Heads of Government of CARICOM have committed to reducing the Region’s large food import bill by 25% by 2025. The implementation of the CARICOM Agri-Food Systems Strategy in the Member States, is expected to help achieve this target, by giving special attention to priority crops and products which are highly imported products in the region.

"Generally, structural characteristics of our economies have meant that we import more than 60% of the food we eat, with some countries importing more than 80% of the food they eat. Over the period 2018-2020, the CARICOM food import bill was US$13.76 billion or approximately 5% of GDP.”

-- CARICOM Secretariat Secretary-General, Dr Carla Barnett, speaking at the opening of the Caribbean Investment Forum, November 2022

CARICOM's Vision 25 by 2025 Initiative

IS VISION 25 BY 2025?

CARICOM’s Vision 25 by 2025 is a long-term social and economic partnership among Member States, the Regional Private Sector (through the CARICOM Private Sector Organization-CPSO), Regional Organizations, Producer Groups, Development Partners, and Civil Society, which outlines actions and critical areas of intervention to tackle the region’s rising food import bill, improve intra-regional trade, and create wealth and economic opportunities for every CARICOM Member State.

The Special Ministerial Taskforce on Food Production and Food Security (MTF) guides the implementation of VISION 25 BY 2025. The MTF is made up of Ministers of Agriculture from throughout the region who meet monthly to provide guidance on  the transformation of the agri-food system, to one that is resilient, provides attractive and sustainable wealth creation opportunities for potential investors, and guarantees food and nutrition security for the Member States. 

The CRFM - Accelerating Vision 25 by 2025

CRFM Member States export approximately US$295 million worth of fish and other seafood products, but our imports within this category are valued at US$387 million. Intraregional trade accounts for approximately 20% of this overall trade, so there is much room for improvement. To achieve our target in the Fisheries and Aquaculture sector, we need to reduce imports by at least US$78 million, bringing imports to US$235 million.

Several actions have been advanced by the CRFM towards attaining this VISION 25 BY 2025 mandate, to narrow the trade gap between imports and exports, especially through the promotion of intraregional trade, which remains a high priority for our region. 

CRFM MINISTERIAL COUNCIL DECISIONS

Among the matters prioritized by the CRFM Ministerial Council during its 18th regular Meeting held in April 2024 is the mandate by the CARICOM Heads of Government at the Thirty-Third Inter-Sessional Meeting held in March 2022, to reduce region’s food import bill by 25% by the year 2025.

The Ministers recognized the continued support from CARICOM, Member States, the private sector (including fishers and factory processors), regional and international partners to enhance production and trade of fisheries and aquaculture products and to thereby reduce reliance on extra-regional trade.

The Council agreed that a regional project to address the constraints faced by regional marine capture fisheries and aquaculture processors should be developed for submission to potential funders at the earliest opportunity.

Finally, it reiterated its its commitment and support for the efforts of the CRFM/CARICOM Fisheries and Aquaculture Priority Commodity Working Group and Member States to reduce the imports of fish products into the Community by 25% by the year 2025 and to improve food and nutrition security, thereby ultimately improving the social and economic welfare of Caribbean people.

A year earlier, in April 2023, the CRFM Ministerial Council approved the Protocol to the Caribbean Community Common Fisheries Policy on Aquatic Foods as a Strategic Resource for Food and Nutrition Security.

The Ministerial Council also approved resolutions on Addressing the Constraints of Fisheries and Aquaculture as Priority Commodities to Achieving 25 by 25 and on blue economic growth through sustainable seafood value chain development.

The CRFM commenced work in 2023 with the Caribbean Network of Fisherfolk Organisations to develop an action plan to work towards the CARICOM food production goal through increasing sustainable production of fish and other aquatic foods. The Council received and approved the implementation of the CNFO/CRFM Small-Scale Fisheries Action Plan 2023-2025: Contributing to Achieving the 25% Reduction of CARICOM’s Food Import Bill by the year 2025, plan in April 2024.

The CRFM must continue to promote the sustainable development of aquaculture, through new initiatives to advance the implementation of the CRFM’s 5-year Work Plan for Aquaculture Development. This will enhance the contribution of aquaculture to food and nutrition security, job creation, trade, and blue economic growth, and reduce pressure on nearshore fisheries through exploring integrated multi-trophic aquaculture and expanding mariculture.

CNFO/CRFM Small-Scale Fisheries Action Plan 2023-2025

Contributing to Achieving the 25% Reduction of CARICOM’s Food Import Bill

CRFM action is partnering with the Caribbean Network of Fisherfolk Organisations (CNFO) to implement a number of initiatives, including the CNFO/CRFM Small-Scale Fisheries Action Plan 2023-2025. This is a plan that aims to contribute to achieving the 25% reduction of CARICOM’s food import bill by the year 2025. 

The CRFM plays a supportive role in working with the CNFO to secure sustainable fisheries management and development. The CRFM Secretariat, CNFO, and regional development partners have been asked by the CRFM Ministerial Council to develop project proposals for the implementation of the CNFO/CRFM Small-Scale Fisheries Action Plan 2023-2025. The Council underscored the need to promote the development of the CNFO, national fisherfolk organizations, and fishers across the region through networking, representation, and capacity building.

Promising Potential: New Plant Enhancer from Sargassum Seaweed

“Since the COVID-19 pandemic, the cost of fertilizers has skyrocketed, and farmers across the region need more affordable, high-quality fertilizers to improve their yields, especially in the stressful environment brought about by warmer temperatures and drought conditions. Anything that we can do to improve the supply and reduce costs and dependence on imports will be impactful.”

-- Milton Haughton, Executive Director, CRFM Secretariat

We are working towards developing a prototype plant enhancer or biostimulant to boost agricultural production under the regional Sargassum Products for Climate Resilience Project, funded by the New Zealand Ministry of Foreign Affairs and Trade. This initiative is being implemented by the Caribbean Regional Fisheries Mechanism (CRFM) and the New Zealand Institute for Plant and Food Research Limited (PFR). The accompanying photo (courtesy M. Haughton) shows the outcome of the greenhouse trial with liquid organic fertilizer derived from Sargassum.

The project has the potential to support a reduction in production costs through substituting for high-cost fertilizer imports. This can also contribute towards Vision 25 by 2025 by supporting agricultural production for increased food production, food security, and food sovereignty.

 Vision 25 by 2025 YouTube Playlist 

The Caribbean Regional Fisheries Mechanism (CRFM) joins the Caribbean Community (CARICOM) in celebrating its 49^th year of existence! CARICOM's establishment on July 4, 1973 paved the way for the creation of this vibrant regional community, which we now serve. The CRFM is a specialized CARICOM Institution which was established in 2002 by CARICOM Heads of States, to promote sustainable use of the living marine and other aquatic resources by the development, efficient management, and conservation of such resources. We are committed to working together with all CARICOM Institutions, Member States and People to realize the vision & objectives of the integration process, towards socio-economic development and improving the quality of life of the People in the community.

OUR VISION

Effective management, conservation and sustainable use of fisheries and aquaculture to maximize social and economic benefits in the CRFM Member States.

OUR MISSION

Promote and facilitate responsible and sustainable use of the region’s fisheries and other living aquatic resources for improved food security, livelihood, and welfare of the people of the region.

OUR ULTIMATE OUTCOMES

▪ Sustainable growth for all CARICOM Member States
▪ Reduced environmental vulnerability
▪ Improved quality of life for all the Community
▪ An integrated Community with equity for all

#IamCARICOM #CARICOMDAY2022

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