama, Costa Rica, the United Arab Emirates, Liberia and Vanuatu have been added to the list.

Central Bank comments on OECD report

BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados says a recent report issued by the Organisation for Economic Co-operation and Development (OECD) is raising many “difficult issues not least of which is the need for an international coordinated approach on the rights to tax”. The Central Bank in a comment on the OECD “Addressing Base Erosion and Profit Shifting (BEPS)” report said it notes the ongoing work of the Paris-based organisation of 34 countries founded in 1961 to stimulate economic progress and world trade. The Central Bank said that BEPS report raises many difficult issues and

CDB reviews development challenges

GEORGETOWN, Guyana - The 43rd annual meeting of the Caribbean Development Bank (CDB) Board of Governors in St Lucia last week, had the aura of a stocktaking of the state the region’s economies, in a context of persistent difficulty being experienced by many of the member countries. Speeches by both Prime Minister Kenny Anthony, as host Chairman of the meeting and Dr Warren Smith, the President of the Bank, gave voice to what is a general concern in the region.

US-China and CARICOM ties

PORT OF SPAIN, Trinidad - TRINIDAD and Tobago’s importance to the two most economically powerful countries of the world is being fully displayed this week by virtual back-to-back official visits, first by US Vice-President, Joseph Biden, then by the People’s Republic of China’s President, Xi Jingping. For those revealing political innocence about these carefully choreographed visits to a small island state, best known internationally for its pace-setting profile in steelband music and calypso, think of oil and natural gas resources and the puzzle quickly clears up. As the sole energy-based an

PM to approach US Vice President on gaming dispute

ST JOHN’S, Antigua – Prime Minister Baldwin Spencer is hoping US Vice President Joe Biden can help expedite a resolution to the decade-long gaming dispute between Antigua & Barbuda and the economic giant. Joe Biden and CARICOM leaders have been meeting in Trinidad since Tuesday and Spencer said he’d personally raise the issue with him on the sidelines of the talks. “I am hoping that when I have the opportunity to meet the vice president of the United States … we will use that opportunity to raise the matter once again and to let the vice president get a real sense of where we are on this m

Dominica PM says island will soon join Caribbean Court of Justice

ROSEAU, Dominica, CMC – Dominica will send a letter to the British government next week seeking permission to recognise the Trinidad-based Caribbean Court of Justice (CCJ) as its final court, replacing the London-based privy Council, Prime Minister Roosevelt Skerrit has said. “Once we satisfy the Constitutional requirements we will go forward.

T&T, US sign deal on ‘clean’ energy

PORT OF SPAIN, Trinidad - Trinidad and Tobago and the United States Department of Energy have signed a Memorandum of Understanding to facilitate cooperation on scientific, technical and policy aspects of energy efficiency and clean energy technologies through the exchange of ideas and information. The MOU commits both countries to establish a Renewable Energy Research centre, to be located at the St Augustine Campus of The University of the West Indies.

Concerns over rum subsidies

PORT OF SPAIN, Trinidad - Rum was on the agenda for Caricom leaders as they used yesterday’s visit by United States Vice-President Joe Biden to Trinidad and Tobago to highlight concerns about the impact of US rum subsidies to Puerto Rico and the US Virgin Islands. “The most contentious issue is rum subsidies to Puerto Rico and the US Virgin Islands.

Caribbean leaders hold “frank and cordial” talks

PORT OF SPAIN, Trinidad, CMC – United States Vice President Joe Biden Tuesday held “frank and cordial” talks with Caribbean Community (CARICOM) leaders and pledged Washington’s assistance on a wide range of issues affecting the socio-economic development of the of the 15-member regional grouping. “I want to thank you all for the important discussions...but more importantly for the frankness and directness we were able to engage in.
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