Caribbean boosts trade to US and China

BBN Staff: A new report from the Inter-American Development Bank (IDB), released on Monday, indicates that exports from Latin America and the Caribbean to the United States and China have increased by an estimated 13 percent in 2017 and total nearly US $985 billion.

 

According to the IDD report titled “Trade Trend Estimates for Latin America and the Caribbean”, the growth is led by increased exports to China, up 30 percent, and to the US, up 10 percent.

 

The Caribbean’s exports grew by 11 per cent, a stark contrast with the 17.6-per cent contraction of 2016.

According to the report, the Caribbean countries that took advantage of the new markets were the Bahamas, Barbados, Belize, Guyana, Haiti, Jamaica, Suriname and Trinidad and Tobago.

The IDB said the increase in demand from Asia, particularly benefited South American exports and to a lesser extent the Caribbean’s.

 

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