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ESTABLISHMENT OF THE CARICOM SINGLE MARKET AND ECONOMY
SUMMARY OF STATUS OF KEY ELEMENTS

Updated: 16 March 2005

ELEMENTS

STATUS

ACTION REQUIRED

1. TREATY REVISION Currently applies to 12 of the 15 CARICOM Member States The Bahamas to decide

Haiti to complete process

Montserrat awaiting entrustment from U.K.
1.1 Signature of Revised Treaty Twelve (12) Member States and Haiti have signed Revised Treaty The Bahamas and Montserrat to sign
1.2. Protocol on Provisional Application of Revised Treaty The twelve (12) Member States have signed  
1.3. Protocol on the Revision of the Treaty The twelve (12) Member States have signed  
1.4. Ratification of Revised Treaty The twelve (12) Member States have ratified Revised Treaty Dominica to deposit instruments of ratification.
1.5. Enact Treaty into Domestic Law Barbados, Belize, Jamaica, Saint Lucia, St Vincent and the Grenadines, Suriname and Trinidad and Tobago have enacted Treaty into Domestic Law All other Member States to enact the Treaty
2. NATIONAL ADMINISTRATION    
2.1. Ministry with responsibility for CARICOM Affairs The 12 Member States and The Bahamas, Haiti and Montserrat have identified Ministry with responsibility for CARICOM Affairs  
2.2. National Consultative System
      - Inter-Ministerial Consultative Committee

     -
Business and Labour Advisory Committee

All Member States except Dominica have IMCC

5 Member States have confirmed formal BLAC- Antigua and Barbuda, Grenada, Guyana, Jamaica, St Vincent and the Grenadines though other Member States have some arrangement in place
Other Member States to ensure establishment of systems
2.3. Establishment of CSME Unit or focal point All 12 Member States and Haiti and Montserrat have formally identified a designated Official. Member States to support the effective functioning of its Focal Point
3. ENFORCEMENT, REGULATION AND SUPPORTING INSTITUTIONS    
3.1. Caribbean Court of Justice    
3.1.1. Signature of Agreement The twelve (12) Member States have signed The Bahamas and Montserrat to sign
3.1.2. Ratification of Agreement Eleven (11) Member States have ratified the Agreement.

The Agreement entered into force with the deposit of the third instrument.
Of the Member States which have signed - Antigua and Barbuda to deposit Instruments of Ratification.
3.1.3. Enactment of Agreement into Domestic Law Eleven (11) Member States have enacted legislation giving effect to the Agreement  Trinidad and Tobago to enact legislation giving effect to Agreement
3.2. CARICOM Regional Organisation for Standards and Quality (CROSQ)    
3.2.1.Signature of Agreement establishing CROSQ Agreement signed by the twelve (12) Members

The Agreement is being provisionally applied among these Member States.
Montserrat to sign, which signature will bring the Agreement into force
3.2.2. Enactment of Agreement into domestic law Belize, Jamaica and Suriname have enacted the Agreement into law Other Member States to indicate status enactment or to enact into law
3.3 National Standards Bodies National Standards Bureaux established in eleven (11) Member States. Efforts being made to establish NSB in Suriname as well as Montserrat
3.4 National Competition Authorities National Competition Bodies established in Barbados, Jamaica and St. Vincent and the Grenadines. All other Member States to  establish national competition authorities.
4. FREE MOVEMENT OF GOODS    
4.1 Tariffs and Non-Tariff Barriers Task Force established by COTED to review existing NTBs against intra-regional trade. A proposed Schedule for Removal of Unauthorized NTBs is being considered by Member States and COTED  
4.1.1 Removal of unauthorized import (or equivalent) duties on goods of Community Origin (i) Belize applies a Revenue Replacement Duty on a specific list of goods of Community Origin;

(ii) St. Kitts and Nevis applies an unauthorized import duty on beer, pasta and aerated beverages from St. Lucia;
(i) Belize to remove discriminatory application of Revenue Replacement duty on goods of Community Origin.

(ii) St. Kitts and Nevis to remove application of import duty on beer, pasta and aerated beverages from St. Lucia.
4.1.2 Removal of export duties on goods of Community Origin Suriname applies an export tax on lumber of Community Origin Suriname to remove the application of the export tax on lumber.
4..1. 3 Removal of discriminatory Internal Taxes and Other Fiscal Charges Discriminatory taxes and charges have been identified as follows:

Discriminatory Environmental Levy applied by Antigua and Barbuda, Barbados and Grenada on goods of Community origin.

Discriminatory Environmental Tax applied by Belize and Guyana

[Discriminatory] Bottle Deposit Levy applied by St. Vincent and the Grenadines.

A [discriminatory] Inspection Fee is applied by Trinidad and Tobago on certain goods of Community origin.

A [discriminatory] Consent Fee is applied by Suriname on all imports of Community Origin.

Discriminatory Consumption Tax applied by Antigua and Barbuda on all imports of Community origin; and by Guyana on imports of apparel of Community origin.

Montserrat applies a Special Produce Import Tax on wine, beer and rum of Community origin.

Member States to remove those discriminatory application of Internal Taxes and other Fiscal charges on goods of Community Origin that have been confirmed
4.1.4 Removal of unauthorized import licenses on goods of Community origin Import licenses applied by Antigua and Barbuda, Saint Lucia and St. Vincent and the Grenadines on various goods of Community origin. Unauthorised Import licenses to be removed from goods of Community Origin.
4.1.5 Removal of Quantitative Restrictions St. Vincent and the Grenadines maintains prohibitions on certain agricultural products from Grenada, Jamaica and Trinidad and Tobago. Quotas and Prohibitions to be removed
5. FREE MOVEMENT OF SERVICES    
5.1. Removal of Restrictions to Provision of Services    
5.1.1.Notification of Restrictions New restrictions identified to be confirmed by Member States by 31 January 2005 and notified to COTED.  
5.1.2. Implementation of Programmes for Removal of Restrictions The Thirteenth Inter-Sessional Meeting of the Conference in February 2002 formally approved the Schedules of Commitments for removal of Restrictions by Member States, which took effect from 1 March 2002. for phased removal by 31 December 2005.

The Conference has agreed that Programmes for the removal of restrictions on international maritime and air transportation would be negotiated at a later date.

Two- year derogation granted to Montserrat from its obligation to implement Programmes, expired on 28 February 2004. Montserrat’s schedule for removal of restrictions has been approved by to the Conference in November 2004.

Legislative and administrative action to be taken by all Member States to remove restrictions to provision of Services by end 2005.



Programmes for the removal of restrictions on the provision of Transportation Services to be developed

 

6. FREE MOVEMENT OF PERSONS    
6.1. Free Movement of Skills    
6.1.1. Implementation of Skills Legislation [Free movement of University Graduates] Legislation in eleven (11) Member States Antigua and Barbuda to amend legislation work. Suriname to amend legislation to cater for indefinite stay of CARICOM Nationals.
6.1.1.1 Regulatory and Administrative arrangements for free movement of graduates. Action to facilitate free movement of graduates completed by 11 Member States Antigua and Barbuda to take the necessary action.
6.1.2. Implementation of legislation for free movement of Artistes, Media Workers, Musicians, Sports persons Ten (10) Member States have explicit legal provision for free movement of artistes, media workers, musicians and sports persons. Antigua and Barbuda and St. Kitts and Nevis to amend existing legislation to provide for free movement of these categories
6.1.2.1. Regulatory and Administrative arrangements for free movement of Artistes, Media Workers, Musicians, Sports persons Ten (10) Member States have completed action to facilitate free movement. Antigua and Barbuda and St Kitts and Nevis to implement arrangements.
6.1.3. Legislative and Administrative arrangements for Free Movement of Self employed service providers, entrepreneurs, technical, managerial and supervisory staff, spouses and immediate dependent family members, persons consuming services abroad. Chapter Three expanded the categories of persons eligible to move freely, to include Removal of Restrictions on these additional categories at latest in accordance with the time line of December 2005. Member States to take legislative and administrative action to give effect to the free movement of these categories by December 2005.
6.2. . Contingent Rights The Revised Treaty provides for the subsequent addition of a Protocol treating with Contingent Rights The Secretariat to commence work to consider the development of policy framework in this area.
6.3. Facilitation of Travel    
6.3.1. Elimination of need for passport by CARICOM Nationals, for intra-regional travel (e.g use of ID card) Most Member States continue to require CARICOM Nationals to present passports at ports of entry.

Guyana has amended its legislation to provide for acceptance of photo Ids.

OECS Members accept photo-IDs from other OECS nationals

Conference agreed that a common machine-readable passport should be used for intra-regional travel
 
6.3.2. CARICOM Passport Suriname has introduced CARICOM Passport All other Member States to introduce the CARICOM Passport as soon as feasible
6.3.3. Common E/D Form. Immigration and other Regional Officials have agreed on core elements for a CARICOM E/D Form. Member States to agree on common design
6.3.4. Lines identified for CARICOM and Non-CARICOM Nationals at Ports of entry All 12 Member States have implemented two sets of lines at ports of entry -
Common Lines for (their own and other) CARICOM Nationals; and
Lines for Non-CARICOM Nationals / Visitors.
Montserrat also in compliance.
Member States to monitor to ensure national treatment is accorded
6.4. Mechanism for equivalency and accreditation    
6.4.1. Establishment of National and Regional Accreditation Infrastructure Fully functioning national body in Jamaica and Trinidad and Tobago.
Institution established in St. Kitts and Nevis with limited functions and Barbados is seeking to operationalise its own Body;

Member States are at various stages in the process of establishing national institutions.
Member States to implement COHSOD decision to establish National Accreditation bodies.

Inter-Governmental Agreement to be finalised and Regional Accreditation Body to be put in place to oversee accreditation and equivalency.
6.4.2 Caribbean Accreditation Authority for Education in Medical and Other Health Professions The Agreement in Force among six Member States –Antigua and Barbuda, Belize, Jamaica, Suriname, Trinidad and Tobago. The Bahamas has also signed the Agreement which entered into force with the fifth signature. All other Member States to sign the Agreement
6.5. Agreement on Transference of Social Security benefits    
6.5.1. Signature and Ratification of Agreement Agreement entered into force on 1 April 1997.

Eleven (11) Member States and also The Bahamas and Montserrat have signed and ratified the Agreement.

Suriname does not have a national social security system similar to that in other Member States.







Suriname to regularize its Social Security arrangement.
6.5.2. Enactment of Social Security Legislation Eleven (11) Member States, also The Bahamas and Montserrat have enacted national legislation to give effect to the Agreement

Barbados, Dominica, Guyana, St. Kitts and Nevis and Trinidad and Tobago processing claims under the Agreement.

 
7. FREE MOVEMENT OF CAPITAL    
7.1. Removal of Restrictions to Movement of Capital    
7.1.1. Notification of Restrictions List of existing restrictions notified by all Member States in 2000  
7.1.2. Implementation of Programmes for Removal of Restrictions The Thirteenth Inter-Sessional Meeting of the Conference in February 2002 formally approved the Schedules of Commitments for removal of Restrictions by Member States, which took effect from 1 March 2002.



Montserrat’s Programme has been approved by the Conference after a two- year derogation from its obligation to implement Programmes.
Legislative and administrative action to be taken by all Member States to remove restrictions to the Free Movement of Capital at latest December 2005.
7.2. Capital Market Integration    
7.2.1. Establishment of Stock Exchange National Stock exchanges established in The Bahamas,
Barbados, Guyana, Jamaica, Suriname, Trinidad and Tobago and the OECS (serving all OECS Members)
Belize to establish national Stock Exchange
7.2.2. Cross-listing and trading Barbados, Jamaica and Trinidad and Tobago are the only countries comprising the Regional Stock Market. Regional Capital Markets Committee has been developing recommendations re possibilities for Regional Stock Exchange. Caribbean Credit Rating Agency has been established in Trinidad & Tobago Legislative and administrative framework to be developed and implemented to facilitate Cross- Listing and Trading by other Member States.
7.3. Intra-Regional Double Taxation Agreement    
7.3.1. Signature and Ratification of Agreement Eleven (11) Member States have signed and ratified Suriname to sign and ratify Agreement and also Montserrat
7.3.2. Enactment of Legislation National Legislation enacted by nine (9) Member States - Antigua and Barbuda, Barbados, Belize, Dominica, Guyana, Jamaica, Saint Lucia, St. Vincent and the Grenadines and Trinidad and Tobago. Of the Member States which have signed and ratified the Agreement, Grenada and St. Kitts and Nevis to enact national legislation to give effect to the Agreement.
8. RIGHT OF ESTABLISHMENT    
8.1. Removal of Restrictions    
8.1.1. Identification and Notification of Restrictions List of existing restrictions notified by all Member States in 2000  
8.1.2. Implementation of Programme for Removal of Restrictions The Thirteenth Inter-Sessional Meeting of the Conference in February 2002 formally approved the Schedules of Commitments for removal of Restrictions by Member States, which took effect from 1 March 2002.

Montserrat’s Programme to remove restrictions has been approved by the Conference after a two- year derogation from its obligation to implement Programmes

Legislative and administrative action to be taken by all Member States to remove restrictions to Right of Establishment at latest 2005.
9. COMMON EXTERNAL POLICY    
9.1. Implementation of Fourth Phase of CET Eleven (11) Member States and Montserrat have implemented Fourth Phase St. Kitts and Nevis to take action to implement.
9.2. Implementation of Revised Structure of the CET based on 2002 HS Barbados, Guyana, Jamaica, Trinidad and Tobago and also Montserrat have implemented All other Member States to take action to implement the Revised Structure of the CET
9.3. Implementation of Amended Schedule I (Rules of Origin) based on 2002 HS Barbados, Guyana, Jamaica, Trinidad and Tobago and also Montserrat have implemented All other Member States to take action to implement the Revised Structure of the CET
10 HARMONISATION OF LAWS - to include:    
10.1. Implementation of Harmonised Customs Legislation, Regulations and Forms Draft of 20 modules of model Customs Legislation have been reviewed by Chief Parliamentary Counsels (CPCs) and Customs Officials and are being redrafted. Finalisation of the redrafting by CPCs and CARICOM Legislative Drafting Facility (CLDF)
10.2 Legal Regime for Establishment, Services and Capital Draft Model approved by Legal Affairs Committee (LAC). Also Draft of amendments submitted to Member States. Member States to implement.
10.3 Competition Law Draft Model approved by LAC Member States other that Barbados, Jamaica and St. Vincent and the Grenadines to take action
10.4 Consumer Protection Draft Model with Member States.

Barbados has Legislation

CPCs to examine
10.5 Anti- Dumping and Countervailing Measures CPCs are examining Draft Model Bill.

Trinidad and Tobago has legislation.

 
10.6 Banking and Securities Legislation Draft Financial Institutions Act and


Draft Financial Services Agreement have been prepared
Review by the relevant institutions

National consultations in Member States
10.7 Companies/Other Legal Entities    
10.8 Intellectual Property Rights    
10.9 Standards and Technical Regulations Ongoing  
10.10 Accreditation Model  National Accreditation Bill has been considered by CPC and is being finalised  
10.11 Labeling of Food and Drugs    
10.12 Sanitary and Phyto-sanitary Measures Some drafts are with Member States  
10.13 Commercial Arbitration    
10.14 Subsidies    
10.15 Other    
11. SECTORAL PROGRAMMES AND CREATION OF ENABLING ENVIRONMENT

11.1 Industry
11.2 Micro and Small Economic Enterprise Development
11.3 Services
11.4 Tourism
11.5 Agriculture
11.6 Transportation

 

 

 

11.3 Coalition of Service Industries being established in Member States

11.4 Caribbean Tourism Development Plan agreed by Member States

Community to turn its attention to Single Economy issues

 

 


11.5 Conference will consider recommendations from the Lead Head of Government at its next meeting

12. COMMON SUPPORT MEASURES

12.1 Human Resource Development
12.2 Research and Development
12.3 Environmental Protection
12.4 Intellectual Property Rights
12.5 Community Investment Policy
12.6 Harmonisation of Investment Incentives
12.7 Macro Economic Policies
12.8 Financial Infrastructure
12.9 Industrial Relations
12.10 Legal Infrastructure
12.11 Development of Social Infrastructure
12.12 Role of the Public Authorities and interface with the private sector.










12.4 Committee has been meeting
12.5 Technical work on Regional Investment Code has been completed
12.6 Technical Work completed
12.7 Convergence criteria being monitored
12.8 Drafts of Financial Services Agreement and Financial Institutions Act with Member States



12.1 COHSOD to continue to address these issues.





12.5 Review by Technical Team on Investment Policy prior to presentation to Tenth Meeting of COFAP in 2005.

12.7 Member States to incorporate convergence criteria into budgetary and policy formulation.

12.8 COFAP to consider recommendations
13. PUBLIC EDUCATION Public education activities undertaken by Member States independently and by Member States in collaboration with the Secretariat continue to be ongoing. Intensification of Public Education Programme at national and regional level.


Source: CARICOM Secretariat