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TOURISM SERVICES LIBERALIZATION IN THE CARIBBEAN-EUROPEAN EPA NEGOTIATIONS

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In Barbados, collaboration between the public and private sectors successfully secured better tourism trade conditions than that afforded by the World Trade Organization's General Agreement on Trade in Services. The Economic Partnership Agreement (EPA) between the CARIFORUM Group of African Caribbean Pacific countries and the European Union (EU) represented enhanced and new market access opportunities for CARIFORUM investors and service providers in the tourism industry in the EU market. The outcomes of this process demonstrate that the private sector in developing countries, including small and vulnerable economies, can reap significant rewards from the adoption of a proactive approach to and early engagement in trade negotiations.

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