Caribbean Report 16-02-1990

Abstract

The program features the agreement on the second phase of the Caribbean Basin Initiative designed to enhance trade between the Caribbean and the United States. In its final stage, the agreement faces major challenges including the Caribbean’s demand for improved sugar quotas and issues in the textile industry. Secondly, according to Otto Stalinski, a banana marketing consultant in the Dominican Republic, unless the Caricom banana producing states cut costs and improve the production quality, they will be unable to compete in the united European market after 1992. Following the Financial News, the report focuses on the massive demonstration of the Summit of National Organisations in Port of Spain against the government’s enforcement of IMF and World Bank conditionality. It also covers stories of Caribbean interest appearing in the British press. The report concludes with the second one-day international cricket match between the West Indies and England scheduled to be played in Port of Spain following the abandonment of the first one-day match due to rain.