[NYTr] CARICOM Summit Discusses Single Market & Economy (CSME)
 
Date: Tue, 3 Jul 2007 16:19:04 -0500 (CDT)

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CARICOM Summit: Single Market and Economy (DSME) on Agenda

Havana, July 3 (acn) The creation in 2008 of the CARICOM Single Market 
and Economy (CSME) is on Tuesday's agenda of heads of State gathered in 
Barbados for the annual meeting of the Caribbean Community (CARICOM).

A dozen countries have united into a common market, which so far favors 
trade of merchandise, services, and employment categories. As a premise 
for the creation of CSME next year, it will also encourage development 
programs for disadvantaged members.

All CSME projects are designed to make the region become more 
competitive in the international market, said Owen Arthur, Barbados 
Prime Minister and President of CARICOM before 300 participants.

"Integration is a historical need", he added.

CARICOM Single Market and Economy will encourage a faster and wider 
internal market for Caribbean countries, which should be able to 
sub-contract off-region companies. A revival of agriculture based on an 
initiative of Guyana's President Bharrat Jagdeo is among the actions to 
be taken after this 28th CARICOM Summit. According to Arthur, during 
the next eighteen months the group will focus on new investment codes 
and free movement of goods, labor and services across the member states.
       
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