Caribbean Trade Deals Tracker

The Caribbean Community (CARICOM) represents 15 member states with combined GDP under $100 billion, making collective bargaining essential for meaningful trade access. Existing agreements include CARIFORUM with the European Union, various bilateral arrangements with the United States under the Caribbean Basin Initiative, and evolving relationships with Latin American trading blocs.

Most Caribbean nations maintain preferential access to the EU market for agricultural products, particularly bananas, sugar, and rum. However, these preferences have eroded over time as the EU pursues broader trade liberalization. The United States remains the largest single trading partner for most Caribbean economies, though formal free trade agreements remain limited to select nations.

China has emerged as a significant investor and trading partner, particularly in infrastructure and construction. This introduces new dynamics and potential dependencies that require careful navigation.

Several structural gaps limit Caribbean trade potential. First, intra-regional trade remains remarkably low, typically under 15% of total trade volume. Second, services trade agreements lag behind goods agreements, despite services representing the largest sector for most Caribbean economies.

Third, digital trade provisions in existing agreements are either absent or outdated. Fourth, investment protection frameworks vary widely between nations, creating uncertainty for potential investors. Fifth, dispute resolution mechanisms often favor larger trading partners with greater legal resources.

The absence of a comprehensive agreement with Canada represents a notable gap, given historical ties and Canadian investment presence in the region.

The global shift toward nearshoring creates opportunities for Caribbean nations positioned between North American and European markets. Enhanced air and sea connectivity could position the region as a logistics hub for time-sensitive goods.

Digital services present significant growth potential. Caribbean nations with strong English language skills, favorable time zones for North American clients, and improving internet infrastructure can compete for remote work opportunities in technology, customer service, and professional services.

Green transition investments offer another avenue. Caribbean renewable energy potential, particularly solar and offshore wind, could attract investment and create export opportunities for clean energy or green hydrogen.