SLYOU Magazine Issue 1 | Page 12

• Ministers were apprised about the current status of the foundation part of the negotiations and identified matters of continuing concern, looking at the regional component of the ACP Post- Cotonou matters, and advised on strategies and priorities for the Caribbean involvement in the negotiations. • Ministers were apprised about how such funding is being used, what successes and failures have resulted, what challenges were experienced, what projects have been approved, and what arrangements will be made for the implementation of these projects. “In looking at the EPA, we still continue to ask from time to time whether it is yielding the benefits that have been anticipated,” Marie said. “We continue to ask that question while we try to implement as much as we can to take advantage of the opportunities that are created under that particular agreement.” • Ministers agreed to meeting with the European Commissioner for Development, the EU’s chief negotiator of Post-Cotonou, on April 15 in Jamaica. Immediately preceding that meeting was an internal caucus of CARIFORUM Ministers to plan and strategize. • The implementation of the CARIFORUM-EU Economic Partnership Agreement was also discussed, recognizing that the second five-year review is due by next year. Ministers gave instructions on preparations that had to be undertaken for CARIFORUM to ensure that it promoted its positions and protected its interests in that second five-year review. Saint Lucia’s deep ties with the French departments – Martinique and Guadeloupe — and the British and Dutch Overseas Territories and countries in the region was also discussed. Both French departments are Associate Members of the sub- regional grouping, the Organization of Eastern Caribbean States (OECS), and have taken the lead on critical regional matters, including health and climate change. • Ministers also received a status report on how the current agreement was being implemented. “We looked at what was being done to deepen and expand that relationship,” Marie stated. “The Ministers agreed that further work would be done and that there would • Ministers discussed greater CARIFORUM-EU development cooperation, especially with the EU being the largest single donor of grant financing to the region. Under the 10th European Development Fund (10th EDF), 324 million Euros has been pledged to the region. 10 SL-YOU | Business, People & Lifestyle www.slyoumag.com | July-August 2019