The food import bill in Caribbean Community (CARICOM) member states, may be reduced by up to 25 per cent in 2025 due to the establishment of the Guyana/Barbados food terminal in Barbados.

This is according to the Prime Minister of Barbados, Mia Mottley who was speaking during a joint press conference on Friday with the Prime minister of Dominican Roosevelt Skerrit.

Mottley said the investment in such a facility will allow for the movement of food from countries that are involved in mass agriculture production.

“We got to perfect the logistics, and we believe that the investment in the Guyana/Barbados food terminal will be critical. We have the plans and the numbers we are working on,” Mottley stated.

Mottley added that she will convene a meeting shortly with financial institutions to deliberate on the establishment of the terminal, and other projects to ensure that affordable capital is available to state entities, and private sector individuals to be able to expand production and undertake logistics.

Addressing the issue of the movement of goods and services within the region, Mottley stated that the Caribbean Development Bank (CDB) has agreed to take the lead in this regard to see how the issue could be resolved.

https://www.nationnews.com/2022/05/22/guyana-barbados-launch-food-terminal-region/