GEORGETOWN, Guyana, CMC – There has been a “significant” increase intra regional trade in 2011, according to the Guyana-based Caribbean Community (CARICOM) Secretariat.
It said that intra-regional trade in CARICOM has been positive with significant growth in the early period of the integration movement “and with the share of intra-regional to total trade increasing, on average, in the face of exogenous factors”.
It said that despite a dip in 2009, the increase in trade in 2011 was approximately 30 times the amount of US$0.1 billion in 1973, showing that intra-regional trade has been propelled as a consequence of integration. Trinidad and Tobago has been the region’s dominant exporter.