CARICOM Single Market making progress
Discussion details
Ahead of next month’s Caribbean Community (CARICOM) Heads of Government meeting, the prime minister with lead responsibility for the CARICOM Single Market and Economy (CSME) is suggesting that while the Single Economy element has been challenging to implement, the Single Market component is on track.
Barbados’ Prime Minister Freundel Stuart said that, for the most part, mechanisms for creating an environment where goods, services and capital can move freely across the region and the establishment of businesses through the Caribbean facilitated, have been put in place.
“There are always a few remaining things to be done, in particular the Contingent Rights for people who establish businesses in respective countries. That has caused a few challenges because of differences in our legislation and the kind of inequalities between countries in the region at different levels of development. Therefore, the rights that one country might be able to give easily, do not come as easily to countries less resourced; so we are still trying to plough our way through that, ” he said.
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