Research reveals shifts in trade dynamics for Caribbean nations post-Brexit, suggesting new partnership opportunities.
<ns3:p>The research paper investigates the effect of Brexit on Caribbean/European Union relations, with a focus on diplomatic engagements, economy and trade. The paper explores how the United Kingdom’s withdrawal from the European Union necessitated change, replacing the UK-led ACP framework with the EU’s Samoa Agreement. Economically, the UK’s departure has also seen a reconfiguration of the EU’s financial instruments, investments and aid, from the European Development Fund (EDF) to the NDICI–Global Europe instrument, altering the financial priorities for Caribbean nations. Trade relations also required a significant evolution, from logistical challenges stemming from the rerouting of ports of entry to new bureaucratic requirements. Though these challenges have arisen, the research paper spotlights the opportunities for a shifting of the historic dependency relationship to a deepening of interactions by way of the EU's Global Gateway initiative and the European Green Deal.</ns3:p>
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Joshua P. Walcott (2023) studied this question.
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