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A Caribbean Community and Most common Market or even CARICOM was established per Treaty of Chaguaramas [http://www.caricom.org/archives/treaty-caricom.htm] which came into result in August 1, 1973. A foremost 4 signer were Barbados, Jamaica, Guyana and Trinidad and Tobago. CARICOM replaced a 1965-1972 Caribbean Free streaming Trade Association (CARIFTA), which got been organized to provide a continued economic linkage between the English-speaking countries of the Caribbean following the dissolution of the West Indies Federation which lasted from January 3, 1958 to May 31, 1962.

Overview
A Caribbean Community (CARICOM) has turn into unofficially multilingual inside practice by owning a addition of Dutch-speaking Suriname on July 4 1995 and Haiti, where French and Haitian Creole are spoken, on July 2 2002.

Within 2001, the heads of government signed a Revised Treaty of Chaguaramas [http://www.caricom.org/archives/revisedtreaty.pdf PDF], so clearing a way for the transformation of the Common Market aspect of CARICOM. Section of a revised accord includes the establishment & implementation of the Caribbean Court of Justice (CCJ) which will be depending around Port-of-Spain, Trinidad and Tobago.

A (CCJ) may work when a original jurisdiction for award of disputes on the operation of the Caribbean (CARICOM) Lone Market & Economy (CSME), when well as serving as an appellate court of last resort for member states which use at times severed their united states's ties sustaining a Privy Council in London, United Kingdom.


A goal statement of the CARICOM Secretariat is: "To provide dynamic leadership and service, in partnership with Community institutions and Groups, toward the attainment of a viable, internationally competitive and sustainable Community, with improved quality of life for all."

Caribbean Single Market and Economy

A leaders agreed to produce a Caribbean (CARICOM) Individual Market & Economy (CSME) which will inherit outcome within 2005 for Barbados, Jamaica & Trinidad and Tobago.

A threesome countries experienced originally placed January Five, 2005 when a date of signing a agreement on to the (CSME), a ceremony got so been rescheduled to coincide by using the February 19 inauguration of the new CARICOM-headquarters building around Georgetown, Guyana.

A prospect was that X of the left Twelve CARICOM countries will join a CSME per prevent of 2005. A Bahamas and Haiti are not required to become the section of the fresh economic arrangement at that period. A CARICOM Secretariat too maintains frequent email by having an additional organisation known as a Organisation of Eastern Caribbean States (OECS), which represents Vii To the full members & Ii Associate members of CARICOM in the Eastern Caribbean. Numbers of of the OECS countries come shopping for to maintain themselves as a micro-economic grouping inside CARICOM.

Membership
Presently CARICOM has Xv fully members: ' ' ' ' ' ' ' ' (probationary membership in 4 July 1998, full membership in 2 July 2002) ' ' ' ' ' ' (July 4, 1995) '

There are 5 associate members: ' (July 1991) ' (July 1991) ' (July 1999) ' (16 May 2002) ' (2 July 2003)

There are septenary observers: ' ' ' ' ' ' ''''''

Around 2005 the Foreign Minister of the Dominican Republic had proposed shopping for to obtaaround to the full membership status in CARICOM for his united states; but, referable the sheer size of the Dominican Republic's economy & people size compared to using a todays CARICOM states, & coupled by using a Dominican Republic's checkered history of foreign policy solidarity by owning a CARICOM states these are unreadable whether a CARICOM states might nem con vote to admit a Dominican Republic as a to a full member into the organization.

It has been proposed that CARICOM might deepen ties by using a Dominican Republic through the auspice of the Association of Caribbean States (ACS) instead, which is an organisation that stops upright short of the projected political integration which may underpin CARICOM at the late date.

View likewise: Trade bloc

The CARICOM Common Passport
In Friday, January 7, 2005 a Republic of Suriname became the foremost to the full member state to officially launch a newly axis "CARICOM Passport". A newly Passports boast with better security & come as well machine-readable. A full member states of the Caribbean Community experienced agreed to establish the most common passport sequentially to make intra-regional & international travel gentler for their citizens. the passports come as well thought to save extra costs for member states by utilizing a similar handle project, a designs may likewise watch newly updated international standards in Passport project.

A next state planning to release a national CARICOM passport is Saint Vincent & a Grenadines, SVG plans to begin issuing a newly CARICOM passports in the area of April, 2005. The Co-operative Republic of Guyana & likewise Antigua and Barbuda announced it might lead off to utilize a recently CARICOM passport format per middle of 2005.

Project: A Triplet colors of the recently Passports come: Dark-blue for civilians; green for government officials and red for diplomats.

In a experience of Suriname, the Passport is adorned with a national symbols for the Republic of Suriname, as swell when a CARICOM insignia in its handle. The President of the Republic of Suriname Ronald Venetiaan, standard a number one one freshly CARICOM passports.

Antigua & Barbuda's project is to feature a united states's Coat of Arms & united states title besides when a CARICOM logotype.

A passports for Suriname were created by the American Banknote Company Ltd. (CBN) Under the Fivesome year programme by owning the price tag of America$1.Five Million. It is believed more member states of CARICOM might today soon watch by having a introduction of their have branded version of the national 'CARICOM' Passport.

Future Proposals
Airline amalgamation Civil Society Charter Currency Union Freedom of Movement Political Union(s) Regionalised Futures Exchange

Free Trade

From either around the month 2000, a Caribbean Community (CARICOM) states use at times situated a recently focus & emphasis in establishing Free streaming Trade Agreements (FTAs) sustaining local & international index trading partners. This is particially neutralize collaboration using a Caribbean Regional Negociating Machinery (CRNM).

Preferential Agreements
CARICOM - Venezuela (January 1, 1993) CARICOM - Colombia (January 1, 1995)

Free Trade Agreements

CARICOM - Cuba (July 5, 2000) CARICOM - Dominican Republic (December, 2001) CARICOM - Costa Rica (March 9, 2004)

Proposed
CARICOM - Canada Proposed to be finalised per prevent of 2005. CARICOM - European Union On-going negotiation on the EPA("Economic Partnership Agreement") CARICOM - Mercosur Open for discussions in May 2005

The Lakes Caribbean
Barbados retirement village in a tropical rural setting offering recreational and health care facilities.






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