Experts urge border reform to counter trade fragmentation

Experts urge border reform to counter trade fragmentation

Caribbean governments must modernise border systems, reduce port and travel costs, and improve real-time data sharing to protect regional trade and economies from increasingly permanent global disruptions, speakers at a Central Bank of Barbados seminar have warned. Outdated border regulations, cumbersome customs procedures and persistent data silos are stifling intra-regional trade and leaving domestic economies vulnerable to global trade shocks…