IMPLICATIONS OF BREXIT A BUSINESS PERSPECTIVE

BREXIT – IT’S NOT A JOKE

BREXIT BACKLASH British Pound has depreciated by over 10% £ at Lowest Value in 31 Years UK’s Credit Rating Downgraded Wiped $2 Trillion off Global Stock Markets

CONTRIBUTION OF REMITTANCES TO GDP (%) 16.7 (2015) JAMAICA 21.2 (2009) HAITI 17.3 (2009) GUYANA 8.6 (2009) GRENADA

TOP 10 EXPORTS FROM CARICOM TO THE UK Sugar and sugar confectionary Mineral fuels, oils, distillation products, etc Edible fruit, nuts, peel of citrus fruit, melons Beverages, spirits and vinegar Organic chemicals Fish, crustaceans, molluscs, aquatic invertebrates Vegetable, fruit, nut, etc food preparations Articles of apparel, accessories, knit or crochet Plastics and articles thereof Edible vegetables and certain roots and tubers In 2015, CARICOM exported US$476.19 million to the UK, which was 15.9% lower than 2014

THE FACES OF CARIBBEAN EXPORTS

THREAT TO TOURISM Tourism is a significant contributor to GDP The tourism sector is a significant contributor to FX The Caribbean is a prime destination for UK Visitors Doctors Cave Beach – Photo Credit - http://www.doctorscavebathingclub.com/gallery.html