Eastern Caribbean Central Bank-Annual Report 04/05

The liberalisation of trade regimes on a global, regional and bilateral basis has resulted in substantial changes in trading arrangements and economic costs as well as benefits, the report said.

For the countries of the currency union, the reduction and eventual removal of preferential access for agricultural export commodities, such as sugar and bananas, will have major and severe economic consequences. The prospects of reduced customs and import duties from the reduction of tariffs will also

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