Caribbean Single Market Economy

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The CARIIBBEAN
The CAR BBEAN

S iinglle M arkett & Economy
S ng e M arke & Economy

1. What is the Caribbean Single Market & Economy?

T

he CSME is one integration arrangement that allows for
the household of a single market and a ingenuous
economy for the members of the Caribbean Community

(CARICOM). The CARICOM head states are: Antigua
and Barbuda, The Bahamas, Barbados, Belize, Dominica,
Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia,
St. Kitts and Nevis, St. Vincent and the Grenadines,
Suriname, and Trinidad and Tobago (call on map of the
Caribbean Basin in the present life).

CSME

2

2. What is the Caribbean Single Market?

domestic arrangements

of

the

British

It is each arrangement among the member states that will allow

Subsequently,

globalisation

CARICOM commodities, services, people and capital to put in motion throughout

crystallised the need to oddity in place the instruments and

the Caribbean Community without tariffs and restrictions, to

institutions to render less difficult further economic development in the

complete a single large economic space, and to bargain for a common

Region. This gave mount to the establishment of the Caribbean Free

economic and trade policy. The Caibbean Single Market was

Trade Association (CARIFTA) in 1965 and the Caribbean

established amid Trinidad & Tobago, Barbados and Jamaica in

Community and Common Market in 1973. In 2002, the decision

2005. The remaining members of CARICOM should have a part in in

was taken to replace the Common Market by a Caribbean Single

the single market in 2006.

Market and Economy (CSME), strategically positioning the

and

West

Indies

Federation.

craft

liberalisation

have

Community to participate in the globalised scene of action.
3. What is the Caribbean Single Economy?
The Caribbean Single Economy is every arrangement that will further

5. How enjoin the Caribbean Single Market and Economy be
implemented?

harmonise macroeconomic...

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