St. Vincent and the Grenadines were among Caribbean countries who signed news trade pact with the United Kingdom (UK).
UK businesses and consumers will benefit from a trade continuity agreement maintaining current arrangements with countries in the Caribbean soon after Britain leaves the European Union.
Trade Policy Minister, George Hollingbery signed the CARIFORUM-UK Economic Partnership Agreement (EPA) on Friday March 22 with Ministers and representatives from the Caribbean countries.
The agreement will allow these businesses and many others across the Caribbean to trade like they do now, without any additional barriers or tariffs.
It eliminates all tariffs on all goods imported from the signing CARIFORUM States into the UK, while those Caribbean states will continue gradually to cut import tariffs on most of the region’s imports from the UK.