The Virgin Islands is moving to strengthen food security and economic resilience through a proposed partnership with the Dominican Republic (DR).
Speaking during his State of the Territory Address, Premier and Minister of Finance Dr Natalio Wheatley announced that Cabinet has approved the start of formal negotiations towards a Memorandum of Understanding (MoU) with the Dominican Republic.
“Cabinet recently approved the commencement of formal negotiations toward a Memorandum of Understanding with the Dominican Republic, focused on food security, trade and broader economic cooperation,” Wheatley said.
According to the Premier, the proposed agreement could strengthen supply chains, improve market access and deepen ties between the two neighbouring territories.
Investing in Local Production
Wheatley said government is also investing in agriculture and fisheries as part of a broader push to improve food security.
He indicated that more than 30 farmers and fishers have received grants to support their businesses, while plans are advancing for a fish landing site at the Omar Hodge Fisherman’s Wharf, with construction expected to begin in the fourth quarter of this year.
The Premier also highlighted plans for an Agriculture Complex, a modern abattoir and a dedicated farmers’ reservoir to boost agricultural production and improve water access.
“Because food security is national security,” Wheatley stated.
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