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Tuesday, September 12, 2006 

Thinking of Consultations on Private Sector Development, and Accession to EU Markets
There has been a great sense of urgency in reviving the talks/consultations on the CARIFORUM-EU Economic Partnership Agreement, see here.
As a matter of fact, when looking into these perspectives the importance liaised with Private Sector Development is a critical point in order to tackle the best policy mechanisms needed to harmonize the growth of local businesses, and on the same token to take into consideration the realities associated with the terms of some preferential treatments, when it comes to access to EU markets.

In the eyes of some Caribbean negotiators, it is important to address the concerns of local business owners with respect to the upcoming rounds of discussions with their EU counterparts.
It is clear that for policy-makers in the region, the growth of an SME sector goes a long way with a stable business environment, and this in two ways. First to impact upon the level and quality of development, and secondly to enable the construction of SMEs strategies documenting and reviewing the various growth constraints, and the policies needed to overcome those constraints.

Thus, issues that take to the forefront matters linked with the functioning of a legal system, the bureaucratic regulations, and the enforcement of intellectual property rights in order to better position growth, market expansions and competition.

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