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:
“Women born at the turn of the century have been conditioned not to speak openly of their wedding nights. Of other nights in bed with other men they speak not at all. Today a woman having bedded with a great general feels free to tell us that in bed the general could not present arms. Women of my generation would have spared the great general the revelation of this failure.”
—Jessamyn West (19071984)
“Christianity was only a very strong and singularly well-timed Salvation Army movement that happened to receive help from an unusual and highly dramatic incident. It was a Puritan reaction in an age when, no doubt, a Puritan reaction was much wanted; but like all sudden violent reactions, it soon wanted reacting against.”
—Samuel Butler (18351902)
“If Los Angeles has been called the capital of crackpots and the metropolis of isms, the native Angeleno can not fairly attribute all of the citys idiosyncrasies to the newcomerat least not so long as he consults the crystal ball for guidance in his business dealings and his wife goes shopping downtown in beach pajamas.”
—For the State of California, U.S. public relief program (1935-1943)