CARICOM Single Market and Economy

The CARICOM Single Market and Economy, also known as the Caribbean Single Market and Economy (CSME), is an integrated development strategy envisioned at the 10th Meeting of the Conference of Heads of Government of the Caribbean Community which took place in July 1989 in Grand Anse, Grenada. The Grand Anse Declaration had three key Features:

  1. Deepening economic integration by advancing beyond a common market towards a Single Market and Economy.
  2. Widening the membership and thereby expanding the economic mass of the Caribbean Community (e.g. Suriname and Haiti were admitted as full members in 1995 and 2002 respectively).
  3. Progressive insertion of the region into the global trading and economic system by strengthening trading links with non-traditional partners.

A precursor to CARICOM and its CSME was the Caribbean Free Trade Agreement, formed in 1965 and dissolved in 1973.

Read more about CARICOM Single Market And Economy:  Single Market and Economy, Member States, Caribbean Court of Justice, Trade in Goods, Harmonization of Standards, Regional Accreditation, Trade in Services and The Right of Establishment, Work Permits and The Free Movement of People, Nationality Criteria, Harmonization of Legislation, Free Movement of Capital, Single Currency

Famous quotes containing the words single, market and/or economy:

    The only sure way of avoiding these evils [vanity and boasting] is never to speak of yourself at all. But when, historically, you are obliged to mention yourself, take care not to drop one single word that can directly or indirectly be construed as fishing for applause.
    Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)

    I refuse to be. In
    the madhouse of the inhuman
    I refuse to live.
    With the wolves of the market place
    I refuse to howl ...
    Marina Tsvetaeva (1892–1941)

    The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.
    Ralph Waldo Emerson (1803–1882)