What is the short name for Caribbean Community and Common Market?
CARICOM
The Caribbean Community and Common Market (CARICOM) was established by the Treaty of Chaguaramas, which was signed by Barbados, Jamaica, Guyana and Trinidad & Tobago and came into effect on August 1, 1973. Subsequently the other eight Caribbean territories joint CARICOM.
What is the main purpose of CARICOM?
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.
What is CARICOM in the Caribbean?
The Caribbean Community (CARICOM) is a grouping of twenty countries: fifteen Member States and five Associate Members.
What does the word CARICOM mean?
The Caribbean Community Market
The Caribbean Community Market (CARICOM) is an organization of 15 Caribbean nations established in 1973 whose 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.
What is the Caribbean Common Market?
The Caribbean Community and Common Market (CARICOM) is a group of 20 developing countries in the Caribbean that have come together to form an economic and political community that works together to shape policies for the region and encourages economic growth and trade.
What is the difference between CARIFTA and CARICOM?
The Caribbean Free Trade Association (CARIFTA) was a regional free-trade arena in place between 1965 to 1972. The Caribbean Community and Common Market (CARICOM) was established to replace the Caribbean Free Trade Area which had failed in its mission to develop policies in the region pertaining to labor and capital.
What is the purpose of the Caribbean Single Market and Economy?
The CARICOM Single Market and Economy is intended to benefit the people of the Region by providing more and better opportunities to produce and sell our goods and services and to attract investment. It will create one large market among the participating member states.
What are the functions of Caribbean Single Market and Economy?
The CSME seeks to implement provisions for the removal of trade and professional restrictions. These provisions facilitate the right to establishment businesses, to provide regional services, the free movement of capital and the coordination of economic policies.
How many countries are in the Caribbean?
13 sovereign
Caribbean
| Area | 2,754,000 km2 (1,063,000 sq mi) |
|---|---|
| Countries | 13 sovereign states |
| Dependencies | 17 dependent territories |
| Languages | English, French, Spanish, Dutch, French Creoles, English Creoles, Dutch Creoles, Papiamento, Caribbean Hindustani, Chinese, among others |
| Time zones | UTC−5 to UTC−4 |
What are the 18 institutions of CARICOM?
Institutions
- Caribbean Congress of Labour.
- CARICOM Private Sector Organization (CPSO)
- Caribbean Center for Renewable Energy and Energy Efficiency (CCREEE)
- Caribbean Tourism Organisation (CTO)
- CARICOM Development Fund (CDF)
- University of the West Indies (UWI)
- University of Guyana (UG)
What is a Caribbean country?
The boundary nations of the Caribbean Sea are Antigua and Barbuda, Bahamas, Barbados, Belize, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, United States, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, St. Kitts and Nevis, St. Lucia, St.
What are the key elements of CSME?
The fundamental aspects of CSME are as following:
- Consumer Affairs.
- Competition Policy.
- Social Security.
- Contingent Rights.
- Immigration Arrangements for Free Movement of Persons.
- Administrative Arrangements for Commercial Establishment.
- Government Procurement.
- Trade and Competitiveness in CARICOM.