Caribbean Regional Action Plan on Freight Logistics, Maritime Transport and Trade Facilitation
The Caribbean's location at the crossroads of global container shipping routes gives the region excellent maritime connectivity that could translate into significant commercial opportunities. Given its heavy dependence on trade, Caribbean authorities are increasingly vested in improving the efficiency of supply chains and addressing issues related to maritime transport and logistics. In the context of the Panama Canal expansion, it is of the utmost important that steps be taken immediately to strengthen the Caribbean's position in global maritime trade routes. The Caribbean Regional Action Plan on Freight Logistics, Maritime Transport and Trade Facilitation reviews the status of trade and transport infrastructure in the Caribbean Basin, with particular emphasis on CARIFORUM countries. The study highlights the main trends in global and regional trade flows in the region, estimates the impact of these trends on the shipping industry and selected Caribbean Basin ports, and proposes a regional Action Plan for taking advantage of new commercial opportunities.