President Dr. Irfaan Ali of Guyana has outlined significant opportunities for collaboration between CARICOM countries and Africa, emphasizing agriculture, renewable energy, and environmental services.
His remarks were delivered during the 31st Afreximbank Annual Meetings and the AfriCaribbean Trade and Investment Forum held in Nassau, Bahamas.
In his address, President Ali underscored the potential benefits of joint projects funded by African agencies in the Caribbean, particularly in sectors such as renewable energy and sustainable manufacturing.
Highlighting the Caribbean region’s abundant resources, including high levels of sunshine radiation and favorable wind speeds, he suggested these conditions are ideal for expanding renewable energy initiatives.
He proposed the manufacturing of vehicles with minimal environmental impact as a potential marketing advantage for the region.
Aquaculture was also identified as a promising sector, with President Ali noting the Caribbean’s competitive edge in this area.
He pointed out that the US aquaculture market, valued at $4 billion, presents a significant opportunity for Caribbean countries to capitalize on their technological capabilities and natural resources.
President Ali further advocated for forest conservation initiatives, stressing the potential of deploying over 650 million hectares of forests in Africa, Guyana, and Suriname on the international carbon market.
This, he argued, could generate substantial wealth through carbon credits and contribute to global efforts in climate change mitigation.
Addressing biodiversity and the marine economy, President Ali highlighted the mutual benefits of cooperation between Africa and the Caribbean in managing marine resources and protecting biodiversity.
The President’s initiatives are part of a broader strategy to promote sustainable development and economic growth through strategic partnerships between CARICOM and Africa.
His proposals aim to harness the region’s natural resources efficiently while fostering international cooperation in critical sectors.