Wednesday 4th April, 2018 – The Minister of Trade and Investment has called for “pragmatic approach to sustainable development” throughout the region in the face of a possible trade war among some of the World’s powerful nations.
The Hon. Asot Michael, speaking at the opening of a three-day workshop organized by the Caribbean Export Development Agency in cooperation with the European Union, underscored the importance of trade and industrial activity. But he noted that the two important pillars are being threatened by the recent spat between industrialized nations.
Minister Michael who warns that the region can be directly impacted from the trade war wants attention to be given to ways in which the sub-region and the Caribbean by extension can withstand the possible effects that can result from such trade wars.
Minister Michael says it is imperative for small island states to protect their “home grown niche strategies” in the interest of their peoples, calling for dialogue from the international community rather than unilateral decisions that sometimes prove unpopular with many.
He told the workshop convened to train Country Advisors on the Direct Assistance Grant Scheme that the government intends to grow the productive sectors in Antigua and Barbuda through the granting of incentives.
Trade and Investment Minister, the Hon. Asot Michael.
The Direct Assistance Grant Scheme is a reimbursement grant funding facility specifically designed to provide financial assistance to legally registered firms and individuals with the potential to export their products and services. Under the new DAGS programme, grants from a minimum of 10,000 Euros and to a maximum of 50,000 Euros are available to CARIFORUM firms.