Trade in Services and The Right of Establishment
Along with the free trade in goods, the Revised Treaty also provides the framework for the establishment of a regime for free trade in services. The main objective is to facilitate trade and investment in the services sectors of CSME Member States through the establishment of economic enterprises. The free trade regime for services grants the following benefits:
| Benefit | Description |
|---|---|
| The Right of Establishment | CARICOM-owned companies will have the right to establish and operate businesses in any CSME member-state under the same terms and conditions as local companies, i.e. without restrictions. Managerial, technical and supervisory staff of these enterprises will be able to enter and work without work permits. |
| Region-wide Services | CARICOM service providers will be able to offer their services throughout the region, again without work permits, usually on a temporary basis, e.g., consultancies. |
(Source; JIS website on the CSME - see references)
Read more about this topic: CARICOM Single Market And Economy
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