In 1989, when the Heads of Government made the decision to transform the Common Market into a single market and economy in which factors move freely as a basis for internationally competitive production of goods and provision of services, it was also decided that for the transformation to take place, the Treaty would have to be revised.
In 1992, following the adoption of the report of the West Indian Commission, an Inter-governmental Task Force was established, to work on the revision of the Treaty.
The Treaty of Chaguaramas which established the Caribbean Community including the Caribbean Common Market was signed by Barbados, Guyana, Jamaica and Trinidad and Tobago on 4th July, 1973, in Chaguaramas, Trinidad and Tobago. It came into effect on 1 August 1973.
The Caribbean Community and the Caribbean Common Market replaced the Caribbean Free Trade Association which ceased to exist on 1st May 1974.
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) Secretary-General of the Caribbean Community (CARICOM) Ambassador Irwin LaRocque, has stated that “a lot of the economic fallout that took place in 2008 and 2009 started in the developed world, though the biggest impact has been on the small economies.”
PORT OF SPAIN, Trinidad - Trinidad and Tobago should not need the Secretary General of the Organisation of American States (OAS) to admonish this country about the dangers to good government and to democracy posed by political funding. Miguel Insulza has been the latest high official to mount a bully pulpit on the subject, addressed to political parties and ruling administrations in the Caribbean.
GEORGETOWN, Guyana, CMC – The Guyana government is seeking support for the passage of amendments to the Anti-Money Laundering and Financing of Terrorism Act, warning it is in the country’s interest and should supersede political interest. Attorney General and Legal Affairs Minister, Anil Nandlall, in an interview broadcast on the state-owned National Communication Network (NCN), said it is important for the opposition legislators to put aside their political interests and support the legislation.
MONTEGO BAY, Jamaica, CMC – The Jamaica government is pumping an estimated US$20 million in the development of the information communication technology (ICT) sector, Science, Technology, Energy and Mining Minister Phillip Paulwell has said. “Jamaica is on a growth trajectory once more. We are seeing expansion taking place, especially in Montego Bay, and we want to facilitate and encourage that.