Dominica signs Regional Procurement and Assets Recovery Agreements

Dominica’s Prime Minister Mr Roosevelt Skerrit signed his country on to two important regional agreements on the side-lines of the 31^st Inter-Sessional Meeting of CARICOM Heads of Government at the Lloyd Erskine Sandiford Centre (LESC) in Barbados, Wednesday.

These are:

• The Protocol on Public Procurement for the Caribbean Community, which gives individuals and firms the
  opportunity to bid for public sector contracts in all
  CSME-participating Member States on the Regional Procurement Notice
  Board. The Protocol is aimed at creating the necessary competitive and
  non-discriminatory conditions to facilitate the achievement of best
  value for money, while also providing access to a single market with
  regional sales. Dominica brings the number of signatories to the five
  required to bring the Protocol into effect. The other signatories are
  Antigua and Barbuda, Barbados, Belize and St. Vincent and the
  Grenadines.
• The Agreement on the Return or Sharing of Recovered Assets,
  which is intended to strengthen regional cooperation in this area by
  establishing a framework for the return or sharing of illicitly acquired
  proceeds that have been confiscated. The Agreement also facilitates the
  provision of assistance to victims of money laundering and increased
  financing for regional security institutions.