When was caricom originated

Functional cooperation, in various conceptions, has always been a quest for countries of the Caribbean. From the early efforts for a political union which led to the establishment of the West Indies Federation , to the deeper and more structured engagements of the Caribbean Free Trade Association CARIFTA , to the more sustained measure of regional integration through a Caribbean Community The last, for Member States, offered the best prospect for Caribbean economic development.

The Treaty was later revised in to allow for the eventual establishment of a single market and a single economy. Jessen, Anneke and Ennio Rodriguez. Address to Trade Forum of Jamaica by the Rt. Taccone, J. The United Kingdom had launched this initiative as means to rationalize its colonial administration; however, the project was abandoned as Caribbean islands gained independence. The free trade area was implemented in ; by that time, most former members of the West Indies Federation participated in the initiative.

Articulating a common approach in trade disciplines The Revised Treaty of Chaguaramas includes various provisions and in some instances whole chapters devoted to the regulation of trade-related disciplines. Kitts and Nevis gained its independence from Great Britain in Anguilla, which became a separate British dependency, retains associate membership status. Kitts and Nevis where it was signed. Lucia, St.

Vincent, Suriname, and Trinidad and Tobago. Caribbean Trade Reference Centre. Protocols to the Treaty of Chaguaramas. Issues addressed. Institutional Reform. Free Movement of Services, Capital, and Labor. Community Industrial Policy. Trade Liberalization. Community Agricultural Policy. Community Transport Policy. Disadvantaged Countries, Regions, and Sectors. Disputes Settlement.

Rules of Competition. The original idea to permit all territories in the Region to participate in the Association was achieved later that year with the entry of Dominica, Grenada, St. Vincent in July and of Jamaica and Montserrat on August 1, British Honduras Belize became a member in May