CARIBCAN

GAME TIME!!

Candy Trade Trivia

• Divide the class into two (2) groups.
• Each group gets two bowls.
• Straws are used to move the duty-free goods to the Canadian market.
• For each duty-free good carried to the Canadian market, the team invests $100. Each group is started off with $500.
• You have two (2) minutes to get as many duty free goods in the Canadian market.
• After the trade, eight (8) questions on Caribcan will be asked worth $50 each.
• The team with the most money invested wins.
• Good luck!

RECAP!!

Features of the Agreement

• Provides seminars for businesspersons of the Caribbean region
• helps to expand exports capabilities by Caribbean businesses
• The Canadian Department of Industry and Technology assists in regional trade for the Caribbean

Objectives of CARIBCAN

• To enhance the Commonwealth Caribbean's existing trade and export earnings
• To improve the trade and economic development prospects of the region
• To promote new investment opportunities
• To encourage enhanced economic integration and cooperation within the region

What is CARIBCAN?

History of CARIBCAN

According to the Ministry of Foreign Affairs & International Trade, there has been a history of trading between the Caribbean and Canada since the two areas of the Americas were held under British colonist rule. There have been trade agreement between the Caribbean and Canada through the majority of the 20th century. A trade treaty was established between both countries in 1912 followed by an agreement between the Commonwealth Caribbean and Canada in 1925.

The Caribbean-Canada Trade Agreement is a Canadian Government programme established in 1986. This programme was designed by the Parliament of Canada to promote trade and investment. The agreement also provides industrial cooperation through the preferential access of duty-free goods from the Commonwealth Caribbean countries to the Canadian market.

CARIBCAN

Caribbean-Canada Trade Agreement

Countries in CARIBCAN

What the agreement does NOT cover

• Textiles & Apparel
• Footwear
• Luggage & Handbags
• Leather garments
• Lubricating oils
• Methanol

• Jamaica
• Montserrat
• St. Kitts & Nevis
• St. Vincent & the Grenadines
• The republic of Trinidad & Tobago
• The Turks & Caicos Islands
• St. Lucia

• Anguilla
• Antigua and Barbuda
• The Bahamas
• Barbados
• Bermuda
• The Cooperative Republic of Guyana
• Belize
• British Virgin Islands
• Cayman Islands
• The Commonwealth of Dominica
• Grenada

Future of CARIBCAN

HISTORY/FUTURE OF CARIBCAN

The agreement is in the process of being replaced by a full composite Caribbean-Canada Free Trade Agreement.