CSME TO BE OFFICIALLY LAUNCHED MONDAY.
THE Caricom Single Market is to be launched in Kingston Jamaica on Monday January 30th.
Barbados, Belize, Guyana, Jamaica, Suriname and Trinidad and Tobago became the first six Caricom countries to have signed on to the single market.
Their premiers, in a 3:00 pm ceremony at the Mona Visitors Lodge, University of the West Indies, will sign a document entitled 'Declaration by Heads of Government of the Caribbean Community Marking the Coming into being of the CARICOM Single Market'.
Six other countries that have committed to membership in the common market by March 31 - Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St Lucia, and St Vincent and the Grenadines - will sign a document titled 'Draft Declaration of Intent by Heads of Government of the Caribbean Community on the Participation of their Countries in the Caricom Single Market.'
During presentation of the 2006 budget on January 20th, Finance Minister Anthony Boatswain said Grenada and the rest of the OECS states which have not yet signed on to the CSM have until March 31st to do so.
He added that a legal expert is working with the Grenada government on drafting the necessary legislation in order that the country becomes fully compliant with the revised treaty. Expressing confidence that Grenada will meet the March 31st deadline, Boatswain said government will also ensure that sensitive industries are not negatively affected by the CSME.
He said there are provisions under chapter seven of the revised treaty that Grenada will use to protect its various sectors as the transition is made to a single economic space.
THE Caricom Single Market is to be launched in Kingston Jamaica on Monday January 30th.
Barbados, Belize, Guyana, Jamaica, Suriname and Trinidad and Tobago became the first six Caricom countries to have signed on to the single market.
Their premiers, in a 3:00 pm ceremony at the Mona Visitors Lodge, University of the West Indies, will sign a document entitled 'Declaration by Heads of Government of the Caribbean Community Marking the Coming into being of the CARICOM Single Market'.
Six other countries that have committed to membership in the common market by March 31 - Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St Lucia, and St Vincent and the Grenadines - will sign a document titled 'Draft Declaration of Intent by Heads of Government of the Caribbean Community on the Participation of their Countries in the Caricom Single Market.'
During presentation of the 2006 budget on January 20th, Finance Minister Anthony Boatswain said Grenada and the rest of the OECS states which have not yet signed on to the CSM have until March 31st to do so.
He added that a legal expert is working with the Grenada government on drafting the necessary legislation in order that the country becomes fully compliant with the revised treaty. Expressing confidence that Grenada will meet the March 31st deadline, Boatswain said government will also ensure that sensitive industries are not negatively affected by the CSME.
He said there are provisions under chapter seven of the revised treaty that Grenada will use to protect its various sectors as the transition is made to a single economic space.
© GBN
