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:
“And one who is just of his own free will shall not lack for happiness; and he will never come to utter ruin.”
—Aeschylus (525–456 B.C.)
“Later
Some movement is reversed and the urgent masks
Speed toward a totally unexpected end
Like clocks out of control.”
—John Ashbery (b. 1927)
“There exists, between people in love, a kind of capital held by each. This is not just a stock of affects or pleasure, but also the possibility of playing double or quits with the share you hold in the other’s heart.”
—Jean Baudrillard (b. 1929)