
PORT
OF SPAIN, Trinidad, CMC - Prime Minister Patrick Manning has warned that
Trinidad and Tobago could “pay in blood” if it fails to enter into an
economic and political union with the Organisation of Eastern Caribbean
States (OECS).
Addressing a special convention of the ruling People’s National Movement
(PNM) last Sunday, Manning said that the economic problems confronting
the Eastern Caribbean pose a threat to the economic and well being of
his oil-rich twin island republic.
“You want to come, the doors are open. We are not trying to mash up
anything,” Manning said, in an apparent response to concerns expressed
by Jamaica’s Prime Minister Bruce Golding that the Trinidad-OECS union
would pose problem for the wider Caribbean Community (CARICOM).
Trinidad and Tobago and St. Lucia, Grenada and St. Vincent and the
Grenadines have indicated their willingness to form and economic and
political union by 2013. The move has been supported by the other
members of the sub-regional organisation.
A special committee headed by former St. Lucia Prime Minister Dr.
Vaughan Lewis and Trinidad diplomat Dr. Cuthbert Joseph has submitted a
report outlining the modalities for entering into the union.
Manning said the proposed union was open to all Caribbean countries,
noting that economic blocs were being formed all over the world as
countries seek to consolidate their future socio-economic development.
He said that the OECS countries met last week and agreed to sign on to
the initiative stressing that Port of Spain had no desire to dominate
the union.
“We don't have the resources to do that. We do not have the resources to
dominate,” he said, adding that Trinidad and Tobago could not take care
of the debt of all these (OECS) countries.
“What we are after is a collaborative arrangement, economically and
politically, that would redound to the benefit of all...uplifting the
standard of all countries of the region.
“Whether we in Trinidad and Tobago like it or not, we cannot stand idly
by and watch the Caribbean in this economic situation and do nothing
about it. We will pay in blood for taking such a position,” he said.
Manning noted that the threats to Trinidad would include mass illegal
migration of the people of the Eastern Caribbean states, an increase in
drug activity and a decline in the Trinidad and Tobago manufacturing
sector. “So when we say we want to enter into an arrangement with the
Eastern Caribbean, it is not to satisfy anybody’s ego, my dear friends.
It is a realisation that if we don’t go it, we don’t do it at our own
peril," he said. Manning said that Trinidad and Tobago exports TT$400
(US$66 million) annually to the Eastern Caribbean and that over the last
few years, the local economy had grown significantly despite the global
economic and financial crisis.
He told supporters when he had earlier referred to the economic downturn
as a “blip” it was by no means a “slip of the lip” given now that the
indicators were showing improvement including the price of oil that was
now selling around US$70 a barrel.
“I have been around for a long enough time to know what I am talking
about. I have been through these situations before,” he said.
Manning said while unemployment had risen to 5.6 percent as a result of
the economic downturn, it was still “far better than almost any other
country in the Caribbean”.
Manning told supporters that unemployment in St Vincent and the
Grenadines was 18 percent and in the bulk if the Eastern Caribbean
between 15 and 20 percent.
Manning also indicated that CARICOM would need to address the
Venezuela-led Bolivarian Alternative for the Americas (ALBA) the
Venezuela led initiative that is intended to be an alternative to the
Free Trade Area of the Americas (FTAA).
Manning said that with CARICOM countries joining ALBA, CARICOM may now
have to hold talks with Venezuela to ensure that ALBA is not pursued to
the detriment of the regional integration movement.