U.S. Embassy Bridgetown Supports Trade Facilitation Program Launch
U.S. Embassy Bridgetown is pleased to support the American Chamber of Commerce for Barbados and the Eastern Caribbean (AmCham BEC) in the launch of its trade facilitation program (TFP), in conjunction with the Inter-American Development Bank and the Association of American Chambers of Commerce in Latin America and the Caribbean (AACCLA).
Speaking at the ceremony for the TFP launch held at the University of the West Indies, Cave Hill campus in Barbados, U.S. Ambassador to Barbados, the Eastern Caribbean and the OECS, Dr. Larry Palmer urged the audience to give full support to the TFP, while making reference to the strength of AACCLA.
“AACCLA has become the premier advocate in facilitating business in the Americas. AACCLA‘s mission is to promote trade and investment between the United States and the countries of the region through free trade, free markets, and free enterprise. For nearly a century, American Chambers of Commerce (AmChams) have been the most influential voice of U.S. business across the world. AmCham BEC is not only the newest AmCham in the world, but it also has the distinct status of being the only multi-jurisdictional AmCham in the world covering the seven countries of Antigua and Barbuda, Barbados, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines,” noted Ambassador Palmer.
The TFP will be based on a regional company survey, which will assess the region’s priorities for trade facilitation. Using the results from that assessment, a unified customs approach will be developed to improve the flow of goods in the region. The final TFP will be implemented in three phases.
President of AmCham BEC Dustin Delany noted, “It is predicted that the project will significantly contribute towards building an active consensus among the private sectors of the region, support efforts to improve the competitiveness of the Caribbean economies, provide impetus to regional integration, and influence local policymakers and businesses to support policies to facilitate international trade.”