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    CARICOM

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    shah_rutik
    The Caribbean Community (CARICOM) is an organization of 15 Caribbean nations and dependencies whose main purposes are to promote economic integration and cooperation among members. It coordinates economic policies, development planning, and regional trade disputes. CARICOM emerged in 1973 from the breakup of the West Indies Federation. It has 14 full member states and 3 associate member states in the Caribbean region. CARICOM headquarters are located in Georgetown, Guyana.

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    CARICOM

    Uploaded by

    shah_rutik
    166 views15 pages
    The Caribbean Community (CARICOM) is an organization of 15 Caribbean nations and dependencies whose main purposes are to promote economic integration and cooperation among members. It coordinates economic policies, development planning, and regional trade disputes. CARICOM emerged in 1973 from the breakup of the West Indies Federation. It has 14 full member states and 3 associate member states in the Caribbean region. CARICOM headquarters are located in Georgetown, Guyana.

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    The Caribbean Community (CARICOM) is an organization of 15 Caribbean nations and dependencies whose main purposes are to promote economic integration and cooperation among members. It coordinates economic policies, development planning, and regional trade disputes. CARICOM emerged in 1973 from the breakup of the West Indies Federation. It has 14 full member states and 3 associate member states in the Caribbean region. CARICOM headquarters are located in Georgetown, Guyana.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    166 views15 pages

    CARICOM

    Uploaded by

    shah_rutik
    The Caribbean Community (CARICOM) is an organization of 15 Caribbean nations and dependencies whose main purposes are to promote economic integration and cooperation among members. It coordinates economic policies, development planning, and regional trade disputes. CARICOM emerged in 1973 from the breakup of the West Indies Federation. It has 14 full member states and 3 associate member states in the Caribbean region. CARICOM headquarters are located in Georgetown, Guyana.

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    of 15

    CARIbbean COMmon market (CARICOM)

    HISTORY
    The Caribbean Community (CARICOM) is an organisation of 15 Caribbean nations and dependencies. CARICOM's main purposes are to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and to coordinate foreign policy.

    Its major activities involve coordinating economic policies and development planning; devising and instituting special projects for the less-developed countries within its jurisdiction; operating as a regional single market for many of its members (Caricom Single Market); and handling regional trade disputes.

    Since the establishment of the Caribbean Community (CARICOM) by the mainly English- speaking parts of the Caribbean region CARICOM has become multilingual in practice with the addition of Dutch speaking Suriname on 4 July 1995 and French- (and FrenchCreole-) speaking Haiti on 2 July 2002, and in 2003 the Caribbean Community agreed to make Spanish their second working language.

    In 2001, the heads of government signed a Revised Treaty Of Chaguaramas thus clearing the way for the transformation of the idea for a Common Market aspect of CARICOM into instead Caribbean (CARICOM) Single Market and Economy Part of the revised treaty among member states includes the establishment and implementation of the Caribbean Court Of Justice.

    Definition
    It is an integral part of the Caribbean community, it is a trading agreement between regions island and littoral states. CARICOM emerged in 1973 from the breakup of the West Indies Federation (1958-62) and the dissolution of Caribbean free trade agreement of 1968.

    There are 14 states as its members: Antigua & Barbuda Barbados Belize Dominica Grenada Guyana Haiti Jamaica

    Montserrat St.Kits & Nevis St.Lucia St.Vincent & the Grenadines Suriname and Trinidad &Tobago These are its full members.

    Three states (Anguilla, British Virgin Islands, and Turks & Caicos) are the associate members. Nine states (Aruba, Bermuda, Cayman Island, Colombia, Dominican Republic, Mexico, Netherlands Antilles, Puerto Rico, and Venezuela) have the observer status. The Bahamas is a member of the community but not of the common market. CARICOM headquarters are in Georgetown, Guyana.

    Objectives Of The Community


    Improved standard of living. Full employment of labor and other factors of production. Accelerated, co- ordinated and sustained economic development and convergence Expansion of trade and economic relations with third States. Enhanced level of International competitiveness

    Organization for increased production and productivity. The achievement of a greater measure of economic leverage and effectiveness of Member States in dealing with the third States Enhanced co- ordination of Member States foreign and economic policies. Enhanced functional co- operation ,including:-

    More efficient operation of common services and activities for the benefit of people. Accelerated promotion of greater understanding among its people and the advancement of their social, cultural and technological development. Intensified activities in areas such as health, education, transportation and telecommunications.

    Future proposals 1) Airline amalgamation 2) Civil Society Charter 3) Currency Union 4) Freedom of Movement 5) Political Union(s) 6) Regionalised Stock Exchange 7) Reintroduction of a Single Tourist Visa 8) Reintroduction of a Single Domestic Space

    References :http://en.wikipedia.org/wiki/Caribbean_Community

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