Chief Executive Officer and Technical Director of the CARICOM Private Sector Organization, Dr. Patrick Antoine, has proposed addressing trade inefficiencies as a key strategy to mitigate the potential impact of the impending 10?seline tariff on regional exports to the United States.
Speaking at a Business Breakfast Forum in Montego Bay on Tuesday, Dr. Antoine noted that CARICOM is facing a potential fallout of approximately $542.3 million per annum, consequent on proposed implementation of the baseline tariff.
This is according to a CPSO study, conducted across Caribbean nations.
Dr. Antoine noted that by addressing trade inefficiencies, the Caribbean could unlock substantial cost savings across key sectors.
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