Premier to meet with Dominican Republic president to discuss trade

Premier Dr Natalio Wheatley has announced plans to meet with Dominican Republic President Luis Abinader to discuss growing trade relations between the two nations.

This initiative aims to address the rising cost of living in the BVI by exploring more direct avenues for importing essential goods, particularly food items.

During a recent appearance on the Talking Points show, Premier Wheatley highlighted the challenges the BVI faces due to its reliance on imports from the United States. He noted that many products from the Dominican Republic are first shipped to Miami before reaching the BVI, resulting in higher costs for consumers.

“A lot of times the food goes from the Dominican Republic to Miami, and then we buy it from Miami when we’re right next to the Dominican Republic,” he explained.

The Premier emphasised the importance of establishing direct trade links with neighbouring countries to reduce shipping costs and ensure a more stable supply of goods. “Very soon, I’m going to meet with the President of the Dominican Republic to speak about trade relationships as they pertain to access to food,” he stated.

He also mentioned Guyana as another potential source for enhanced trade relations, suggesting the country could provide food and energy resources.

In addition to seeking international partnerships, Premier Wheatley underscored the need for the BVI to bolster its domestic agriculture and fisheries sectors.

He mentioned the government’s efforts to encourage local food production to lessen dependence on imports. “We’re encouraging us to grow our own food. We want to be able to grow everything here,” he said.

The Premier also highlighted the government’s commitment to sustainable development in these sectors. In his recent budget address, he stated, “My government is nearing completion of a comprehensive development plan for agriculture and fisheries, to address access to healthy food, promote biosecurity, and support agriculture and fisheries as thriving business entities.”