Free Movement of Capital
The free movement of capital involves the elimination of the various restrictions such as foreign exchange controls and allowing for the convertibility of currencies (already in effect) or a single currency and capital market integration via a regional stock exchange. The member states have also signed and ratified an Intra-Regional Double Taxation Agreement.
Read more about this topic: CARICOM Single Market And Economy
Famous quotes containing the words free, movement and/or capital:
“Opinions are not to be learned by rote, like the letters of an alphabet, or the words of a dictionary. They are conclusions to be formed, and formed by each individual in the sacred and free citadel of the mind, and there enshrined beyond the arm of law to reach, or force to shake; ay! and beyond the right of impertinent curiosity to violate, or presumptuous arrogance to threaten.”
—Frances Wright (1795–1852)
“The writer may very well serve a movement of history as its mouthpiece, but he cannot of course create it.”
—Karl Marx (1818–1883)
“Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.”
—Vladimir Ilyich Lenin (1870–1924)