CARIFORUM and UK EPA Study

In addition, the region’s performance in Mode 3 commercial establishment stood in stark contrast to the UK’s known preference for Mode 3 services exports and imports, which, in many ways, represents an opportunity for CARIFORUM as an investment seeking region. The region’s active involvement in Mode 1 trade in services also aligns well with the UK’s own trade trends, suggesting further avenues for the development of both export and import linkages.

7.11 UK Services Exports to CARIFORUM

i.

Cross country comparison

Table 31: UK Total Services Exports to CARIFORUM by Country (2008-2020)

UK Total Services Exports to CARIFORUM by Country (2008 - 2020)

CARIFORUM State Antigua and Barbuda

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008-2019

31

24

13

54

14

13

7

24

15

9

11

16

231

Bahamas Barbados

368 313 419 314 266 310 235 248 259 188 268 399 154 114

191 184 179 134

221 137 255 187 858 529

3,213 3,517

Belize

38

28

40

42

7 0

69

52

31

72

35

17

59

490

Dominica

0

0

0

0

0

0

0

0

1

1

1

3

Dominican Republic

56

45

79

33

27

15

14

14

16

27

69

51

446

Grenada Guyana

3

2

7

0

0

7

3

5

5

5

5

7

49

72

89

64

53 176 330 575

145 111

143 307 256

2,321

Haiti

9

8

7

12

7

0

0

5

0

1

1

1

51

Jamaica

88

75

74 107

61 14

62 20

45 14

145

65

46 17 36

69 12 25 11

84 16 50 14 13

921 139 288

Saint Kitts and Nevis

8

8

7

7

11 24

5

Saint Lucia

22

17

20

28

7 7

7 7

7 7

45 11 12

Saint Vincent and the Grenadines

4

4

7

0

6

8 9

86

Suriname

30

25

41

19

17

25

45

17

7

260

Trinidad and Tobago

272 252 261 268 290 442 334

249 223

207 141 270

3,209

Total UK Exports to CARIFORUM 1,249 1,149 1,227 1,205 1,292 1,461 1,452 1,046 898

952 1,671 1,622

1 5,224

Source: WTO Database.

The United Kingdom remains a leading trading partner for the CARIFORUM region. Of the approximately US$155 billion worth of services imported by the region globally, during the period 2008-2019, a total of US$15.2 billion or just under 10% was supplied by the UK. Despite significant fluctuation during the 12-year assessment period, the UK’s total services exports to CARIFORUM increased overall, peaking at US$1.67 billion in 2018. This resulted in annual UK services exports to CARIFORUM of US$1.27 billion on average.

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