The role of an integrated regional market
in fostering production linkages
1. The region has made substantial
progress in reducing tariff barriers
to intraregional trade
2. However, much less progress has
been made on regulatory issues,
which are key to modern value
chains: investment, services,
technical standards, trade
facilitation, etc.
3. Critical issues:
- Intellectual property
- Government procurement
and contracts
- Gradual convergence
4. Some first steps could include:
(i) Regional cumulation of origin;
(ii) Harmonization and mutual
recognition of technical and sanitary
standards;
(iii) Coordination of steps taken at the
national level to facilitate trade
(eg. single-window systems)
5. Support from Mexico,
Colombia and the Bolivarian
Republic of Venezuela
to the Caribbean
in strategic initiatives