Revised Treaty of Chaguaramas
The Treaty of Chaguaramas which established the Caribbean Community including the Caribbean Common Market was signed by Barbados, Guyana, Jamaica and Trinidad and Tobago on 4th July, 1973, in Chaguaramas, Trinidad and Tobago. It came into effect on 1 August 1973.
In 1989, when the Heads of Government made the decision to transform the Common Market into a single market and economy in which factors move freely as a basis for internationally competitive production of goods and provision of services, it was also decided that for the transformation to take place, the Treaty would have to be revised.
In 1992, following the adoption of the report of the West Indian Commission, an Inter-governmental Task Force was established, to work on the revision of the Treaty.
Between 1993 and 2000, the Inter-Governmental Task Force (IGTF) which was composed of representatives of all Member States, produced nine Protocols, for the purpose of amending the Treaty. These nine Protocols were later combined to create a new version of the Treaty, called formally, The Revised Treaty of Chaguaramas Establishing the Caribbean Community, including the CARICOM Single Market and Economy.
Allowances have been made for the subsequent inclusion in the Revised Treaty, by way of additional Protocols, new issues such as e-commerce, government procurement, trade in goods from free zones, free circulation of goods, and the rights contingent on the free movement of persons.
|Date Posted||November 06 2001|
Filed Under: CARICOM