Economist and Finance Expert Professor Justin Robinson is warning that Barbados and the Caribbean are facing multiple threats now that the multilateral trading system has been severely disrupted by a United States (US) hike in tariffs.
He is advising governments and businesses in the region to urgently respond to the expected fallout by establishing a strategic framework for resilience that is focused on diversified export markets, strengthened intra-Caribbean trade agreements, targeted import substitution, and accelerated digital service exports and transformation.
The University of the West Indies Pro Vice-Chancellor, Academic, Industry Partnerships and Planning and Central Bank of Barbados board director said that in Barbados’ case the value of these strategies was known for some time, and now needed to be prioritised.
Robinson was the featured speaker yesterday when Barbados-based investment company JMMB International’s held its first thought leadership breakfast at Ocean 2 Beach Club and Spa, Dover, Christ Church.
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