Caribbean Export OUTLOOK 3rd Edition

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Clearing The Hurdles

and regulatory framework is a critical element of a successful logistics services sector. Countries which have ranked high on the World Bank Logistics Performance Index have been reported to have regulatory frameworks which are transparent, tax friendly and support trade facilitation and competition with the resultant lower costs to the service providers. The quality of the regulatory framework for the support of logistics services is critical to the development of the sector and achieving the balance of enforcing internationally acceptable standards while increasing competitiveness remains a challenge. The review of legislation which has impacts on logistics services, highlights the need for the revision of and the development of specific legislation to promote the logistics sector in the Caribbean. It has been pointed out by many industry analysts that the Caribbean is challenged in embracing the value added opportunities presented by global logistics and supply chains as the sea, air and land transportation operate in silos with limited integration among the different modes. The world is growing closer at a rapid pace. Political and ideological borders are disappearing. Trade barriers are being dismantled and customs duties are being eliminated. At the same time, innovative information and communication technologies are creating new, far-reaching possibilities. Logistics has become a critical factor in the success of modern companies because customer and supply networks can be extended around the world. In most Caribbean countries, the processes of logistics are still manual and have not embraced ICT. The supporting regulatory frameworks are still inadequate to foster development and integration of the industry, as they were designed to support basic distribution and protect government revenues. Logistics goals for the Caribbean should go beyond the sea, land and air transportation to encompass trade facilitation, customs modernization, the promotion of electronic processing of trade documents and the improvement of access to trade and transport information. Ajagunna, I. Pinnock, F and Amonde, T. 2017. Tourism business development and logistics in the Caribbean: Will there be a symbiotic relationship? Worldwide Hospitality and TourismThemes (WHATT), Volum 9, Number 1 2. Pinnock F, Ajagunna, I. andCasanova, S. 2017. Analysis ofMarket Conditions for Logistics Services and Tourism: A Caribbean Perspective. Worldwide Hospitality and TourismThemes (WHATT), Vol 9, Number 1 3. Pinnock, F and Ajagunna, I. (2012). “The Caribbean Maritime Transportation Sector: Achieving Sustainability Through Efficiency”. The Centre for International Governance Innovation, Canada. Caribbean Paper No. 13 February 2012. 4. Rodrigue, J-P et al. (2017) The Geography of Transport Systems , Hofstra University, Department of Global Studies & Geography, http://people. hofstra.edu/geotrans. Retrieved from https://people.hofstra.edu/geotrans eng/ch3en/conc3en/ch3c1en.html Sources Consulted 1.

Logistics goals for the Caribbean should go beyond the sea, land and air transportation...