Dominica signs Regional Procurement and Assets Recovery Agreements

February 19, 2020 - 536 views

The Prime Minister of Dominica, Hon. Roosevelt Skerrit on February 18, 2020, joined other  Caribbean Community (CARICOM) Heads of Government in Barbados to discuss issues ranging from current public health concerns to strengthening ties with Africa. 

The two-day 31st Inter-Sessional Meeting, under the Chairmanship of Barbados’ Prime Minister Mia Mottley, is expected to deliberate on a regional approach to the CoronaVirus as well as the continuing challenges posed by non-communicable diseases (NCDs).

On February 19, Skerrit signed the country on to two important regional agreements. 

These are, the Protocol on Public Procurement for the Caribbean Community, which gives individuals and firms the opportunity to bid for public sector contracts in all CSME-participating Member States on the Regional Procurement Notice Board. The Protocol is aimed at creating the necessary competitive and non-discriminatory conditions to facilitate the achievement of the best value for money, while also providing access to a single market with regional sales. 

Dominica brings the number of signatories to the five required to bring the Protocol into effect. The other signatories are Antigua and Barbuda, Barbados, Belize and St. Vincent and the Grenadines.

The Agreement on the Return or Sharing of Recovered Assets, which is intended to strengthen regional cooperation in this area by establishing a framework for the return or sharing of illicitly acquired proceeds that have been confiscated. The Agreement also facilitates the provision of assistance to victims of money laundering and increased financing for regional security institutions.