Antigua partners with Guyana to cut cost of living

Antigua and Barbuda has announced a groundbreaking collaboration with Guyana to launch a new food import initiative aimed at reducing the cost of living for its citizens. The partnership seeks to secure affordable fruits, vegetables, and other essential produce for the local market, with the goal of driving down prices. Maurice Merchant, Antigua’s Director General of Communications, revealed that the Cabinet has tasked Agriculture Minister Anthony Smith Jr. with coordinating the arrangement with Guyana’s government. This initiative follows high-level discussions between Antigua and Barbuda’s Prime Minister, Gaston Browne, and Guyana’s President, Irfaan Ali, during the COP30 conference in Brazil. Additionally, the Cabinet has decided to reduce the Common External Tariff (CET) on critical food items, including fresh produce, canned proteins, and infant foods. This measure, approved by the Caribbean Community (Caricom) Council for Trade and Economic Development (COTED), will suspend CET on basic food commodities from July 1, 2025, to June 30, 2026, to mitigate the impact of rising global food prices. Currently, nearly 90% of Antigua and Barbuda’s food imports originate from North America, leaving the nation vulnerable to global market fluctuations. The partnership with Guyana aims to diversify supply sources within Caricom and ensure lower import costs directly benefit consumers. Officials anticipate that the first shipments from Guyana could help stabilize supermarket prices by early 2026. This initiative aligns with Caricom’s “25 by 2025” goal, which seeks to reduce regional food import bills by 25% and strengthen agricultural ties among member states. In a related development, the government plans to introduce legislation in 2024 to curb sugary drink consumption as part of a broader strategy to promote healthier lifestyles and combat diet-related illnesses. Merchant emphasized that the proposed bill will complement recent food price interventions and encourage better dietary choices among citizens.