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CARICOM, Korea Formalize Decade-Old Friendship

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Guyana, June 15, 2017 – Turkeyen, Greater Georgetown – The Caribbean Community (CARICOM) and the Republic of Korea earlier today formalized a decade-old friendship with the accreditation of the first non-permanent Plenipotentiary Representative of the East Asian country to CARICOM.

Deputy Secretary-General of CARICOM, Ambassador Manorma Soeknandan accepted the Letter of Credence from H.E. Mr. Ki-Mo Lim in a simple ceremony at the Headquarters of the CARICOM Secretariat on Tuesday 13 June, 2017.

She said CARICOM welcomed and celebrated this formal step towards a more institutionalized partnership and enduring relationship with Korea.

Underscoring the value of longstanding relations at a time when the international community was increasingly uncertain and unpredictable, she said CARICOM looked to like-minded countries, like Korea, and to multilateral, regional and international organizations for support in protecting its interests.

In this context, she said CARICOM faced considerable challenges in accessing concessional financing due to graduation as a result of the use of per-capita income as the sole criteria for measuring development.
Noting that the increasing vulnerability to climate events remained the single biggest threat to Small Island and Low-Lying Coastal Developing States (SIDs) like those of CARICOM, the Deputy Secretary-General told Mr Lim that the Community was heartened by South Korea’s recent affirmation of its continued commitment to addressing the threat of climate change and its continued support for the Paris Climate Change Agreement.

 

Given that the Region was the most prone to natural disasters and for the Community, climate change was an existential threat, the Paris Agreement she stated “encompassed the hope of our generations for an enduring existence.”

 

CARICOM and Korea held their first Consultation and Cooperation Mechanism Meeting, in January 2007. Over the last ten 10 years, the friendship has deepened through the High-Level Caribbean Partnership Forums held annually in Korea. Earlier this year, the inaugural CARICOM-Korea High-Level Meeting was held in Montego Bay, Jamaica.

 

These meetings, the Deputy Secretary-General noted, facilitated the exchange of views on strategic cooperation in various fields, including climate change, the 2030 Development Agenda, energy and food security, ICT and E-Government, health, and education. They have also facilitated people-to-people contact and increased bilateral technical and political cooperation.

 

As she congratulated Korea on the recent election of President Moon Jae-in, Ambassador Soeknandan said the Community looked forward to working with the East Asian country in implementing the commitments undertaken in the Joint Statement of the Inaugural CARICOM-Korea High-Level Meeting.  “We thank the Government of the Republic of Korea for its support and we extend our support for peace on the Korean peninsula,” she stated.
For his part, Mr Lim said he anticipated Korea’s partnership with CARICOM would continue to grow stronger and that the accreditation would mark another turning point in the evolution of the “excellent friendship.”

Describing the Montego Bay CARICOM-Korea High-Level Meeting as a “milestone in elevating the level of dialogue and strengthening tangible cooperation between the two sides,” he added that the Joint Statement, unanimously adopted, signaled the strong will and commitment of both sides to fortify the bonds between the two Regions.
He described CARICOM as a leading group in the international community’s efforts regarding climate change and sustainable development goals and a model example of regional cooperation and integration.

Photo caption:  Deputy Secretary-General, CARICOM Secretariat Ambassador Manorma Soeknandan (r) and Republic of Korea Representative to CARICOM Mr. Ki-Mo Lim.

Press Release: BIS

 

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CARICOM Presses for Peace as Hormuz Conflict Drives Up Caribbean Costs 

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May 22, 2026 – The Caribbean Community is warning that the escalating conflict surrounding the Strait of Hormuz is now directly threatening Caribbean economies, driving up the cost of fuel, food and freight across a region heavily dependent on imports.

In a statement issued this week, CARICOM expressed “serious concern” over the worsening hostilities in the Middle East and the growing instability affecting one of the world’s most critical shipping corridors.

CARICOM said it is alarmed by: “the severe loss of life, threats to civil infrastructure, and the instability in global markets” resulting from the conflict.

The regional bloc warned that disruption in maritime transit through the Strait of Hormuz is reverberating across the global economy through: “energy markets, supply chains and increased freight costs.”

For Caribbean citizens, those consequences are already becoming painfully visible.

In Nassau, gasoline prices have surged again, with regular fuel now nearing or exceeding seven dollars per gallon at some stations. Consumers in other CARICOM countries are also reporting higher transportation costs, rising grocery bills and mounting pressure on household budgets.

The fear among regional leaders is that the crisis is far from over.

Roughly 20 percent of the world’s oil and liquefied natural gas normally passes through the Strait of Hormuz, making it one of the most strategically important waterways in global trade. Analysts warn prolonged disruption could trigger even higher global inflation and deeper supply chain instability.

The United Nations Food and Agriculture Organization has now warned that the crisis could become a: “systemic agrifood shock” capable of triggering a severe global food price crisis within six to twelve months.

The Caribbean is especially vulnerable because of its dependence on imported fuel, imported food and imported manufactured goods.

A recent UN regional analysis warned that shockwaves from the Middle East conflict are already reaching Caribbean nations, where rising oil prices and freight costs are increasing the price of imported food, electricity and transportation.

Global institutions are also sounding increasingly dire warnings.

The World Bank projects energy prices could surge by 24 percent this year because of the conflict, while fertilizer prices may jump by more than 30 percent — increases likely to feed directly into higher food costs worldwide.

The International Monetary Fund has meanwhile warned the global economy could face a “much worse outcome” if the conflict drags into 2027 and oil prices continue climbing.

CARICOM is now calling for all parties to respect international law and preserve safe passage through the Strait of Hormuz under the United Nations Convention on the Law of the Sea.

The Community stressed that transit passage:  “should not be contingent on any license, levy, or authorization,” and warned that bordering states should not “hamper or suspend” the movement of vessels through the corridor.

CARICOM also called for:  “cessation of hostilities” and urged “de-escalation and restraint by all parties.”

But for many Caribbean citizens, the economic pain is already here.

And with fuel nearing seven dollars per gallon in parts of The Bahamas, regional governments are facing renewed pressure over cost of living concerns, inflation and the Caribbean’s continued dependence on imported energy and food supplies.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Browne Wins Fourth Term in Antigua & Barbuda Landslide

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Antigua & Barbuda, May 4, 2026 – Prime Minister Gaston Browne has secured a historic fourth consecutive term in office, leading the Antigua and Barbuda Labour Party to a commanding victory in the country’s snap general election held April 30, 2026.

Preliminary results show Browne’s party capturing 15 of the 17 seats in Parliament, tightening its grip on power and dramatically weakening the opposition.

The main opposition United Progressive Party was reduced to just one seat, held by its leader, while the Barbuda People’s Movement retained its single constituency in Barbuda.

The result marks a major political turnaround for Browne, whose party had won a much narrower 9–7 majority in the 2023 election before rebuilding support through defections and by-elections.

Voter turnout figures vary in early reports, with initial estimates indicating participation of around 35.8 percent, or roughly 22,700 voters out of more than 63,000 registered. However, broader election data suggests overall turnout may have exceeded 60 percent, reflecting steady engagement despite political tensions.

The election, called nearly two years ahead of schedule, was shaped by concerns over the cost of living, global economic pressures and fallout from U.S. visa restrictions linked to the country’s citizenship-by-investment programme.

Despite those issues, Browne campaigned on economic stability and continued development, pointing to a strong tourism recovery and ongoing infrastructure expansion.

The decisive victory now strengthens his mandate, but also raises questions about the future of the opposition, which faces internal challenges after significant losses at the polls.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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FIGHT FOR CONTROL OF STEWART TOURISM EMPIRE PLAYS OUT IN COURTS

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May 4, 2026 – This is not just a family dispute.  It is a fight over control of a tourism empire.

At the centre is Adam Stewart, who has secured a series of legal victories across the region as challenges continue over the estate and leadership structure of Sandals Resorts International.

The multi-billion-dollar conglomerate was built by the late Gordon “Butch” Stewart, whose passing in 2021 set off a complex and ongoing dispute involving family members, estate arrangements and control of the business.

In recent rulings, courts in both The Bahamas and Jamaica have reinforced Adam Stewart’s position, effectively allowing him to continue leading the company while defending his role against legal challenges.

One key issue has centred on the interpretation of estate provisions, including whether defending his leadership could jeopardise his inheritance. The courts have ruled in his favour, clearing the way for him to maintain control without penalty.

For now, those decisions bring a measure of stability to one of the Caribbean’s most influential tourism brands.

But the matter is far from settled.

Multiple legal challenges and competing claims within the Stewart family remain active, meaning the future structure of the company is still being contested.

The implications stretch well beyond the courtroom.

Sandals operates across several Caribbean nations, including The Bahamas, Turks and Caicos Islands, Jamaica and Saint Lucia, making it a critical player in regional tourism, employment and investment.

Any uncertainty at the top of the organisation has the potential to ripple across economies that rely heavily on the brand’s continued expansion and stability.

For now, Adam Stewart remains firmly in charge.  He was named Executive Chairman of Sandals Resorts International in 2021.

Still, many are keen on the outcomes of ongoing litigation, as the battle over one of the Caribbean’s most powerful business empires is still unfolding.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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