The Accomplishments and Challenges of CARICOM
The Caribbean Community (CARICOM) was established in 1973. CARICOM is very closely related to Caribbean Free Trade Association (CARIFTA). CARIFTA came into power on May 1, 1968. The members during this time were Antigua, Barbados, Guyana, and Trinidad and Tobago. Other islands joined after, such as Dominica, Grenada, St. Kitts-Nevis, St. Lucia and St. Vincent, who all joined on July 1, 1968; Jamaica and Montserrat joined on August 1, 1968; Belize joined couple years later in May 1971. The purpose of CARIFTA was to include all the Commonwealth countries in the Free Trade. In October 1972, at the seventh Heads of Government Conference, the Caribbean leaders decided to transform CARIFTA to become CARICOM. It was at the eighth Heads of Government Conference, April 1973, in Guyana where the decision to establish CARICOM came to pass. It was said there at the eighth Heads of Government Conference that the CARICOM Treaty on July 4, 1973, the independent countries Barbados, Guyana, Jamaica, Trinidad and Tobago, would sign for CARICOM and that CARICOM would come into effect on August 1973. In Chaguaramas, Trinidad on July 4, 1973, as said at the eighth Heads of Government Conference, the Treaty of Chaguaramas, the treaty which establishe
The second highest organ is the Council. It is responsible for the development of Community strategic planning and coordination in the areas of economic integration, functional cooperation and external relations. It consists of Ministers responsible for Community Affairs and any other Minister designated by Member States. There are four councils that assist in the performance of the functions of the principal organs of the Community. The councils are “a) The council for Trade and Economic Development (COTED) which promote trade and economic development of the Community and oversees the operations of CARICOM Single Market and Economy; b) The Council of Foreign and Community Relations (COFCOR) which determines relations between the Community and international organizations and third states; c) The Council for Human and Social Development (COHSOD) which promotes human and social development; d) The Council for Finance and Planning (COFAP) which coordinates economic policy and financial, and monetary integration of Member States.” One key challenge for CARICOM is to enhance its capacity to develop and transform itself structurally in an environment in which control is less of an important factor than has been the case until now. Popular sovereignty is being eroded, a reality which could lead to continued impoverishment and underdevelopment of Caribbean countries. Globalization brings a number of plainly negative challenges such as erosion of preferential status, non-reciprocal access to the markets of the developed countries and non-tariff barriers to trade. These developments present the Caribbean Community with major competitive challenges that effectively alter the context with which regional development must take place. The accomplishments include what they achieved at the different Heads of Government meetings, especially before the gathering in Ocho Rios, where the leaders of CARICOM displayed their maturity to avoid weakening the Caribbean Community. The institutions of the Community are responsible for formulating policies and supervising cooperation and services including education, health, labor, finance, agriculture, foreign affairs, mines, transportation, and industry. “The institutions of the Community may regulate their own procedure and a) may establish such subsidiary committees, agencies and other bodies as the
Some topics in this essay:
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Common Market,
Planning COFAP,
CARICOM CARICOM,
Ministerial Councils,
Antilles CARICOM’s,
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1 1968,
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jamaica trinidad tobago,
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Approximate Word count = 1589
Approximate Pages = 6 (250 words per page double spaced)
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