CARICOM, South Korea Ink Cooperation Agreement

The Caribbean Community (CARICOM) is poised to receive assistance from the Government of South Korea to advance the Region´s Information and Communication Technology (ICT) development agenda.

CARICOM and South Korea signed a Consultation and Cooperation Mechanism at the CARICOM Secretariat Headquarters in Georgetown earlier this month, formalizing bilateral cooperation between the two sides in a number of areas, including the use of ICT for the Community´s development.

The Agreement, which was signed by CARICOM Secretary-General Edwin Carrington and Korean Ambassador H.E Soong-chull Shin, is intended, among other things, to strengthen consultations concerning bilateral, regional and international issues of mutual interest, and to aid in the expansion and diversification of trade and investment flows.

Under the Agreement, the promotion of investment and tourism; the exchange of views and information on measures to facilitate access to CARICOM and Korea´s markets; and the fostering of entrepreneurial, scientific, technological and personnel exchange are also expected to flow out of future cooperation.