Russell: Private Sector the engine of economic growth

In an effort to sharpen the competitiveness of the local private sector, the St. Vincent and the Grenadines Private Sector Organisation (PSOSVG), in collaboration with the Caribbean Regional Negotiating Machinery (CRNM), hosted a one-day Trade dialogue, “Making Dollars and Sense of Current Trade Negotiations”, on Tuesday this week.

Opening the trade workshop, Executive Director of the PSOSVG, Randolph Russell noted that the objective of developing a practical position in trade and negotiation is paramount in promoting commercial activity here.{{more}}

“The Private Sector Organisation of St. Vincent and the Grenadines fully recognises the challenge of promoting social and economic responsibility, which is vital to our survival, particularly within the context of our commitment to the CSME, CARICOM and the Global Trade Agreement,” Russell noted.

We must always keep in mind, he mentioned, that the private sector is regarded as the engine of growth in our country.

Apart from trade negotiation, the seminar focused particularly on three industry sectors, banking, music and tourism.

The meeting heard addresses from Trade Minister Sir Louis Straker, OECS Trade Policy Advisor Dr. Claudius Preville and the CRNM’s Private Sector Liaison Officer Lincoln Price.