What Caribbean Rum Cake Can Tell Us About Trade | Trade Tips Podcast

World Bank Group I Trade Tips Podcast

In this episode of the World Bank Group's Trade Tips podcast, we find out what Caribbean rum cake can tell us about trade. We learn about the World Trade Organization's Trade Facilitation Agreement and why National Trade Facilitation Committees – made up of both the private and public sectors – are essential for cutting red tape and making trade work better.

We hear from a trader in Jamaica about the challenges and opportunities, and from the World Bank's Bill Gain, on possible solutions.

Listen now! Tell us what you think of our podcast here.

Featured Voices

• Jeffrey Hall, CEO, Jamaica Producers Group: “The idea of Kentucky Bourbon cake being made in Jamaica is precisely what global trade is all about. It’s putting all of these ingredients together and serving them to the world. And we need trade facilitation for this to take place.”
• Bill Gain, Head of Trade Facilitation and Border Management, World Bank Group: “The Agreement will help improve transparency and predictability, and increase opportunities for developing countries.”

Timestamps

[00:05] Welcome and introduction

[01:29] Introduction to the Trade Facilitation Agreement & the National Trade Facilitation Committee

[03:30] To the Caribbean to meet the Jamaica Producers Group

[05:13] Lesson in trade tips via cake

[05:34] What is Tortuga Rum Cake? Why does trade facilitation matter?

[08:04] Treasure hunt of stamps and documents

[09:37] Jamaica’s take on the TFA

[11:18] Importance of the public and private sector coming together

[12:37] From Tortuga Rum Cake in the Caribbean to a coffee in London

[12:50] What is the WTO TFA?

[13:48] So how does it cut red tape? How does it make things easier at the border?

[15:39] Closure and thanks for listening!

Presenter and Producer: Sarah Treanor

Executive Producer: Marisa Zawacki

Cover art photography: Jamaica Producers Group

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This podcast was created by the World Bank Group with funding from the Trade Facilitation Support Program (TFSP). The TFSP is funded by nine donor partners: Australia, Canada, the European Commission, the Netherlands, Norway, Sweden, Switzerland, the United States, and the United Kingdom. This initiative provides assistance to countries seeking to align their trade practices with the World Trade Organization Trade Facilitation Agreement (WTO TFA).

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ABOUT THE TRADE TIPS PODCAST

This Trade Tips podcast tackles the big issues in the world of trade and explores solutions. In this new podcast from the World Bank Group, we take you on a journey around the globe – from Vanuatu to Ghana, Jamaica to Nepal, London to Washington, DC. Through conversations with traders who are being affected by key issues like climate change, digitization, gender – and experts offering cutting-edge solutions – we highlight why trade matters and how it can be made more efficient. Don't miss an episode! Listen and subscribe for free on your favorite platform. Tell us what you think of our podcast here.

ABOUT THE WORLD BANK GROUP

The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

ABOUT THE WORLD BANK GROUP’S WORK ON TRADE

Trade is an engine of growth that creates better jobs, reduces poverty, and increases economic opportunity. The World Bank Group works with client countries to improve their access to markets and enhance their participation in the global economy. Learn more.