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SPECIAL SRC NEWSLETTER
SRC Trading Thoughts on Covid-19 and Caribbean Vulnerability and CCJ Opinion
 

March 2020 

IN THIS EDITION

What COVID-19 teaches about Caribbean Vulnerability and Resilience
CCJ Advisory Opinion Endorses Differentiated Approach to Freedom of Movement
Updated SRC Trade Quick Guide - COVID-19 and Caribbean Trade
Are you SRC connected?

In this special edition of our monthly SRC Newsletter we look at two major developments which have occurred over the past month! The on-going COVID-19 outbreak has caused a campus-wide shutdown forcing us to transition our normal and OECS-MITP cohorts online.
 In a new Trading Thoughts article, we look at what the on-going COVID-19 pandemic teaches us about Caribbean vulnerability and resilience. We have also included our updated SRC Trade Quick Trade on COVID-19 and Caribbean trade.

This month the Caribbean Court of Justice (CCJ) made history by delivering its first advisory opinion concerning the legality of opt outs to freedom of movement. Our second new Trading Thoughts article examines the reasoning and legal and practical implications of this historic decision. 


We at the SRC care about your safety during this time. We will be back to normal operation as soon as we can. In the meantime, you can still contact us through our website and email. Also continue to look out for our research updates by following us on social media and our websiteWe do hope you enjoy this special edition! 

NEW SRC TRADING THOUGHTS 

What COVID-19 Teaches About Caribbean Vulnerability and Resilience
Dr. Jan Yves Remy, Chelcee Brathwaite and Alicia Nicholls 



The Coronavirus Disease 2019 (COVID-19) is making the global economy sick.  Like the pathological disease itself which has been declared a pandemic, COVID-19 has invaded the global economic bloodstream, placing its vital organs in distress, with no immediate cure. Production chains are being disrupted, international travel is shrinking, oil prices are falling, food security concerns are heightening, foreign direct investment is contracting, currencies are plunging, stock markets are crashing. Whether large or small, no country is immune from this contagion.

Caribbean states are no strangers to cataclysmic events which halt entire economies, production cycles and all sense of normalcy. With increasing frequency, the region has had to cope with vulnerability to extreme natural disasters.  The Bahamas and Dominica are still reeling from the effects of Dorian and Irma, and with the added weight of COVID-19, it is hard to imagine what portends if another hurricane were to strike again.  
 
Perhaps for the first time in modern history, the whole world is feeling truly vulnerable to vagaries not entirely of our own making. However, while larger countries can rely on their more plentiful financial and human resources to rebound from COVID-19, vulnerability for Caribbean States is a chronic condition.

In this SRC Trading Thoughts we explore how the region’s characteristic resilience must guide us in overcoming our vulnerabilities in these unprecedented times. 

Read the full article here.

CCJ Advisory Opinion Endorses Differentiated Approach to Free Movement in CARICOM
Dr. Jan Yves Remy and Alicia Nicholls 

On 18 March 2020, the Caribbean Court of Justice (CCJ) delivered its first Advisory Opinion following a request filed a year ago by the Caribbean Community (the Community).  It was asked to consider the legality of CARICOM Heads of Government’s decision allowing two Member States – Antigua and Barbuda and St. Kitts and Nevis – to opt out of an earlier decision to enlarge the list of skilled workers eligible to move and seek employment under the CARICOM Single Market and Economy (CSME).

The CCJ solicited and received written and oral submissions from interested parties, including counsel from the Community, CARICOM Member States, and Law Faculties of The University of the West Indies.

We provided a background to the issues in an earlier SRC Trading Thoughts. In this edition, we outline the reasoning in the Court’s Opinion, and consider some of its legal and practical implications.

Read the full article here. 

Read past SRC Trading Thoughts Columns and other SRC content by visiting our website: www.shridathramphalcentre.com

Updated SRC Trade Quick Guide - COVID-19 and Caribbean Trade

Our latest SRC Trade Quick Guide prepared by our trade researcher,Chelceé Brathwaite, looks at the possible trade impacts of COVID-19 on the Caribbean. 

Access the full UPDATED infographic by clicking here.


Are you SRC connected?

Our offices may be closed but we are still working hard! Keep up to date with our latest research and news by following us on social media below: 

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Copyright ©  2019 Shridath Ramphal Centre of The University of the West Indies, Cave Hill. All rights reserved.

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Shridath Ramphal Center · Caricom Research Park · The University of the West Indies · cave hill PO Box 64 · Barbados

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