Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

Foreword

India a nd the Caribbean share relations which are at least two centuries old. In the present day, Indo-Caribbeans comprise one of the largest ethnic group in many Caribbean countries. A strong emotional and cultural link already exists between the regions, which sets the base for enhancing economic relations via trade and investment. With ever increasing challenges in the world economy, diversification of trade partners and access to new markets has become a priority for all regions. The economies of the Caribbean are marked by high levels of openness to international trade, and they are also known globally for offering significant tax benefits, particularly to new investors. Similarly, India also offers immense opportunities for collaboration, trade, and investment for partner countries from the Caribbean. For Export-Import Bank of India (India Exim Bank), Latin America and the Caribbean (LAC) region has always been a region of focus, to promote and support two-way trade and investment. As a partner institution to promote economic development in LAC, India Exim Bank has set in place various activities and programs. I hope that this joint report published by the India Exim Bank and the Caribbean Export Development Agency (Caribbean Export) proves to be an important contribution to the existing knowledge pool on the subject and serves as a valuable reference for policy makers, businesses, and academia.

Harsha Bangari Managing Director Export-Import Bank of India

Enhancing India-CARIFORUM Economic Relations and Prospects for Cooperation

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