Caribbean Report 25-06-1992



Table of Contents

1. Headlines (00:00-00:36)
2. Jamaica’s Minister of Production Mining and Commerce, Carlyle Dunkley shares his doubts with correspondent Sandra Baptiste that CARICOM can deliver its promised single market by year end (00:37-02:53)
3. Regional Economist Atherton Martin addresses the issue of reducing the Common External Tariff (CET) expressing the belief that this would make Caribbean countries undesirable to other NAFTA members (02:54-04:46)
4. St. Lucia’s Prime Minister John Compton supports Jamaica’s call for a reduction in the CET, calling the move good economic sense during his budget speech. An interview with Atherton Martin follows in which he disagrees, maintaining that this would negatively affect smaller regional economies (04:46-10:34)
5. As the US House of Representatives votes on the continuity of debt relief to the Caribbean region as a component of the America’s Initiative, Jamaican Ambassador to the US, Dr. Richard Bernal expresses dismay that his lobbying efforts may be failing (10:35-13:20)
6. Legal action is being taken by Price Waterhouse for the return of documents seized by the Royal Cayman Islands Police. Police Commissioner, Alan Ratcliffe reports that the raid follows a yearlong joint investigation into the Bank of Credit and Commerce International for whom Price Waterhouse provides accountancy services (13:21-14:06)
7. The newly formed European Banana Traders Association wants to meet with both EC Ambassadors and representatives from the African, Caribbean and Pacific States before making its proposals regarding the sharing of the banana market (14:07-14:44)