A government minister wants Barbados, and other members of the African, Caribbean and Pacific group of states, to arrive at a new deal with the European Union.
Minister in the Ministry of Foreign Trade, Sandra Husbands, says all members have benefited from the Cotonou agreement.
It seeks to eradicate poverty, while contributing to the development of member states.
But the twenty-year agreement is set to expire in just over a year.
Ms. Husbands was speaking during a recent ACP meeting with the private sector on post-Cotonou negotiations.
Ambassador of the EU delegation to Barbados and the Eastern Caribbean, Daniela Tramacere, says the world has changed considerably over the past two decades.
While the EU hopes to preserve key components of the original agreement, the upcoming negotiations are being seen as an opportunity to break from the past.