AGP Executive Report

EU Trade Policy: EU economy ministers agreed to tighten rules on when countries can suspend the carbon emissions fee on imports, limiting exemptions to cases where the product price jumps at least 50% over six months versus the prior 10-year average—aimed at boosting certainty for low-carbon investment. Martinique Health & Industry: Health minister Dr Frank Anthony says Martinique’s oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive nuclear drugs for certain cancers, following discussions with local doctors and isotopes tailored to specific treatments. Energy Storage in the Region: France’s energy regulator CRE selected five Corsica electricity storage projects totaling about 48 MW (pumped hydro plus batteries), with contracts running into the 2040s–2050s and costs noted as lower than earlier storage rounds in Guadeloupe, Martinique and Réunion. Caribbean Logistics & Travel Pressure: Reports on airline collapses tied to fuel shocks highlight how the Strait of Hormuz disruption has pushed jet-fuel costs sharply higher, contributing to administration cases like European Cargo and cancelled holiday plans. Tourism & Culture: Fort-de-France will host the 4th Reggae Therapy Festival on July 11–12, 2026, bringing major international reggae acts plus local food and crafts—positioned as a direct showcase of Martinique’s territory and gastronomy. Local Infrastructure Watch: Warwick District Council is considering a £235,000 feasibility study to revive the derelict Linen Street multi-storey car park, weighing partial demolition, refurbishment and strengthening to reopen leaseholder spaces and potentially add revenue. Rum-Adjacent Lifestyle: Mount Gay and Devereux Golf launched a limited-edition menswear collection mixing rum branding with golf gear, reinforcing the brand’s sports and Caribbean lifestyle footprint.

EU Trade & Climate Rules: EU economy ministers agreed to tighten when countries can suspend the carbon emission fee on imports under the bloc’s carbon border levy, with suspensions only possible if strict criteria are met (including a 50% price jump over six months versus a 10-year average), aiming to boost certainty for low-carbon investment. Martinique Health & Exports: Martinique’s oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive nuclear drugs for certain cancers, following discussions with local doctors and a ceremony with cancer survivors. Caribbean Tourism & Culture: Fort-de-France will host the 4th Reggae Therapy Festival on July 11–12, 2026, bringing major international reggae names plus local food and craft village programming. Aviation & Logistics Pressure: Airlines continue to collapse amid fuel shocks linked to the Strait of Hormuz disruption, with European Cargo among the latest casualties and job losses reported. Energy Storage Watch: France’s energy regulator selected Corsica electricity storage projects totaling about 48 MW, mixing pumped hydro and batteries to improve renewable integration. Local Infrastructure (Regional): Carriacou’s minister reports progress on airport, jetty, and road projects after Hurricane Beryl, targeting completion dates through 2026.

Carbon Border Levy: EU economy ministers agreed to tighten when the bloc can suspend its carbon emissions fee on imports, using criteria like a 50% price jump over six months—aimed at giving more certainty for low-carbon investment while protecting EU industries. Caribbean Health & Industry: Martinique’s oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive nuclear drugs for cancer treatment, following talks with local doctors and health authorities. Infrastructure & Connectivity (Carriacou): Carriacou’s local government minister toured major aviation, maritime, and road projects after Hurricane Beryl, including Lauriston Airport expansion and night landing works, Windward Jetty redevelopment, and Bogles Road rehabilitation. Cruise & Shipping Demand: MSC Opera has started its European summer season before repositioning to the Southern Caribbean, with year-round Caribbean sailings planned from late 2026 and calls including Fort-de-France. Tourism & Local Culture: Fort-de-France will host the 4th Reggae Therapy Festival on July 11–12, 2026, spotlighting international reggae stars plus a village of Martinican food and crafts.

Caribbean Health & Industry: Martinique’s health ministry says an oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive nuclear drugs for cancer treatment, with isotopes to be sent to local doctors for use on patients. Energy Storage Watch: France’s energy regulator (CRE) has picked five Corsica electricity storage projects totaling about 48 MW (pumped hydro plus batteries), with service due 2029–2030, aiming to better integrate renewables and cut solar curtailment. Airlines & Fuel Pressure: A week of fallout from global fuel shortages linked to the Strait of Hormuz disruption has pushed 11 airlines into administration, including UK-based European Cargo, raising pressure on travel and logistics costs. Cruise & Port Links: MSC Opera is returning to Europe for summer sailings before repositioning to the Southern Caribbean with year-round operations from late 2026, including itineraries departing from Fort-de-France. Local Infrastructure: Warwick District Council is seeking £235,000 for consultants to assess options to reopen and extend a derelict Linen Street multi-storey car park, potentially restoring leaseholder spaces and adding revenue. Caribbean Trade & Culture: A historical look at how coffee reached America ties the commodity’s rise to Caribbean slavery, colonial politics, and maritime trade networks.

Caribbean Health & Industry: Martinique’s oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive nuclear drugs to treat certain cancers, with health minister Dr Frank Anthony saying isotopes will be sent to doctors for patient use. Energy Storage: France’s energy regulator CRE has picked five Corsica electricity storage projects totaling about 48 MW (pumped hydro plus batteries), scheduled to enter service in 2029–2030 to better integrate renewables and cut solar curtailment. Aviation & Fuel Pressure: Eleven airlines have collapsed or entered administration in 2026, with European Cargo the latest, as fuel shortages and soaring jet-fuel costs linked to the Strait of Hormuz disruption keep forcing redundancies and cancelled trips. Cruise Logistics: MSC Opera is returning to Europe for summer sailings before repositioning to the Southern Caribbean, with year-round operations planned later in 2026 and departures including Fort-de-France. Local Infrastructure: Warwick District Council is considering a £235,000 feasibility study to revive the derelict Linen Street Car Park, aiming to reopen leaseholder spaces and potentially generate revenue.

Derelict Parking Revival: Warwick District Council is set to spend £235,000 on consultants to assess whether the derelict Linen Street multi-storey car park can be partially demolished, refurbished, and structurally strengthened—aiming to reopen leaseholder spaces and potentially add more parking revenue. Cancer Care Supply Chain: Martinique’s health authorities say an oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive drugs to treat cancers, following talks with local doctors and a ceremony marking cancer survivors. Energy Storage Procurement: France’s energy regulator CRE has selected five Corsica storage projects totaling about 48 MW (pumped hydro plus batteries), with service expected in 2029–2030, citing falling battery costs versus earlier rounds in Martinique and other islands. Aviation Shockwaves: Eleven airlines have collapsed in 2026, with holiday cancellations and job losses reported, as fuel-price pressure and geopolitical disruptions push up operating costs and fares.

Health & Pharma Trade: Martinique says its oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive drugs for prostate, breast and cervical cancer treatment, following talks with the Guyana health ministry and the Lotus Cancer Initiative. Energy Storage (French Islands): France’s energy regulator CRE picked five Corsica storage projects totaling about 48 MW (pumped hydro plus batteries), with service due 2029–2030, citing falling battery costs versus earlier rounds in Martinique and other islands. Aviation & Tourism Shock: Eleven airlines collapsed into administration in 2026, with holiday cancellations; the reports point to surging jet-fuel costs after the Iran-related oil disruption, warning fares may rise. Local Infrastructure (Car Park): Warwick District Council is weighing a £235,000 feasibility study to revive the derelict Linen Street multi-storey car park, aiming to reopen leaseholder spaces and explore partial demolition or strengthening. Regional Business Links (Caribbean): Grenada moves to boost economic ties, including visa-free entry for Nigerian entrepreneurs and professionals starting July, alongside a push to enhance tourism sites and airlift.

Energy & Infrastructure: France’s energy regulator (CRE) has picked five Corsica storage projects totaling about 48 MW (pumped hydro plus batteries), with service due in 2029–2030; CRE says battery costs are falling faster than in earlier rounds in Guadeloupe, Martinique and Réunion. Health & Industry (Radiopharma): Martinique’s oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive nuclear drugs to treat certain cancers, following talks with the Lotus Cancer Initiative and the Ministry of Health. Aviation & Tourism Shock: Eleven airlines have collapsed or entered administration in 2026, with holiday cancellations; rising fuel costs tied to the Iran conflict are driving the pressure, and Iata warns profits could be cut in half. Local Construction/Real Estate: Warwick District Council is considering a feasibility study (£235,000) to revive the derelict Linen Street multi-storey car park, aiming to reopen leaseholder spaces and potentially generate income. Caribbean Business Links: Grenada is moving toward visa-free entry for Nigerian entrepreneurs and professionals (starting July), aiming to boost investment and trade ties. Climate Resilience (Policy Support): Grenada hosted a validation workshop for its Citizen’s Guide to Climate Change Adaptation for Grenada, Carriacou and Petite Martinique, feeding into its 2025–2030 adaptation plan.

Energy Storage Watch: France’s CRE picked five Corsica electricity storage projects totaling about 48 MW (pumped hydro plus batteries), with service due 2029–2030; CRE says battery costs are falling, and proposed prices came in lower than earlier storage rounds in Guadeloupe, Martinique and Réunion. Aviation & Connectivity: LIAT (2020) and Air Caraïbes agreed an interline deal to sell one ticket across networks, check luggage through to the final destination, and link Eastern Caribbean routes with Air Caraïbes services including Martinique/Guadeloupe and long-haul to Paris Orly. Health & Industry Links: Martinique’s oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive drugs for cancer treatment, as health minister Dr Frank Anthony announced. Security & Maritime Operations: A French Navy operation in the Caribbean (“Royal Toucan”) seized 737 kg of cocaine after boarding a speedboat, with suspects handed to Colombian authorities. Regional Legal Capacity: The OHADAC–CARO arbitration and ADR training programme is set to launch in June, aiming to make dispute resolution more predictable for businesses and investors across the Eastern Caribbean, including Martinique. Trade & Ports: France urged Guyana to fast-track its deepwater port to boost trade with Europe, citing connectivity as a key barrier. Air Travel Shock: Eleven airlines collapsed into administration in 2026, with holiday cancellations and warnings that higher jet-fuel costs will push fares up.

Aviation Shock for Tourism: Eleven airlines have collapsed into administration in 2026, with holidaymakers facing cancelled trips as fuel costs surge after the Iran conflict; Iata warns jet fuel spending could jump by $100bn this year and profits may be cut in half, pushing fares higher. Regional Health & Industry: Martinique’s health ministry says an oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive nuclear drugs to treat certain cancers, linking local production to export demand. Air Connectivity for Martinique: LIAT (2020) and Air Caraïbes signed an interline agreement to sell one ticket across networks, including connections to Guadeloupe, Martinique and French Guiana, and onward links to Paris Orly. Security at Sea: French forces, with Dutch and Dominican aircraft support, intercepted a speedboat in the Caribbean and seized 737kg of cocaine, handing suspects and cargo to Colombian authorities. Climate Resilience Planning: Grenada hosted a validation workshop for its Citizen’s Guide to Climate Change Adaptation for Grenada, Carriacou and Petite Martinique, feeding into its National Adaptation Plan 2025–2030.

Aviation Shock: Eleven airlines have collapsed into administration in 2026, with trips cancelled and jobs at risk, as jet-fuel costs surge after the Strait of Hormuz disruption—industry body Iata warns profits could be cut in half and fares will rise. Health & Industry Links: Martinique’s health minister says an oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive drugs to treat certain cancers. Regional Air Connectivity: LIAT Air and Air Caraïbes signed an interline agreement to let passengers book with one ticket and check luggage through across the English/French Caribbean, including Martinique and Guadeloupe, with onward links to Paris Orly. Security & Logistics: A French Navy operation in the Caribbean seized 737kg of cocaine from a speedboat, with suspects detained and the drugs handed to Colombian authorities. Climate Resilience Planning: Grenada hosted a validation workshop for its Citizen’s Guide to Climate Change Adaptation, feeding into its National Adaptation Plan 2025–2030. Disaster Readiness: France’s Armed Forces in the Antilles ran “Operation Caribbean 26,” using Martinique and Guadeloupe RSMA units to rehearse cyclone disaster relief and infrastructure recovery.

Health & Industry Links: Martinique’s oncology centre that manufactures radiopharmaceuticals is ready to supply Guyana with radioactive nuclear drugs to treat certain cancers, with officials citing isotopes tailored to reduce specific cancers. Security & Trade Protection: A French Navy operation in the Caribbean seized 737kg of cocaine from a speedboat, with suspects detained and the drugs handed to Colombian authorities under international cooperation. Regional Connectivity for Business: Grenada’s visa-free entry for Nigerian entrepreneurs and professionals (starting July) aims to boost investment exploration and commercial exchanges, while LIAT and Air Caraïbes expand Caribbean travel via a single-ticket interline deal including Martinique and Guadeloupe links. Legal & Historical Reckoning: France’s National Assembly unanimously repealed the Code Noir, a slavery-era law that treated enslaved people as property—symbolic progress, but calls for deeper justice continue. Tourism & Local Value: Grenada outlined a 12–24 month tourism push focused on site upgrades, digital marketing, community tourism, and stronger airlift—an approach Martinique operators may watch closely. Disaster Readiness: Liberty Caribbean says it is prepared for the 2026 hurricane season, stressing network resilience and rapid response.

Aviation & Connectivity: LIAT (2020) and Air Caraïbes have signed a new interline agreement, letting travelers book both networks on one ticket with through-checked baggage—an easier bridge between English, French and Dutch-speaking Caribbean islands and onward links to Europe via Paris Orly. Maritime Security: A French Navy operation in the Caribbean, supported by Dutch and Dominican aircraft, seized 737kg of cocaine from a speedboat; two suspects were detained and the case handed to Colombian authorities. Disaster Readiness: France’s Armed Forces in the Antilles are running “Operation Caribbean 26” through June 4, with Martinique’s RSMA units and engineering/route-recovery teams training for large-scale cyclone humanitarian response. Legal & Governance (France/Overseas): France’s National Assembly unanimously repealed the Code Noir, a slavery-era law that treated enslaved people as property—symbolic progress, but calls for deeper justice remain. Climate Adaptation (Grenada/Regional): Grenada validated its Citizen’s Guide to Climate Change Adaptation with stakeholders ahead of public release, aligning it with its 2025–2030 National Adaptation Plan. Tourism (Grenada): Grenada outlined a 12–24 month tourism push focused on site upgrades, safer experiences, airlift, digital marketing, and stronger community participation.

Regional Aviation & Connectivity: LIAT (2020) and Air Caraïbes have signed an interline deal to let passengers book across both networks on one ticket with through-checked baggage, with Martinique and Guadeloupe included—an important boost for business and tourism travel across the French and English-speaking Caribbean. Port & Trade Infrastructure: France is urging Guyana to fast-track its planned deepwater port, arguing it would unlock wider European trade links for the region and noting the growing role of French Caribbean territories in regional integration. Disaster Readiness (Martinique-linked): France’s Armed Forces in the Antilles are running Operation Caraïbes 26, a multinational disaster-response exercise simulating a major cyclone, with Martinique’s RSMA units directly under FAA command and engineering/route-recovery capabilities deployed. Maritime Security: A French Navy operation in the Caribbean seized 737kg of cocaine from a speedboat, with suspects detained and the drugs handed to Colombian authorities under international cooperation. Climate Adaptation (Grenada & Petite Martinique): Grenada validated its Citizen’s Guide to Climate Change Adaptation for Grenada, Carriacou and Petite Martinique, aiming for clearer, more practical public guidance tied to the 2025–2030 National Adaptation Plan. Tourism Product Push (Rum & Sites): Grenada outlined a 12–24 month tourism agenda focused on airlift, digital marketing, safety messaging, and upgrades to major attractions—plus a broader regional trend toward rum tourism as a premium growth engine.

Opposition Economics: Grenada’s main opposition New National Party (NNP) says it would cut taxes on water and electricity and “deliver” on promises if it wins the next election, framing current policy as digging deeper into households’ pockets. Tourism Product Push: Grenada also mapped a 12–24 month tourism push—airlift support, stronger digital marketing, and upgrades to major sites including beaches, waterfalls, parks, forts, and rum distilleries—aimed at boosting arrivals and community benefits. Regional Aviation Connectivity: LIAT (2020) and Air Caraïbes signed an interline deal to sell one ticket with through-checked baggage, improving links across the English/French Caribbean and onward to Paris Orly. Legal & Business Justice: The OHADAC–CARO training programmes will officially launch June 10 to build arbitration and ADR capacity across the Eastern Caribbean, including Martinique, to support a more predictable business environment. Maritime Security: A French Navy operation in the Caribbean seized 737kg of cocaine from a speedboat, with suspects detained and the case handed to Colombian authorities. Disaster Readiness: France’s Armed Forces in the Antilles are running Operation Caribbean 26 through June 4, using Martinique and Guadeloupe RSMA units to rehearse cyclone-scale humanitarian and engineering response. Health Transfers: The Calvin Ayre Foundation, with MBS and CalvinAir, facilitated urgent overseas cardiac care for two patients, including transfers to Martinique for specialist treatment.

Aviation & Connectivity: LIAT (2020) and Air Caraïbes signed an interline deal to let passengers book on one ticket with through-checked baggage, linking Eastern Caribbean routes with Martinique/Guadeloupe and onward connections to Paris Orly. Maritime Security: A French Navy operation in the Caribbean seized 737kg of cocaine from a suspect speedboat, with suspects detained and the case handed to Colombian authorities. Disaster Readiness: The Armed Forces in the Antilles ran “Operation Caribbean 26,” a multinational disaster-response drill simulating a major cyclone and using Martinique/Guadeloupe RSMA units plus engineering and route-recovery teams. Climate & Water Risk: Grenada advanced its Citizen’s Guide to Climate Change Adaptation, while broader regional reporting flags drought, heat stress and water strain across the Caribbean—an issue for agriculture and tourism. Business & Legal Environment: OHADAC and the CARO Centre will launch arbitration and ADR training across the Eastern Caribbean, aiming to make dispute resolution more predictable for investors and businesses. Health & Logistics (Martinique link): The Calvin Ayre Foundation, MBS and CalvinAir arranged urgent overseas cardiac transfers to Martinique for two patients. Sports (low industry tie): A World Cup 1982 retrospective and FIFA 2026 speculation dominated the latest sports item.