CARICOM Single Market and Economy

This article needs to be updated. Please help update this article to reflect recent events or newly available information. (January 2013)

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Politics and government of the Caribbean Community
Secretariat Chairmanship Trinidad and Tobago Secretary-General Irwin LaRocque Deputy Secretary-General - Heads of Government
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Related Institutions Caribbean Development Bank Caribbean Law Institute OECS University of Guyana University of the West Indies
Projects CSME Caribbean passport CARIPASS
Other Caribbean Initiative CaribNet Member States Petrocaribe Caribbean Free Trade Association (CARIFTA) Agreement of Dickenson Bay Treaty of Chaguaramas Revised Treaty of Chaguaramas
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The CARICOM Single Market and Economy, also known as the Caribbean Single Market and Economy (CSME), is an integrated development strategy envisioned at the 10th Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) which took place in July 1989 in Grand Anse, Grenada. The Grand Anse Declaration^[1] had three key Features:

1. Deepening economic integration by advancing beyond a common market towards a Single Market and Economy.
2. Widening the membership and thereby expanding the economic mass of the Caribbean Community (e.g. Suriname and Haiti were admitted as full members in 1995 and 2002 respectively).
3. Progressive insertion of the region into the global trading and economic system by strengthening trading links with non-traditional partners.

A precursor to CARICOM and its CSME was the Caribbean Free Trade Agreement, formed in 1965 and dissolved in 1973.