Description
The EU's trade and development partnership with the Caribbean stretches back over more than 30 years. At its heart today is the CARIFORUM-EU Economic Partnership Agreement, or EPA. This is a new partnership which CARIFORUM - a group of 15 Caribbean countries - and the EU signed in 2008. The agreement also comes with substantial EU aid for trade.
The purpose of the agreement is to make it easier for people and businesses from the two regions to invest in and trade with each other and thus to help Caribbean countries grow their economies and create jobs.
Source:
http://ec.europa.eu/trade/policy/countries-and-regions/regions/caribbean/