The Green Climate Fund (GCF) Caribbean Regional Dialogue concluded recently on a high note with the Trade and Business Forum, a session that highlighted the critical role of the private sector in climate resilience and economic transformation.


Led by Caribbean Export, this forum brought together key stakeholders to explore how trade and business can drive the region’s green transition.


Caribbean trade is evolving rapidly, with climate change and sustainability shaping new opportunities and challenges. In 2023,

CARICOM recorded $40.2 billion in exports and $49.6 billion in imports, reflecting a trade deficit that underscores the need for greater economic resilience.


Dr. Damie Sinanan, Executive Director of Caribbean Export, highlighted the importance of MSMEs, which comprise 70-85% of Caribbean economies, playing a crucial role in economic sustainability.


He emphasized the growing opportunities in green trade, particularly in agriculture, clean energy, and digital transformation, while noting the pressing need for supply chain modernization, sustainable production, and intra-regional trade expansion to remain competitive.


The Caribbean has immense potential to lead in sustainable industries, particularly in clean energy, ocean industries, and the Blue Economy. However, logistical barriers, regulatory gaps, and financing constraints continue to hinder progress.