Tuesday, Jun 30th

LATEST:
You are here: Islands Islands News Ys: Dutch Caribbean isles must foster trade among themselves

health-city-587x73-3

Ys: Dutch Caribbean isles must foster trade among themselves

~ Suggests formation of kingdom business bureau ~

DAWN BEACH--Former Netherlands Antilles Prime Minister Etienne Ys minced no words when it came to exploring and encouraging trade and business in the Dutch Caribbean, when he said Wednesday that the biggest problem the islands face in progressing economically is their lack of communication.

"The islands are not talking business to each other. We don't have commercial treaties. We don't encourage business with each other," Ys stated at the 18th InterExpo Congress at The Westin St. Maarten Dawn Beach and Spa.

The former prime minister decried plans by Curacao and St. Maarten to split the Central Bank of Curacao and St. Maarten and possibly create to new currencies for the countries. He classified this pending move as "making doing business more difficult" for investors interested in the two countries.

To achieve more and re-invigorate trade, Ys said economic cooperation among the islands, with the Netherlands and other countries "must be a fix item" on the agenda for all kingdom partners and must take the form of public/private partnership.

He suggested that the partnership takes the form of a "Holland-Dutch Caribbean BV". This will serve as a bureau, similar to a chamber of commerce that will promote international commercial cooperation between and through the countries of the kingdom. The bureau must be politically neutral and give special attention to small and medium enterprises and focus on building relationships with Latin America.

It's time for more action on creating and sustaining trade linkages, he said. "I'm advocating for public and private sectors to sit together."

He pointed out that much can be accomplished when the islands come together, such as the constitutional changes realised in October 2010.

Ys' presentation centred on "Economic Cooperation within the Kingdom - a win-win approach."

He expounded on the Dutch seeing the islands as a hub to the Americas more than 300 years ago, a hub function that still exists, but is not fully utilised in present day with the Dutch Caribbean move away from trade and commerce to development aid in the past 150 years.

There has been "no attention" to trade, particularly in the past decade by the Dutch Caribbean islands. Ys said the islands and the Netherlands have talked about everything from constitutional change to fiscal stability. "But, we have stopped talking trade."

He questioned if the neglect of trade had to do with the Netherlands no longer being a viable international trade country as it was in the past, or whether the islands are no longer fit to be a gateway any longer. Neither of these statements is true, he countered, saying that the Netherlands is still one of the top 10 trade countries in the world, the fifth top exporter, the seventh importer and the 11th international investor, and the islands are still a gateway to the Americas and can become Latin America's hub to Europe.

"Why aren't we talking about cooperation ... We have a partner," Ys, in his customary direct way, told the gathering of business and government representatives from across the kingdom.

The islands are well situated, have good telecoms, rule of law, are part of the Dutch Kingdom, have a well-educated labour force, and are high-income economies among others. "I think the islands are still a hub for the Netherlands and Latin America."

Ys pointed out that building on that hub function is more important now, with the countries closest to the Dutch Caribbean islands "becoming rich." Those potential markets include Argentina, Brazil, Colombia, Mexico, and Peru.

The Netherlands is "not hitting Latin America enough" as its major partners are Brazil and Argentina. However, that's poised to change with the current Dutch Government international business policy focusing on intensifying trade with Brazil, Colombia and Mexico by helping Dutch small and medium enterprises to go international. The Dutch Good Growth Fund will finance these ventures via loans, guarantees and equity participation.

Image
Two taxi drivers receive tokens of appreciation
Tuesday, 30 June 2015
MARIGOT--Taxi drivers Anthony Lewis and Augustin Bernard have been recognised by St. Martin Tourism... Read more...
Armed bandits rob Milan jewellery store
Tuesday, 30 June 2015
PHILIPSBURG--Philipsburg was abuzz with news of yet another robbery of a jewellery store. This time... Read more...
Image
50 years of cutting cane may not be enough to keep Dominican Republic from deporting Haitians
Tuesday, 30 June 2015
SANTO DOMINGO, Dominican Republic--When André Pérez first left Haiti for the Dominican Republic... Read more...
Image
One dead in freak storm
Sunday, 28 June 2015
PARAMARIBO--One man died Sunday morning, when a tree fell on top of his car during a freak storm.... Read more...
Image
Washington state wildfire destroys at least 23 homes
Monday, 29 June 2015
WENATCHEE, Washington--A wildfire burning unchecked in Washington state has destroyed at least 23... Read more...
Image
Divided Supreme Court upholds Oklahoma lethal injection process
Monday, 29 June 2015
WASHINGTON--The Supreme Court on Monday found that a lethal injection drug used by Oklahoma does... Read more...
Image
Israel blocks foreign activist flotilla from reaching Gaza
Monday, 29 June 2015
JERUSALEM--Israeli forces boarded a boat leading a protest flotilla of foreign activists to the... Read more...
Image
In turf war with Afghan Taliban, Islamic State loyalists gain ground
Monday, 29 June 2015
SURKH DEWAL, Afghanistan--Fighters loyal to Islamic State have seized substantial territory in... Read more...
Image
Cautious Merkel on verge of biggest risk with "Grexit"
Monday, 29 June 2015
BERLIN--"If you break it, you own it," former U.S. Secretary of State Colin Powell warned President... Read more...
Image
China's prime minister offers Europe investment, wants Greece in euro zone
Monday, 29 June 2015
BRUSSELS--China used an EU summit on Monday to promise to invest in the bloc's new infrastructure... Read more...
Image
The hypocrisy of a Caribbean Marxist
Tuesday, 30 June 2015
Dear Editor, On Saturday night at University of St. Martin, Comrade Dr. Ralph Gonsalves, Prime... Read more...
Image
Ears burning
Monday, 29 June 2015
Dear Queenie, Nowadays it seems everyone talks with a foul mouth – f***ing this and s*** that. I... Read more...
Image
St. Maarten kickboxers Earn two Amateur titles
Monday, 29 June 2015
ST. PETERS-- Sebastain Daniel from St. Maarten won the first Amateur Junior Caribbean title... Read more...
Image
Serena and Djokovic up and running at Wimbledon
Monday, 29 June 2015
LONDON-- Novak Djokovic and Serena Williams made strong cases for the less is more approach to... Read more...
Image
Sean Combs tumbles, Janet Jackson gets emotional at BET awards
Monday, 29 June 2015
LOS ANGELES--Rapper Sean "Diddy" Combs took a tumble, Janet Jackson made an emotional appearance,... Read more...
Image
Mayweather and Pacquiao top Forbes best paid celebrity list
Monday, 29 June 2015
NEW YORK--Boxers Floyd Mayweather and Manny Pacquiao topped Forbes list of the world's 100... Read more...
Image
Celebrating 4th of July
Tuesday, 30 June 2015
~ American Independence Day ~ With the progress of globalization, July Fourth is arguably the most... Read more...
Image
Workshop For Women
Tuesday, 30 June 2015
Kooyman holds workshop for women July 11 Kooyman Megastore in Cay Hill will be bolstering the... Read more...
Editorial - In the middle
Tuesday, 30 June 2015
The same-day postponement of Monday’s continuation “until further notice” of a plenary... Read more...
Editorial - Much-needed support
Sunday, 28 June 2015
Curaçao policeman Xavier de Windt was sentenced to eight years in prison and forbidden to execute... Read more...
Image
Tuesday June. 30, 2015
Tuesday, 30 June 2015
Image
Monday June. 29, 2015
Monday, 29 June 2015
Notices June 30
Monday, 29 June 2015
Teachers, Volunteers Needed I Too Can Learn (ITCL) Foundation is seeking teachers (Special Ed) and... Read more...
Notices June 29
Sunday, 28 June 2015
Teachers, Volunteers Needed I Too Can Learn (ITCL) Foundation is seeking teachers (Special Ed) and... Read more...