Sweden: A Hidden Gem for Caribbean Trade and Investment

Sweden: A Hidden Gem for Caribbean Trade and Investment

Photo courtesy: Caribbean Business Report

The Caribbean Exports Joellen Laryea has met with the Swedish Ambassador Anders Bengtcén, to explore potential trade bridges between the Caribbean and Sweden.

Sweden presents an interesting opportunity for some Caribbean businesses seeking new trade and investment opportunities.

Trade between CARIFORUM and Sweden is governed by the Economic Partnership Agreement (EPA) and has steadily increased over the period 2018- 2022.

The International Trade Centre (ITC) Trade Map reports that merchandise trade between CARIFORUM and Sweden increased by approximately 256% between 2018 and 2022. Albeit small quantities in the steady increase is encouraging.

The meeting noted successes with niche Caribbean products like Jamaican Blue Mountain coffee, Haitian cocoa, and Belizean turmeric at international trade shows like SIAL Paris, ANUGA, and the UK’s Speciality and Fine Food Fair.

The upcoming Caribbean Investment Forum in Guyana (July 10-12, 2024) will focus on three key areas where Swedish investment can significantly impact regional economies: digital transformation, green economy transition, and sustainable agriculture.

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