The Treaty of Chaguaramas was signed on July 4, 1973 establishing Caricom, the Caribbean Community and Common Market. July 4 is the 185th day of the year (186th in leap years) in the Gregorian Calendar, with 180 days remaining. ... 1973 (MCMLXXIII) was a common year starting on Monday. ... The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas which came into effect on August 1, 1973. ...
A revised Treaty of Chaguaramas establishing the Caribbean Community including the CARICOM Single Market and Economy (CSME) was signed in 2001. 2001: A Space Odyssey. ...
Chaguaramas is a town on the island of Trinidad Chaguaramas lies in the North West Peninsula of Trinidad west of Port-of-Spain; the name if often applied to the entire peninsula, but is sometimes used to refer to the most developed area. ... Trinidad (Spanish, Trinity) is the largest and most populous of the 23 islands which make up the country of Trinidad and Tobago. ...
Under the Revised Treaty and the Agreement Establishing the Caribbean Court of Justice ("the CCJ Agreement"), the CCJ is empowered to resolve disputes that will arise under the Revised Treaty as well as provide advisory opinions on the interpretation and application of the Treaty, thereby developing a body of CARICOM law.
The Treaty also sets forth a transport policy, the objective of which shall be the provision of adequate, safe and internationally competitive transportation for the development and consolidation of CARICOM Single Market and Economy ('the CSME').
Thus, although the Revised Treaty establishes a dispute settlement regime, that includes a number of different methods for the settlement of disputes, such as arbitration and mediation, member states recognise as compulsory and exclusive, the jurisdiction of the CCJ to hear and determine disputes concerning the interpretation and application of the Revised Treaty.
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