USVI Elevates Collaboration with CARICOM, Eyes Technical Cooperation Agreement
USVI Governor Albert Bryan Jr
News
CHARLOTTE AMALIE, US Virgin Islands, CMC-The United States Virgin Islands (USVI) has elevated its collaboration with the 15-member Caribbean Community (CARICOM) grouping and is working towards a technical cooperation agreement.
This advanced partnership will soon be formalized through a Memorandum of Understanding (MOU) to benefit the USVI and the regional integration grouping.
Partnership Objectives
The statement said that prioritizing the energy crisis is a top priority, focusing on sustainable solutions, cost reduction, and building resilient infrastructure through collaboration.
"The partnership aims to foster a blue economy by sustainably utilizing ocean resources to drive economic growth while preserving ecosystems. Furthermore, bolstering agriculture through CARICOM’s expertise will enhance food security, promote sustainable farming practices, and create economic opportunities."
The USVI also plans to enhance intraregional trade through direct air and sea links, citizen upskilling, and the development of e-commerce opportunities.
Key Objectives
According to the statement, the key objectives of the new collaboration include:
- Leveraging the Regional Migration Policy to facilitate regional employment exchange and ensure job security
- Implementing a labor-management information system to optimize labor resource allocation and resilience
- Promoting educational initiatives at the University of the Virgin Islands
Conclusion
The USVI’s commitment to enhanced regional cooperation and collaboration is a significant step towards addressing common challenges and promoting sustainable development in the region.
FAQs
Q: What is the goal of the technical cooperation agreement?
A: The goal is to benefit the USVI and CARICOM through a Memorandum of Understanding (MOU).
Q: What are the key objectives of the partnership?
A: The key objectives include prioritizing the energy crisis, fostering a blue economy, and enhancing intraregional trade.
Q: What is the ultimate goal of the USVI in this partnership?
A: The ultimate goal is associate membership with CARICOM, although achieving it is challenging due to the USVI’s status as a United States territory.