What is the function of the Caribbean Community?

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What is the function of the Caribbean Community?

CARICOM’s main purposes are to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and to coordinate foreign policy.

Is Caricom a common market?

The Treaty included provisions to create a Common Market within the Caribbean region. Following from this treaty, in 1989 at Grande Anse, Grenada, the CARICOM Heads of Government transformed the Common Market into the Single Market and Single Economy formally named the Caribbean Single Market and Economy- CSME.

What is the main reason for the origin of the Caribbean Community?

The establishment of the Caribbean Community and Common Market (CARICOM) was the result of a 15-year effort to fulfil the hope of regional integration which was born with the establishment of the British West Indies Federation in 1958.

What are the three main objectives of Caricom?

The objectives of CARICOM are:

  • To improve standards of living and work.
  • The full employment of labour and other factors of production.
  • Accelerated, coordinated and sustained economic development and convergence.
  • Expansion of trade and economic relations with third States.
  • Enhanced levels of international competitiveness.

What are the two main organs of Caricom?

The Principal Organs of the Community, The Conference of Heads of Government (The Conference) and the Community Council of Ministers (The Council) are assisted by five Organs, three “Bodies” and the CARICOM Secretariat.

Which country joined Caricom last?

Membership

Status Name Join date
Full member Haiti 2 July 2002
Jamaica 1 August 1973
Montserrat 1 May 1974
Saint Kitts and Nevis 26 July 1974

What are two challenges facing tourism in the Caribbean?

12 Challenges Facing Caribbean Small Island Developing States

  • Climate change. For many years, it has been known that global sea levels are rising.
  • Oil prices. A number of Caribbean countries extract precious minerals and fuel from nature for their economies.
  • China.
  • Poverty.
  • Crime, drugs.
  • Financial markets.
  • Cuba.
  • Digitalization.

What are two economic challenges faced by the Caribbean region?

The current international political and economic context has meant that Caribbean countries face a difficult situation today in diverse areas, ranging from the effects of natural disasters to a shortage of resources, complex access to financing, narrow fiscal space for introducing social reforms, and the burden of high …

What is Cohsod?

The Council for Human and Social Development (COHSOD) of the CARICOM seeks to promote and develop coordinated policies and programmes to improve living and working conditions and to take measures to facilitate the promotion of harmonious labour and industrial relations in the Community.

What are the main organs of Caricom?

The Organs are:

  • The Council for Finance and Planning (COFAP)
  • The Council for Foreign and Community Relations (COFCOR)
  • The Council for Human and Social Development (COHSOD)
  • The Council for National Security and Law Enforcement (CONSLE)
  • The Council for Trade and Economic Development (COTED)