Just when you thought that that the Economic Partnership Agreement
(EPA) between the European Union and CARIFORUM-which includes the
Caribbean Community (CARICOM) and the Dominican Republic, was
nailed down, some Caribbean countries are having second thoughts. Guyana,
Grenada and St. Lucia have indicated that they will not sign the agreement
slated for September 2nd because Caribbean countries have gotten the wrong
end of the stick, and free trade is not, well, entirely free.
It’s been almost four years since CARIFORUM, through the Caribbean
Regional Negotiating Machinery, started negotiations with the EU. In the
beginning, EPA was hailed as a milestone by some legislators, some of whom
are now calling for renegotiation. James Paul, a Barbados legislator, and
initially a big supporter of the deal, recently came out against EPA calling it a
“bad deal.”