Barbados to host Second CARICOM-Mexico Summit

BRIDGETOWN, Barbados, Friday May 18, 2012 – Mexico’s President Felipe Calderon is expected to lead a high-powered delegation to the Second CARICOM-Mexico Summit at the Hilton Barbados on May 21.

The one-day summit, which will also bring together regional heads from the 15 Caribbean Community (CARICOM) nations, will be preceded by a Meeting of Ministers of Foreign Affairs on Sunday May 20.

Barbados Prime Minister Freundel Stuart, President Calderon and the current chairman of CARICOM, President Desiré Bouterse of Suriname, are slated to address the summit’s opening ceremony on Monday.

CARICOM leaders are expected to discuss a number of pressing issues, including security, tourism, trade and investment and technical cooperation. They will also deliberate how to exchange ideas on the Inter-American system; and the identification of means by which CARICOM and Mexico could collaborate in hemispheric multilateral fora such as the Organization of American States (OAS) and the recently constituted Community of Latin American and Caribbean States (CELAC).

Another key agenda item will be next month’s United Nations Conference on Sustainable Development (UNCSD) Rio+20 in Brazil.

Mexico assumed the Presidency of the Group of 20 (G20) earlier this year and will also take the opportunity to brief CARICOM Heads of Government on its strategic vision for the G20, as part of its overall goal to establish a forum in which open and constructive dialogue may be facilitated.

CARICOM has identified Mexico as one of the Latin American states with which closer relations should be encouraged as a means of increasing economic activity.

Mexico has the second largest economy in Latin America and is a major oil producer and exporter. It has been listed as an emerging market, which, along with Brazil, Russia, India and China (BRIC) and Vietnam, Indonesia, South Africa, Turkey and Argentina (VISTA), has the potential to be ranked among the world’s largest economies in the next three decades. Click here to receive free news bulletins via email from Caribbean360. (View sample)