Caricom - 1012 Words

The Caribbean Community (CARICOM) is an organisation of 15 Caribbean nations (see chart N °1), 12 islands and 3 larger coastal nations in and around the Caribbean sea, bordered by the Atlantic Ocean , The Gulf of Mexico, The United States and South and Central America. This community was established by the Treaty of Chaguaramas which came into effect on August 1973 and which was signed at first by only 4 countries : Barbados, Jamaica, Guyana and Trinidad and Tobago. CARICOM was built in order to promote an economic integration and a real cooperation between its members, in order to coordinate foreign policy and in order to ensure that the benefits of integration are equally shared. Its aim was to take part in the international trade†¦show more content†¦Members are not equal at all, some are developed whereas others are poor, and the result is that there is a real tension between unity and division. As we studied in class, â€Å"some win and some loose†. For example, Trinidad and Tobago clearly is the leader of the group as a major regional supplier of energy, manufactured products and services to other countries. It is also a major market for regionally produced agricultural commodities and food products and continues to maintain its favourable trade position with the rest of the world due primarily to its strong merchandise account (trade in goods) performance. On the contrary, Haiti is one of the poorest country in the world and have other priorities than its neighbours to rebuild the country. Besides, CARICOM faces a geographic problem : the 12 islands are spread over 60 000 square kilometres which makes the access and the transport of goods very long and complex. As a result, the trade bloc is not efficient because of distance and costs of transport. There is also an administration problem : countries do not manage to prioritize. There are too many mandates, in every field, and none of them is respected or applied. The global administration is weak and do not manage to integrate this different countries. The result is that today, there is a longstanding frustration with its slow progress, the trade bloc do not make enough benefits and itsShow MoreRelatedCARICOM ACHIEVEMENTS1541 Words   |  7 Pages Ministry of Foreign Affairs 4th Future Diplomats Essay Competition The Caribbean Community (CARICOM) is celebrating 40 years of integration in 2013. Discuss the achievements of CARICOM in light of the statement and make suggestions for future development. Kerri Mc Neil Happy fortieth anniversary to the Caribbean Community (CARICOM)! An establishment which has transgressed shared colonial history; propelling its fifteen member states andRead MoreThe Advantages and Disadvantages of Caricom Single Market and Economy ( Csme)2337 Words   |  10 PagesAdvantages and Disadvantages of the CARICOM Single Market and Economy (CSME) CARIBBEAN INTEGRATION Introduction Throughout the world many countries have tried to form strong alliances for varying reasons and among the top of that list would be for war and trade. The Caribbean as a region has found it necessary to form such an alliance, not for war but for trade. The need for such alliance gave way to the birth of a Single Market for the Caribbean region - The CARICOM Single Market and Economy (CSME)Read MoreThe Nations of the Caribbean Community (CARICOM)2050 Words   |  8 PagesThe nations of the Caribbean Community (CARICOM) have been working to set up a plan to request reparations from European countries as compensation for slavery. The fifteen countries within CARICOM, including: Antigua and Barbuda, the Bahamas, Barbados, Belize, Dominica, Haiti, Jamaica, Grenada, Guyana, Montserrat, St. Lucia, Suriname, St. Kitts and Nevis, St. Vincent and the Grenadines, and Trinidad and Tobago, have all come together and agreed that they deserve reparations from the European countriesRead MoreEssay about Challenges of Caribbean Society in Achieving National Unity886 Words   |  4 PagesChallenges of Caribbean Society in Achieving National Unity There have been many attempts for the Caribbean nations to come together as one, leading to national unity in the region. Some attempts at unity include: Federation, CARICOM (Caribbean Community), CARIFTA (Caribbean Free Trade Association), CDB (Caribbean Development Bank), UWI (University of the West Indies), CXC (Caribbean Examinations Council), and recently CSME (Caribbean Single Market and Economy), whichRead MoreCaricom s Proposal : Rectify The Economic Problems And Changes Caused By The European Nations Of The World862 Words   |  4 Pagestheir complex history will shed light on a lot of issues and questions many people may have about their lineage. The lives of millions of men and children were displaced at the will of the whites (Europeans). Part of the action plan presented by the CARICOM intends to have people rightfully return to their homeland. The cultural institution will help enrich future generations about the horrors suffered by the victims. History books do not do justice on explaining in depth what exactly happened. EvenRead MoreThe Poverty Within The Caribbean1940 Words   |  8 Pagesbecoming one unit as they would constantly ‘lose’ someone close and ‘gain’ a stranger. In spite of this being a part of the plantation society, it can be said that it does not apply any more, due to the conceptualization of the Caribbean Community (CARICOM), the Caribbean Single Market Economy (CSME) and the founding of the University of the West Indies (UWI). These units facilitate the integration of Caribbean Societies. The exploitation of slaves in the plantation system is directly mirrored by theRead MoreAmerican Free Trade Agreement ( Nafta ) And Mercosur Essay1559 Words   |  7 Pages For instance, some Member States still rely on the Privy Council as their highest Court, despite all efforts made to promote the region’s own court of justice. The Caribbean Court of Justice, which â€Å"settles disputes between Caribbean Community (CARICOM) Member States, and also serves as the highest court of appeals on civil and criminal matters for the national courts of Barbados, Belize, and Guyana† (The Caribbean Court Of Justice). In Belize, for example, an indigenous Maya group filed a caseRead MoreDominica Essay920 Words   |  4 PagesDominica concedes at any rate MFN treatment to all its exchanging accomplices. It has connected the CARICOM Common Outside Tariff (CET) since 1991 and actualized the fourth and last stage of the CARICOM CET decreases on 1 July 2001. The timetable depends on the Orchestrated Commodity Description whats more, Coding System 1996 since 1 January 1999. The tax, as connected in 2002, includes 6,333 levy lines at the eight digit level. 8 Traditions obligations on imports from nonCARICOM nations extendRead MoreThe Fta With Chile Fta1469 Words   |  6 Pagesparticularly gold. However, its growth and prosperity, along with government revenues are based on a narrow range of products and economic diversity is critical for achieving sustainable growth. (Secretariat 2013) 1.2.1 The CARICOM Single Market and Economy (CSM) The CARICOM single market and economy is an integrated development strategy, which started with 3 key features in 1989. These were to (1) Deepen economic integration by advancing beyond a common market towards a single market and economyRead MorePrivy Council vs . Caribbean Court of Justice827 Words   |  4 Pagesof the Caribbean Community (CARICOM) which was established in 2001 and based in Port of Spain, Trinidad and Tobago. It also serves as the highest court of appeals on civil and criminal matters for the member states. In 1973, the  Treaty of Chaguaramas, establishing the Caribbean Community and the Common Market (CARICOM) came into being. This Treaty has since been revised to take into account changes in the global trading environment and the establishment of the CARICOM Single Market and Economy (CSME)