Prime Minister of Barbados and Caricom Chairman Freundel Stuart urges Commonwealth members to invest in the Caribbean community. At an address at the Common Wealth Business Forum, Minister Freunel said,
“There are the new and emerging opportunities in respect of agriculture and agribusiness, tourism (health and wellness), renewable energy and business/ICT-related services, and cultural industries. Indeed, renewable energy investments will boost both productivity and competitiveness of Caricom businesses and are a major priority for Caricom states.”
According to Stuart, opportunities in renewable energy industries are about because Caricom “member states have agreed targets for the introduction of renewable energy sources, explaining that they had committed to 20 per cent, 28 per cent, and 47 per cent by the years 2017, 2022, and 2027, respectively.”
