On Monday 28th May, 2018, the Anguilla Chamber of Commerce and Industry (ACOCI) signed a Memorandum of Understanding with the British-Caribbean Chamber of Commerce. The signing of this important document took place during a brief meeting at ACOCI’s Conference Room. The document was signed by Ms. Pauline Wade, the Deputy Chief Executive of the British Caribbean Chamber of Commerce, and the President of ACOCI’s Board (Ag), Mr. Desron Bynoe. It was witnessed by the Honourable Chief Minister, Mr. Victor Banks and Lord Ahmad of Wimbledon. Lord Ahmad, Minister of State at the Foreign and Commonwealth Office with responsibility for the Overseas Territories, visited Anguilla as part of a six-day visit to the region. Representatives from the British-Caribbean Chamber of Commerce and the Caribbean Council travelled with the Minister and engaged in a full range of meetings focusing on economic development.
His Excellency the Governor, Tim Foy; John Bowers, the Chairman of the Caribbean Council; members of ACOCI’s Board; and members of the media were also present to witness the signing of the MOU.
During the meeting, Lord Ahmad expressed respect and affection for Anguilla and Anguillians, and thanked all for their hospitality. He also expressed his pleasure to witness the signing of the MOU between the Chambers as he stated that it was necessary for “the voice of business and private sector to be recognised.” He spoke further about the MOU helping to set the framework and fostering a mutual relationship between countries. He looked towards the future saying that by signing the MOU there was a strengthening of the bonds of cooperation and collaboration.
The Honourable Chief Minister, Mr. Victor Banks echoed, his sentiments. He shared the importance of establishing more formal links and the strengthening of relations which can benefit Anguilla. He praised the current Chamber for its longevity and productivity noting that it has proven it is able to represent business interest and has the confidence of the private sector.
Desron Bynoe, Acting President of ACOCI, shared that the signing of the document represented the cooperation of mutual parties. He expressed pleasure with partnering with the British Caribbean Chamber of Commerce on the timely socio-economic growth initiative and looked forward to building on the foundation established.
Ms. Pauline Wade also shared sentiments of cooperation. She stated that the agreement would be led by ACOCI and Anguilla’s needs, and that the British Chamber could also offer technical advice. She looked forward to fruitful results in due course.
John Bowers shared that it was also an opportunity for British companies. He implored all to see any obstacles that may arise as opportunities. He shared, “the future looks good for Anguilla and for British companies in Anguilla.”
The Memorandum of Understanding is intended to strengthen the links between the British-Caribbean Chamber of Commerce and the Anguilla Chamber of Commerce and Industry, by enhancing their relationship and raising awareness in business opportunities, partnerships, joint ventures, and investment opportunities, and to increase the flow of international trade between the UK and Anguilla and Anguilla and the UK.
It will also act as a platform to build additional relationships and exchange of ideas, and joint hosting of events in sectors such as renewable energy, agri business, digital, cultural and tourism, or any other sectors that may be agreed between the parties aforementioned.
Under the Memorandum of understanding each Chamber will provide visiting Chamber businesses or trade missions with a welcome and access to each other’s networks. The British-Caribbean Chamber of Commerce will promote members of the Anguilla Chamber of Commerce and Industry, and Anguilla as a place to do business. The Anguilla Chamber of Commerce and Industry will do the same for British businesses and the UK.
The Anguilla Chamber of Commerce is optimistic about the signing of the MOU and looks forward to working closely with the British-Caribbean Chamber of Commerce for the mutual benefit of all members.
By Shellecia Brooks-Johnson
