Trade in Goods
All goods which meet the CARICOM rules of origin are traded duty free throughout the region (except The Bahamas), therefore all goods originating within the region can be traded without restrictions. In addition, most member states apply a Common External Tariff (CET) on good originating from non-CARICOM countries. There are, however, some areas still to be developed:
- Treatment of products made in Free Zones – there is need for regional agreement on how these goods are to be treated since they are usually manufactured at reduced tariff by foreign companies.
- The removal of some specific non-tariff barriers in various member-states.
Another key element in relations to goods is Free Circulation. This provision allows for the free movement of goods imported from extra regional sources which would require collection of taxes at first point of entry into the CSME and for the sharing of collected customs revenue.
(Sources; JIS website on the CSME at and CARICOM website on the CSME at)
Read more about this topic: CARICOM Single Market And Economy
Famous quotes containing the words trade and/or goods:
“With respect to a true culture and manhood, we are essentially provincial still, not metropolitan,—mere Jonathans. We are provincial, because we do not find at home our standards; because we do not worship truth, but the reflection of truth; because we are warped and narrowed by an exclusive devotion to trade and commerce and manufacturers and agriculture and the like, which are but means, and not the end.”
—Henry David Thoreau (1817–1862)
“Customers are treasure; goods are but straw.”
—Chinese proverb.