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Action Plan In Place For CSME

Posted in: Regional News by volderine | 16 July 2019 | 2299


    Barbados Government Information Service) It will be full steam ahead for implementing policies related to the CARICOM Single Market and Economy (CSME), but with some revised timelines.

    Barbados’ Ambassador to CARICOM, David Comissiong, made this clear, as he spoke with members of the media during a press conference at the Ministry of Foreign Affairs and Foreign Trade, on Thursday, to outline some of the key points coming out of the 40th Regular Conference of Heads of Government of the Caribbean Community (CARICOM), held in Castries.

    Ambassador Comissiong said that CARICOM had in place a very “comprehensive action plan” for the full implementation of the CSME, namely a Multilateral Air Services Agreement; an investment code; an incentives régime; an integrated capital market; the mutual recognition of companies, trademarks, and business names; and a range of instruments.

    He noted that the action plan was aimed at intensifying the production of food in the Caribbean, so as to reduce the foreign food import bill, with the plan to be rolled out to Prime Minister Mia Amor Mottley, as lead Head on the CSME, by September 15, this year.

    Read more at: Barbados Today

    CSME stands for CARICOM Single MARKET & Economy.

    The CSME Unit of the CARICOM Secretariat is the implementation office which assists the Member States in fulfilling the requirements of the Revised Treaty of Chaguaramas.

    Learn more