Caribbean News
TCI to become full members of CARICOM
By Dana Malcolm
Staff Writer
#TurksandCaicos, February 6, 2023 – Full CARICOM membership for the Turks and Caicos is on the table according to a debriefing of the official TCI visit to the Bahamas in December, issued by the Government. The delegation which had included top bosses Premier Washington Misick and Governor Nigel Dakin went with the aim to “find further areas of collective security cooperation where all parties could benefit from a deeper relationship.”
Major developments coming out of the meeting included the TCI advising its sister country of its intention to seek full membership of the Caribbean Community; this was done with the agreement of the United Kingdom which
provided a letter of entrustment allowing for this negotiation.
The TCI, courtesy of its position as an overseas territory and not an independent nation, is listed as an Associate Member State of CARICOM along with, Anguilla; Bermuda; The British Virgin Islands; and Cayman.
This gives them the power to:
- Attend meetings as Observers including, Meetings of the Conference of Heads of Government of the Caribbean Community;
- Be listed as members of all Institutions except the Council of Foreign and Community Relations;
- Have the right to participate in the deliberations of those bodies in which it has membership in order to promote its interests in specific programmes and measures, including the right to propose programmes and measures or the modification of programmes and measures, as well as to share in the benefits of all relevant CARICOM regional programmes and measures, whether proposed by the country or not;
Becoming an official member of CARICOM would allow the TCI to attend, participate and vote in all Meetings of the Organs and Institutions of the Caribbean Community; have the right to participate in the deliberations of all bodies in order to promote its interests in all programmes and measures, and be able to propose programmes and measures.
This month, the 44th Inter-Sessional Meeting of CARICOM heads of government is being held in Nassau, The Bahamas. Not clear, if this meeting will be the launch pad for TCI’s transfer to full member status.
Dana Malcolm
Staff Writer
#TurksandCaicos, March 17, 2023 – Revenue from the Turks and Caicos’ Financial Services Sector will more than double in the next few years, if E Jay Saunders, Deputy Premier and Finance Minister gets his way. It ‘s one of the reasons the country is investing so much capital into getting off of the EU blacklist and becoming a secure trustworthy financial destination.
“The FSC’s revenues for 2020/21 was $10.5M— the figures for 2021/22, would be about similar,” he said. He further explained that $10.5 million from the FSC represented about 2.6 percent of the country’s 408.5-million-dollar
revenue. Though it increased to $14 million in the 2021/22 financial year, finance is still a small fry compared to tourism or even stamp duties but that will change, says Saunders.
“My revenue goal for the Government by the year 2029 [or] the election after the next election – is $500M. By that time, I want the financial sector (FSC) revenues to represent at least 5% ($25M). So that’s my goal for the financial sector by 2029.”
This goal, should it be met, would increase the Government’s revenue by 100 million dollars, a significant increase in spending power for local upgrades and improvements for Turks and Caicos residents and visitors.
Saunders says it’s time for the TCI to diversify its sources of revenue to make sure that what happened in the COVID-19 pandemic, which saw residents out of a job for months, will not happen again. Tourism now makes up around 80 percent of the country’s GDP. The Minister of Finance wants to push that down to 60 or even 50 percent.
Dana Malcolm
Staff Writer
#Haiti, March 17, 2023 – When a CARICOM delegation visited Haiti earlier this month, conspicuously absent was the Turks and Caicos Islands despite being one of the nations most directly affected by the multi-dimensional crisis there. There is no comment, as yet from the Premier, to say why this was the case.
Still, from the expedition, CARICOM heads of Government have informed that there will be lobbying in Africa for assistance in Haiti. They say they have decided that the best course of action for the Caribbean country is to bolster the Haitian National Police and act as intermediaries with Africa and the world. The decision follows a one day visit on February 27th, and a March 5th meeting chaired by the Bahamas.
CARICOM says during the trip delegates ‘met with a broad range of Haitian stakeholders to hear their views on the
way forward to a Haitian-led solution’. With that in mind it has made a decision on how to proceed.
“The Heads of Government agreed to support the Haitian National Police in their efforts to address the security situation. The focus of the Community will be the provision of training for the HNP and the provision of humanitarian assistance to HNP and the wider Haitian society, taking into account the challenging humanitarian and security situation”
It’s not clear yet where and how this training will take place. Also distinctly absent from the report, no more mention of boots on the ground from other countries despite CARICOM Member States indicating they were ready and willing should it come to that.
In addition, recognizing ‘the common historical experiences and the strong African-Caribbean relationship’ CARICOM says,
“Heads of Government also agreed to seek support from African countries for Haiti. They also agreed to work with the Governments of Canada and the United States as well as the UNDP”
Magnetic Media has reached out to the Premier’s Office to get a full debrief of the February 27th visit (led by Jamaica; including The Bahamas and Trinidad and Tobago) to learn of Turks and Caicos’ posture following the critical sessions.
Dana Malcolm
Staff Writer
#TurksandCaicos, March 17, 2023 – Musicians from the New World Symphony will be in the Turks and Caicos in concert next month and residents are invited to attend in support of the future of Ashley’s Learning Center. 
A fairly young orchestral academy based in Miami, the New World Symphony was launched in the 1980s by 1987, Michael Tilson Thomas and Ted Arison,Carnival Cruises founder. From the 1500 applicants who vie for a spot each year, the symphony accepts around 35 music graduates annually for training fellowships.
A select few of those graduates will be in country on April 8th headlining at the Ashley’s Learning Center concert ‘We’re all in this together’. The concert which also feature local artistes will be held at Brayton Hall on Venetian Road from 6 pm to 8:30 pm
Tickets are available ON ISLEHELP $75 PER GENERAL SEAT $125 PER PREMIUM SEAT $195 PER GALLERY SEAT – with /FREFRESHMENTS.
For TICKET RESERVATIONs you can call: 649-341-2304 or email EVENTS@ASHLEYSLEARNINGCENTER.ORG
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