The primary objective of CARICOM’s agricultural policy as derived in article 56 of the revised treaty, which seeks “to effect a fundamental transformation of the agricultural sector of the Community by diversifying agricultural production, intensifying agroindustrial development,expanding agri-business and generally conducting agricultural production on a market-oriented,internationally competitive and environmentally sound basis.
Investments are central to driving and sustaining the achievement of these objectives.
This is particularly so for intra-regional investments.
Data show that intraregional investment in 2003 amounted to approximately US$250 million or about 10% of total investment from all sources worldwide.
More than two thirds of the intra CARICOM flows emanated from petroleum rich Trinidad and Tobago (CARICOM Secretariat, 2005).
