A groundbreaking economic partnership between Africa and the Caribbean is gaining momentum as new research reveals export opportunities exceeding $1.6 billion. The CARICOM Private Sector Organization (CPSO) presented findings indicating that African Union exports to CARICOM nations could dramatically transform regional supply chains and economic resilience.
The revelations emerged during the inaugural AfriCaribbean Private Sector Webinar Series launched on January 20, 2026, titled “Unlocking AfriCaribbean Trade and Investment: Opportunities, Ecosystems and Private Sector Leadership.” This virtual gathering, jointly organized by the International Trade Centre, African Export-Import Bank (Afreximbank), CPSO, and Africa Business Council, brought together over 200 private sector leaders, ministers, and development agencies from both regions.
Antigua and Barbuda’s Foreign Affairs and Trade Minister, Honourable E.P. Chet Greene, delivered a keynote address emphasizing the urgency of strengthening Africa-CARICOM economic relations amid global trade disruptions. “Political leadership establishes the framework,” Minister Greene stated, “but it is businesses that drive innovation, generate trade volumes, mobilize investment, and create employment. If AfriCaribbean integration is to succeed in practical terms, it must now be carried forward by the private sector.”
The comprehensive study, “Africa Union-CARICOM Trade in Goods: Scope and Potential,” identifies 579 competitively priced product lines that African nations can supply to Caribbean markets. Remarkably, at least 13 African Union countries can provide over $58 million worth of non-mineral fuel imports to the Caribbean Single Market and Economy at approximately 60% of current benchmark prices.
Dr. Patrick Antoine, CPSO CEO and Technical Director, presented compelling market data showing that most identified products have sourcing options from at least four African countries, demonstrating remarkable supply diversity. “At moments like these, the role of the private sector becomes even more vital,” Dr. Antoine emphasized. “We must be prepared to respond with agility and seize opportunities wherever they emerge.”
Despite the promising outlook, participants acknowledged significant challenges including limited transportation connectivity, elevated logistics costs, and fragmented payment systems. Anthony Ali, CEO of Goddard Enterprises Limited and CPSO board member, shared practical insights from direct African market engagement, highlighting opportunities for local production partnerships and reciprocal market presence.
The webinar series will continue with focused sessions on agriculture, fashion and creative industries, cosmetics and wellness, and health technologies, further exploring sector-specific collaboration opportunities between the two regions.