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Topic: Brazil wants to become true CARICOM member

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Brazil wants to become true CARICOM member


ImageLeaders of Brazil and CARICOM are meeting in the Brazilian capital Brasilia, to discuss how they can raise their relationship to another level.



CARICOM is aware that the burgeoning might of Brazil offers the region an opportunity for both economic and aid.

In his address to the opening of the Brazil/CARICOM Summit, Luiz Inacio Da Silva, the Brazilian President, called on CARICOM countries to join Latin America in constructing what he called a new order of co-operation without external direction.

He said Brazil which has observer status in CARICOM wants to become a true partner with the Community.

He announced Brazil's decision to become a full member of thr Caribbean Development bank and to intensify co-operation with CARICOM in the areas of research and science and technology.

Ahead of the Summit, the Brazilian government released figures showing remarkable growth in trade with the 15 member grouping.

Trade rose from US$657 million in 2002 to US$5.2 billion last year, 85% of which is made up of exports from the South American giant, one of the four major bric emerging economies which also include Russia, India and China.

Facilitating CARICOM's integration into the global market

CARICOM wants to cut that massive deficit and Chairman, Roosevelt Skerrit, Prime Minister of Dominica, said the region's partnership with Brazil would help fuel trade between the bloc's members and other countries around the round.

"This bridge will help make available a trade route which will further the efforts of the CARICOM Single Market and Economy which is intended to provide the spring board to facilitate CARICOM's integration into the hemispheric and global environment through more competitive production, thereby enhancing our trade relations," Mr. Skerrit said.

One of the main issues of the Summit is the reconstruction of Haiti following January's devastating earthquake.

Brazil has pledged US$300 million in support.



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THIS WOULD STRENGHTING THE CARICOM

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good look

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Yea, good thing that

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