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Organizations:caricom

Caribbean Community and Common Market

From Wikipedia, the free encyclopedia.

(Redirected from Caricom)

The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas which came into effect on August 1, 1973. The first four signatories were Barbados, Jamaica, Guyana and Trinidad and Tobago, and it was organized:"To provide dynamic leadership and service, in partnership with Community institutions and Groups, toward the attainment of a viable, internationally competitive and sustainable Community, with improved quality of life for all."

Flag of the CARICOM
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Flag of the CARICOM

In 2001, the heads of government signed a Revised Treaty of Chaguaramas, thus clearing the way for the transformation of the Common Market aspect of CARICOM.

The leaders agreed to create the Common Single Market and Economy (CSME). It will come into effect on January 5, 2005 in Barbados, Jamaica and Trinidad and Tobago. At the end of 2005, all of the other CARICOM islands are supposed to join the CSME as well.

Currently CARICOM has 15 members:

There are five associate members:

See also:Trade bloc

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