Showing posts with label developing. Show all posts
Showing posts with label developing. Show all posts

Wednesday, February 4, 2015

Japan praised for developing Caribbean fisheries sector

Tuesday, February 03, 2015 | 12:43 PM    

BELMOPAN, Belize (CMC) – The executive director of the Belize-based Caribbean Regional Fisheries Mechanism (CRFM), Milton Haughton, has praised Japan for its support to the regional fishing industry over the past 20 years.

“The fact that Japan has been willing and steadfast in contributing so generously to promote sustainable use of marine resources in the CARICOM (Caribbean Community) countries, even in these challenging economic times, is in my opinion, a true reflection of the special bond of friendship and importance that Japan attaches to our relationship,” Haughton said.

“Over the past 20 years, Japan has emerged as the major contributor toward the development of the fisheries sector at the bilateral level within the Caribbean.

“Japan has been providing vital and substantial support in upgrading and improving the artisanal fishing fleet; fishing ports and other shore-based infrastructure for storage, processing and marketing of fish; as well as provision of training in gear technology, processing and quality assurance, resource management and conservation of fisheries,” Haughton added.

The 20-year partnership between Japan and CARICOM culminated with a series of in-country seminars in six regional countries, which discussed national level interventions supported by Tokyo, with presentations on the successes as well as the challenges.

Over the past 20 years, Caribbean countries have benefitted from the development and expansion of trade in fish and fishery products by CARICOM member states; the construction of port facilities for fishing boats, and fresh fish markets as well as training attachments of fisheries personnel in Japan.

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Japan praised for developing Caribbean fisheries sector

Wednesday, July 24, 2013

Caricom head wants greater assistance for developing countries

NEW YORK, USA (CMC) — The seventh general meeting of the Caribbean Community (Caricom), its associated institutions and the United Nations began here yesterday with Caricom Secretary General Irwin LaRocque underscoring the importance of providing aid to developing countries like those in the Caribbean to ensure their future socio-economic development.

In addition, La Rocque, who said the forum provides an excellent opportunity for discussions on issues of benefit to Caribbean people, also urged the world community to assist in the fight against crime which he said was strangling the Caribbean’s development.“Secretary General Ban Ki-Moon, with the current global events, all of which demand your attention, it is heartening that our Caribbean Community’s biennial encounter is of sufficient importance to ensure your presence,” LaRocque said, noting that the 15-member grouping placed much importance on the deliberations.“These biennial meetings are not merely ritual encounters or polite engagements, but are vital working sessions in which discussions are of necessity, strategic, pragmatic, forward-looking and results-oriented.“The meetings provide an excellent opportunity for regional and international technical experts, who are well informed and well positioned, to exchange views, diagnose current cooperation and to identify concrete projects in specific priority areas which will yield results on the ground, ensuring tangible benefits to the citizens of the Caribbean Community.”LaRocque said that the meeting was taking place at a time when the world is contemplating the future beyond the global development compact represented by the Millennium Development Goals (MDGs).He noted that Antigua and Barbuda’s diplomat, John Ashe, was also assuming the presidency of the 68th Session of the UN General Assembly beginning next month that will be crucial in setting the stage for the launch of the post-2015 agenda.“We have a great interest in developments in relation to its elaboration, and our Community will take an active role in the deliberations with a view to ensuring that the region’s interests are adequately and effectively addressed.“We seek an integrated, comprehensive and flexible Development Agenda building on the lessons learned from the MDGs and which is responsive to the diverse development realities with which individual countries and regions are confronted.”LaRocque said that one of the critical areas in which the UN and Caricom have forged an enduring and important partnership is citizen security, which he described as “an issue of paramount concern to the Caribbean Community”.He said such are the dimensions of the scourge of crime and insecurity in the region that Caricom leaders have made security the fourth pillar of the Community.“Caricom joined the global family of nations earlier this year, under the auspices of the United Nations, to adopt a landmark agreement, the Arms Trade Treaty.“For us in the Caribbean, the stemming of the illegal trade in arms, and in particular Small Arms and Light Weapons, is of paramount importance. Such illegal trade, in which the Caribbean finds itself a vulnerable transiting point, is wreaking havoc in our small communities, terrorising neighbourhoods, claiming innocent lives, and compromising our economies by undermining our investment climate and socio-economic development efforts. “LaRocque said that Caricom fully understands that crime in the Caribbean cannot be solved by such interventions alone and must do its part to help itself and has since developed a targeted strategy to address the issue.“The 2013 Caricom Crime and Security Strategy is an important weapon in the Caribbean arsenal to fight the war against crime and I look forward to the UN’s full support in its implementation including through the long- awaited re-opening of the UN Office on Drugs and Crime in Barbados.”In his address, the region’s top public servant said that development threats come in many forms, and even as the Caribbean grapples with those posed by crime, it grapples too with the effects of a protracted global financial and economic crisis that holds many of its small developing economies in a near stranglehold.He said small economies like those of Caricom have structural and institutional characteristics which increase their vulnerability to external events and limit their capacity for adjustment.“This situation is exacerbated by onerous debt, and graduation from access to concessionary development funding based on criteria, such as GDP (gross domestic product) per capita, which do not take due account of vulnerability.“The resulting prognosis for Caricom’s economic resilience is unfavourable. Our member states are, however, firm in their commitment that the Caricom Single Market and Economy is the best means to attain sustainable development in the region.”LaRocque said that the recently held Caricom summit in Trinidad and Tobago provided an avenue for the regional leaders to discuss a framework to generate economic growth and development and in so doing recognised the need to pursue a development path which engenders inclusiveness of all stakeholders.He said that path should also lift the knowledge base, innovation capability, and entrepreneurial capacity of the region’s people to engage in competitive, higher value-added economic activities.“However, while these undertakings must be Caricom-owned and driven, they can only be realistically achieved if Caricom can examine, adapt and adjust global best practices to its needs, and benefit from the kind of international expertise and support that international organisations, such as the UN and its agencies, can offer. “He told the conference that climate change was also another matter of relevance to the region’s development, adding that as Caricom pursues its development agenda, it is obliged to factor in what for many seems like an abstract threat, “but what for us is a lived, fearsome reality”.“I refer here to the effect of climate change and the related phenomena of sea level rise, increasing oceanic temperatures, and increased and more intense weather events. The Community’s advocacy regarding the implications of these intertwined phenomena on the socio-economic and fragile physical environment of the low lying island and coastal states of Caricom is a fight for our very survival. “LaRocque said the region’s call for reliable, accessible, and sufficient climate financing, through mechanisms such as the UNFCC Green Climate Fund to allow it to build capacity to adapt and mitigate, is a critical factor in our pursuit of sustainable development.“It is essential for Caricom, in pursuit of its goals, to engage in strategic alliances and sound negotiating and lobbying strategies. It also needs to have access to credible expertise, which the UN through its relevant institutions has been pivotal in providing.“We count on that continued support as Caricom prepares to participate in the Third International Conference for Small Island Developing States (SIDS) in Samoa in September next year. “He said another key area for Caricom is non-communicable diseases (NCDs) recalling that the UN High Level Meeting convened in September 2011 at the initiative of the regional grouping had focused global attention on the scourge that NCDs represents.“The assistance and expertise of PAHO/WHO (Pan-American Health Organisation/World Health Organisation) contributed greatly to the success of the initiative which culminated with the adoption of a Political Declaration on the Prevention and Control of NCDs. Continuing multi-sectoral action is required for the implementation of the Political Declaration and for the preparation of the comprehensive review in 2014.“It is our understanding that all UN Resident Coordinators, by a joint communication of UNDP and WHO, have been mandated to ensure that the UN System gives priority to supporting implementation of the Political Declaration. This is deeply appreciated.“In the Caribbean, we look forward to the coordination of the efforts of the UN System by UNDG LAC, a commitment made when it visited the Caricom Secretariat last November. In this regard, a UN inter-agency support group in the Caribbean would be useful,” LaRocque added.LAROCQUE… small economies like those of Caricom have structural and institutional characteristics that increase their vulnerability

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Caricom head wants greater assistance for developing countries

Friday, June 28, 2013

FDI to developing countries declined in 2012

JAMAICA and other developing countries absorbed more than half of the world’s foreign direct investments (FDI) — a total of US$703 billion — last year.

But, although the FDI flows to those nations were the second highest recorded, the figure actually reflects a decline by four per cent, according the 2013 World Investment Report. Overall global FDI inflows fell by 18 per cent to US$1.35 trillion last year.Consequently, recovery to more vigorous investment levels will take longer than expected, mainly due to global economic fragility and policy uncertainty, said United Nations Conference on Trade and Development (UNCTAD) in its report on investment trends.UNCTAD forecast FDI in 2013 to remain close to the 2012 level, with the upper range of US$1.45 trillion, as macroeconomic canditions improve and investore regain confidence in the medium term.Based on the weak global economy, there is therefore a clear indication that investors are looking for policy stability when seeking locations for setting up their businesses overseas, said Milton Samuda, chairman of Jampro.“There is a strong relationship between the number of external companies or transnational corporations (TNCs) operating in a country and the opportunities that country has for developing linkages with global value chains,” Samuda said Wednesday at the launch of the report at Jampro’s offices in New Kingston.Policies that attract TNCs to make developing countries, such as Jamaica, more integrated in their value chains can be considered.According to the report, TNCs are forecast to convert their record levels of cash holdings into new investments.“FDI flows may then climb to US$1.6 trillion in 2014 and US$1.8 trillion in 2015,” said UNCTAD.Jamaica’s FDI performance last year increased by 66 per cent over the prior year.The improvement was likely due to investments in major growth industries such as the business process outsourcing and tourism sectors, namely by Sutherland Global, Hinduja and Memories White Sand.Other FDI flows facilitated by the Jampro include a 100,000 square feet facililty by Vista Print in Montego Bay as well as an upgrade and expansion undertaken by telecommunications company, Columbus Communications (which operates in Jamaica as Flow).Inflows to the Caribbean and Latin America as well as Asia remained at historically high levels. Nevertheless, their growth momentum weakened, said UNCTAD.Meanwhile, foreign investments are growing in the weaker economies — least developed countries and those that are developing.“Despite these positives for the developing world, we must remain vigilant in shaping and attracting the type of investments that will always augur best for our country’s development,” Samuda said.(From left) Milton Samuda, chairman of Jampro, shares a moment with Anthony Hylton, minister of Industry, Investment and Commerce, and David Martin, general manager of JP Tropical Foods, Jamaica Producers Group at Wednesday’s launch of the World Investment Report at Jampro’s office in New Kingston. (PHOTO: JOSEPH WELLINGTON)

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FDI to developing countries declined in 2012