The Cable

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(Barbados Today) Caribbean Community (CARICOM) private sector trade officials, uncertain about the future of trading with Britain after it leaves the European Union (EU) in 2019, are considering options that they can present to London post-Brexit.

A number of developmental agencies, regional bodies and government representatives are meeting at the Radisson Aquatica Resort in a forum on the implications of Brexit for the Economic Partnership Agreement (EPA), a trade deal between the European Union and African, Caribbean and Pacific nations.

The United Kingdom (UK) accounts for about 21 per cent of total export to the EU. However, when the UK leaves Europe it will no longer be a party to the EPA, which was signed in October 2008, giving preferential trade deals to CARICOM member states.

In addition, EU leaders have made it clear Britain will not be allowed to reach any trade deals with third countries before there is clear progress on the terms of the break up.

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