The Davis administration has forged new relationships throughout the world to facilitate greater trade and exchange opportunities.  As a result in 2022, the PLP government implemented The Bahamas’ first comprehensive National Trade Policy to diversify exports and integrate more fully into global commerce.

The increased emphasis on trade has resulted in cheaper prices for eggs and the initiation of discussion to import common food items, such as meats, at lower prices.

Under the PLP, The Bahamas has taken a more assertive role on the world stage, deepening ties with traditional allies and forging new friendships. The government has prioritised engagement with African, CARICOM, and Latin American nations, opening doors for trade diversification and cultural exchange. 

The government also signed multiple bilateral agreements – from a security and education MOU with the United States (to enhance STEM education and border protection) to new cooperation accords with Barbados, Cuba, and the EU on trade and climate finance. The Ministry of Foreign Affairs re-established a resident ambassador in the United Arab Emirates and announced plans for the first Bahamian diplomatic mission in Africa, expanding our global footprint. 

These efforts have already borne fruit. These include a $200 Million Infrastructure Agreement with Afreximbank, the inaugural AI programme providing AI skills to UB students in partnership with the King Abdullah University of Science and Technology, a partnership with the US to provide healthcare services in Andros, and a greater role in discussions on climate finance and financial services reform at the UN.