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Encyclopedia > Caribbean Single Market and Economy

The Caribbean Single Market and Economy also known as the CARICOM Single Market and Economy or CSME is and integrated development strategy envisioned in 1989 by 13 of the now 15 members of CARICOM. The Grand Anse Declaration Strategy had three key Features. The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas which came into effect on August 1, 1973. ...

  1. Deepening economic integration by advancing beyond a common market towards a Single Market and Economy.
  2. Widening the membership and thereby expanding the economic mass of the Caribbean Community (eg. Suriname and Haiti were admitted as full members in 1995 and 2002 respectively).
  3. Progressive insertion of the region into the global trading and economic system by strengthening trading links with non-traditional partners.

A precursor to the CSME was the West Indies Federation, formed in 1958 and dissolved in 1962 National motto: Official language English Political status Overseas territory of the UK Capital Chaguaramas Largest cities Kingston and Port-of-Spain Queen Elizabeth II Governor-General Patrick George Thomas Buchan-Hepburn Prime Minister Grantley Herbert Adams (West Indian Federation Labour Party) Creation January 3, 1958 (union of most of British...

Flag of CARICOM and the CSME
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Flag of CARICOM and the CSME

Contents

General info: Large flag of CARICOM (the Caribbean Community and Common Market) Dimensions: 453x302 pixels Source: public domain License: Originally public domain, modifications under GFDL Most of the flags have had their colours improved and many have been resized to the proper ratios. ... General info: Large flag of CARICOM (the Caribbean Community and Common Market) Dimensions: 453x302 pixels Source: public domain License: Originally public domain, modifications under GFDL Most of the flags have had their colours improved and many have been resized to the proper ratios. ...


Member States

Current 14 full members of both CARICOM and the CSME:


Current Single full member of CARICOM but not the CSME: Image File history File links Flag_of_Antigua_and_Barbuda. ... Image File history File links Flag_of_Barbados. ... Image File history File links Flag_of_Belize. ... Image File history File links Flag_of_Dominica. ... Image File history File links Flag_of_Grenada. ... Image File history File links Flag_of_Guyana. ... Image File history File links Flag_of_Haiti. ... Image File history File links Flag_of_Jamaica. ... Image File history File links Flag_of_Montserrat. ... Image File history File links Flag_of_Saint_Kitts_and_Nevis. ... Image File history File links Flag_of_Saint_Lucia. ... Image File history File links Flag_of_Saint_Vincent_and_the_Grenadines. ... Image File history File links Flag_of_Suriname. ... Image File history File links Flag_of_Trinidad_and_Tobago. ...


Current 5 associate members of CARICOM but not the CSME: Image File history File links Flag_of_the_Bahamas. ...


Current 7 observing members of CARICOM but not the CSME: Image File history File links Flag_of_the_British_Virgin_Islands. ... 1991 (MCMXCI) is a common year starting on Tuesday of the Gregorian calendar. ... Image File history File links Flag_of_the_Turks_and_Caicos_Islands. ... 1991 (MCMXCI) is a common year starting on Tuesday of the Gregorian calendar. ... Image File history File links Flag_of_Anguilla. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... Image File history File links Flag_of_the_Cayman_Islands. ... May 16 is the 136th day of the year in the Gregorian Calendar (137th in leap years). ... 2002 (MMII) was a common year starting on Tuesday of the Gregorian calendar. ... Image File history File links Flag_of_Bermuda. ... July 2 is the 183rd day of the year (184th in leap years) in the Gregorian Calendar, with 182 days remaining. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

Image File history File links Flag_of_Aruba. ... Image File history File links Flag_of_Colombia. ... Image File history File links Flag_of_the_Dominican_Republic. ... Image File history File links Flag_of_Mexico. ... Image File history File links Flag_of_the_Netherlands_Antilles. ... Image File history File links Flag_of_Puerto_Rico. ... Image File history File links Flag_of_Venezuela. ...

Caribbean Court of Justice

The Caribbean Court of Justice (CCJ) is the proposed regional judicial tribunal to be established by the Agreement Establishing in the Caribbean Court of Justice. It has a long gestation period commencing in 1970 when the Jamaican delegation at the Sixth Heads of Government Conference, which convened in Jamaica, proposed the establishment of a Caribbean Court of Appeal in substitution for the Judicial Committee of the Privy Council. The Caribbean Court of Justice (CCJ) is a regional Caribbean-based institution in Port-of-Spain, Trinidad and Tobago. ...


The Caribbean Court of Justice has been designed to be more than a court of last resort for Member States of the Caribbean Community of the Privy Council, the CCJ will be vested with an original jurisdiction in respect of the interpretation and application of the Treaty Establishing the Caribbean Community. In effect, the CCJ would exercise both an appellate and an original jurisdiction. In the exercise of its appellate jurisdiction, the CCJ will consider and determine appeals in both civil and criminal matters from common law courts within the jursidiction of Member States of the Community and which are parties to the Agreement Establishing the CCJ. In the discharge of its appellate jurisdiction, the CCJ will be highest municipal court in the Region. In the exercise of its original jurisdiction, the CCJ will be discharging the functions of an international tribunal applying rules of international law in respect of the interpretation and application of the Treaty. The Caribbean Court of Justice (CCJ) is a regional Caribbean-based institution in Port-of-Spain, Trinidad and Tobago. ...


(Source; CARICOM's official website at [1])


Trade in Goods and Services

All goods and services which meet the CARICOM rules of origin are traded duty free throughout the region (except The Bahamas), therefore all good and services originating within the region can be traded without restrictions. There are, however, some areas still to be developed:

  • Treatment of products made in Free Zones – there is need for regional agreement on how these goods are to be treated since they are usually manufactured at reduced tariff by foreign companies.
  • The removal of some specific non-tariff barriers in various member-states.

Harmonization of Standards

Regional Accreditation

Work Permits and Movement of People

Nationality Criteria

Trade in Services

Harmonization of Legislation

The CSME and External Trade Arrangements

External links

  • CARICOM.ORG - The Community's Web site
    • CARICOM Statistics - Statistical information compiled through the CARICOM Secretariat
    • Radio CARICOM: the voice of the Caribbean Community (Press Release)
    • CARICOM Single Market and Economy - The CSME website - T&T
    • Caricom Law - Website and online database of the CARICOM Legislative Drafting Facility (CLDF)
    • Caricom Trade Support Programme - Government of Trinidad and Tobago
    • PANCAP Pan Caribbean Partnership Against HIV/AIDS


 
Caribbean Community (CARICOM)
Flag of the Caribbean Community
Antigua and Barbuda | Bahamas¹ | Barbados | Belize | Dominica | Grenada | Guyana | Haiti | Jamaica | Montserrat | Saint Kitts and Nevis | Saint Lucia | Saint Vincent and the Grenadines | Suriname | Trinidad and Tobago
Associate members: Anguilla | Bermuda | Cayman Islands | British Virgin Islands | Turks and Caicos Islands
Observer status: Aruba | Colombia | Dominican Republic | Mexico | Netherlands Antilles | Puerto Rico | Venezuela
¹ member of the community but not the Caribbean (CARICOM) Single Market and Economy.
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