Google Ads

Showing posts with label Caribbean economies. Show all posts
Showing posts with label Caribbean economies. Show all posts

Friday, June 4, 2010

Caribbean credibility at stake in International Whaling Commission (IWC) vote

Caribbean credibility at stake in IWC vote
By Sir Ronald Sanders:


When people around the world think of whale-hunting nations, the Caribbean is the last place that crosses their minds. Yet, the governments of Suriname and the six independent members of the Organization of Eastern Caribbean States (OECS) are in a pivotal position to end or continue a moratorium on commercial whaling that has been in place for 24 years.

There is no benefit for these Caribbean countries if commercial whaling is resumed since none of them are commercial whalers. But they are members of the International Whaling Commission (IWC) which is likely to face a vote on whether or not to abandon the ban on commercial whaling when its 88 members meet in Morocco from June 21.

Sir Ronald Sanders is a business executive and former Caribbean diplomat who publishes widely on small states in the global community. Reponses to: www.sirronaldsanders.comSeveral authoritative reports suggest that Japan’s pays the membership fees of Suriname and OECS governments to the IWC and also pays the costs of their delegates’ attendance at IWC meetings directing how they vote. In return, these countries get Fisheries Complexes from Japan.

A United Nations Environmental Programme publication, “Caribbean Currents” put the issue in stark terms, saying: “It currently appears that not only are whales in danger, but so are the autonomy and self-determination of Caribbean nations”.

If, at the June meeting of the IWC, the seven Caribbean countries side with Japan, Norway and Iceland – the only three remaining nations that favour commercial whaling – they could help to open the armoury on whales and resume a slaughter that the world has resisted for almost three decades. In the process, they could damage their tourism image in the world as an eco-friendly area.

Since 1992, all the Caribbean members of the IWC have consistently voted in favour of repealing the moratorium until 2008 when Dominica’s Prime Minister Roosevelt Skerritt declared that his government would no longer be doing so. In 2009, he repeated that his government “will not renege on that commitment of staying clear of voting for whaling”. However, Suriname and the other OECS members of the IWC - St Vincent and the Grenadines, St Lucia, Grenada, Antigua and Barbuda, and St. Kitts and Nevis – have continued to vote with Japan, the most aggressive of the three remaining countries that favour commercial whaling.

All eyes are on the Dominica government to see whether it sticks to its commitment despite the facts that Japanese officials have been active in OECS countries in the past few weeks.

This renewed Japanese activity has caused Caribbean business people and Caribbean environmentalists to argue publicly that it is not in the interest of the OECS countries to continue to support Japan’s whaling position.

Caribwhale, an organization of Caribbean tourism business people and their employees, has recently urged the governments of Suriname and the OECS not to vote for a resumption of commercial whaling since the region has a thriving whale watching industry as part of its tourism product. “Dead whales”, they said, “are no good to the Caribbean; live ones bring revenues and employment from the whale watching industry”.

This call was followed by an appeal by the Eastern Caribbean Coalition for Environmental Awareness (ECCEA), a grouping of Caribbean environmentalists, who wrote to the OECS representatives to the IWC and their heads of government, saying: “Commercial and ‘scientific’ whaling do not serve a Caribbean purpose”.

Suriname and the members of the OECS owe Japan nothing particularly as the balance of trade between them is entirely in Japan’s favour year after year. Japan’s aid for Fisheries Complexes is far less than the millions of dollars spent every year by the Caribbean countries on imports of Japanese motor vehicles, computers, printers, cameras, outboard motors, and agricultural equipment.

What’s more Japan has shown little concern for the Caribbean, repeatedly ignoring protests from Caribbean Community (CARICOM) Heads of Government over the shipment of Japanese nuclear waste through the Caribbean Sea. One accident, however, small would destroy the fragile ecology of the Caribbean Sea and destroy Caribbean economies.

As far as the whale watching industry in the OECS countries is concerned, Dominica, St Lucia, St Vincent and Grenada are already earning millions of dollars from it. The potential exists for an equally thriving business in St Kitts-Nevis and Antigua and Barbuda. But if Suriname and members of the OECS support any form of commercial whaling at the upcoming IWC meeting, they will harpoon this possibility.

Proponents of the proposition at the IWC to legitimise whale catches by Japan and others, argue that it will reduce the number of whales that are killed. However, leading world environmentalists refute this claim, saying the proposition as worded will open the floodgates to unrestrained commercial whaling.

Among these respected environmentalists is Dr Justin Cooke, who represents the International Union for the Conservation of Nature on the IWC Scientific Committee. In testimony to the US House Committee on Foreign Affairs, he described the proposed deal as a “scam”. He testified that “the true nature of the scam only dawned on me after reading the text several times. And even then only with the benefit of many years of experience with IWC procedures, that enables me to relate such a text to how it would actually be implemented in practice. Those without the benefit of such experience will find it even harder to discern what the text really implies and to spot the scam”.

Several IWC Latin American members, known as the Buenos Aires Group and comprising Argentina, Brazil, Chile, Costa Rica, Ecuador, Mexico, Panama, Peru, Dominican Republic and Uruguay, also strongly oppose the proposition before the IWC. Joined by non-IWC members Colombia, El Salvador, Honduras and Venezuela, the Group stated that they will propose at the IWC meeting that "over a period of 10 years... there must be a significant and increasing reduction of quotas (catch limits)... until lethal research is completely eliminated.”

Just as the Latin American nations have done, there is every reason why, in making their decision on how to vote at the IWC, the governments of Suriname and the OECS should listen to a range of voices beyond the Japanese. Such voices should include environmental experts and their own business people and workers who make a living and earn sustainable revenues for their countries from whale watching.

Caribbean economies are small and in need of help, but such help should be genuine and concerned with sustainable development. Large industrialized nations, such as Japan, should not be taking advantage of the vulnerabilities of small countries to advance their own agenda. And, when they do, Caribbean countries should reject it in their own interests, or they will never assert their independence and command respect as sovereign nations.

For Suriname and the OECS governments, the IWC vote will be about more than the fate of whales; it will also be about their international reputation.

June 4, 2010

caribbeannetnews

Wednesday, December 30, 2009

Mixed fortunes for Caribbean economies in 2009, says new report

GEORGETOWN, Guyana -- The Caribbean Economic Performance Report 2009, compiled by the Caribbean Centre for Money and Finance, recently projected the member states to end this year with mixed fortunes, as some will see growth while others will be in deficit.

The report says many Caribbean economies remain in recession, awaiting the recovery of the United States and other Industrial economies, which supply the region’s tourists, remittance and foreign direct investment, and which absorb Caribbean exports.

It adds that advance tourism bookings are reported to be dismal, and natural gas prices remain low, even though oil prices have recovered substantially.

Foreign exchange inflows continue to decline compared to 2008, economies remain depressed and unemployment is on the increase, in spite of efforts by governments and private firms to minimize the loss of jobs.” the report noted.

However, it added that balance of payments pressures have abated in Jamaica, the country most severely affected by outflows, and the exchange rate there has stabilized.

“Foreign exchange levels remain acceptable throughout the region, aided by a small increase in the global allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF)," the report outlined.

Five member countries of the OECS have accessed modest amounts of IMF financing, and the Jamaican authorities remain in discussion with the Fund for financing under a Standby Arrangement.

“Aruba, Belize, Guyana, Haiti and the Netherlands Antilles all recorded higher levels of foreign exchange reserves, comparing the latest month with a year earlier, with increases ranging from 10 to 30 percent,” the report states.

The 27 page document also noted that the average growth rate for the region is expected to be 1.6 percent this year, with Belize, Dominica, Guyana, Haiti and Suriname expected to record positive but slow growth in 2009.

It noted too that Guyana, despite a decline in growth of real output during the first quarter of 2009, which was due primarily to losses in the sugar sector, rebounded due to mixed output in the manufacturing and services sectors and the rice industry.

In the first quarter of 2009, the report says, Guyana’s inflation rate dropped sharply to 1.95 per cent compared to the 7.45 per cent it recorded for the same period in 2008. This was due to the fall in international oil and commodity prices as well as falling domestic prices of food items.

Caribbean economies cannot expect to emerge from recession before the US does. Advance tourism bookings are reported to be dismal, and natural gas prices remain low, even though oil prices have recovered substantially. Most tourism economies and the energy and mineral industries depend mainly on the US market.

The prospects for agriculture and those tourism economies that are less dependent on the US are not much better, because the economies of Canada, the UK and the rest of Europe all depend heavily on exports to the US to help fuel the recovery of economic output.

The policy responses of Caribbean governments are beginning to take effect as they marketing and promotional activity, and measures for some degree of amelioration of the adverse social impact of the economic contraction. So far the impact on government budgets and debt service has been mild, but much of the additional expenditure is yet to come on stream.

The economic recession has depressed fiscal revenues everywhere, and the impact has been especially severe because of the region’s increasing dependence on the Value Added Tax (VAT), which is especially sensitive to a fall in spending.

Even though governments’ efforts to contain the adverse impact of the crisis have resulted in only modest increases in spending, it says, the extent of revenue loss meant that the overall fiscal position deteriorated badly everywhere.

The unfinanced fiscal gap was the main motivation for OECS countries to seek financing from the IMF and other international financing agencies.

December 30, 2009

caribbeannetnews