Article: What is CSME and CARICOM?
..and what does it mean for jobs ?
The implementation of the Caribbean Single Market and Economy will allow free movement of workers throughout the Caribbean. Jamaica and Trinidad/Tobego seem to be the most verbal and visual in pursuing job movement.
Foreverwarm Jobs believes this will expand the jobs base for skilled workers, especially for Nationals, will create a new job type; namely CSME jobs, and in the short term will offer expatriates opportunities as teachers and skilled workers in training positions. If you fall into this catagory then you should look at contacting post secondary schools throughout the Caribbean. Sign up, or log in to research finding these CSME jobs opportunities.
CSME: Caribbean Single Market and Economy
The main objectives of the CSME are: full use of labour (full employment) and full exploitation of the other factors of production (natural resources and capital); competitive production leading to greater variety and quantity of products and services to trade with other countries. It is expected that these objectives will in turn provide improved standards of living and work and sustained economic development.
Key elements of the Single Market and Economy include:
- Free movement of goods and services – through measures such as eliminating all barriers to intra-regional movement and harmonising standards to ensure acceptability of goods and services traded;
- Right of Establishment – to permit the establishment of CARICOM owned businesses in any Member State without restrictions;
- A Common External Tariff – a rate of duty applied by all Members of the Market to a product imported from a country which is not a member of the market;
- Free circulation – free movement of goods imported from extra regional sources which would require collection of taxes at first point of entry into the Region and the provision for sharing of collected customs revenue;
- Free movement of Capital – through measures such as eliminating foreign exchange controls, convertibility of currencies (or a common currency) and integrated capital market, such as a regional stock exchange;
- A Common trade policy – agreement among the members on matters related to internal and international trade and a coordinated external trade policy negotiated on a joint basis;
- Free movement of labour – through measures such as removing all obstacles to intra-regional movement of skills, labour and travel, harmonising social services (education, health, etc.), providing for the transfer of social security benefits and establishing common standards and measures for accreditation and equivalency.
Links to Caricom Books
Summary of Key Elements (pdf file)
CSME website of Trinidad/Tobego
CARICOM: CARIbbean COMmunity
It is an organisational body who’s objective is;
” to improve standards of living and work; the full employment of labour and other factors of production; accelerated, coordinated and sustained economic development and convergence; expansion of trade and economic relations with third States; enhanced levels of international competitiveness; organisation for increased production and productivity; achievement of a greater measure of economic leverage and effectiveness of Member States in dealing with third States, groups of States and entities of any description and the enhanced co-ordination of Member States’ foreign and foreign economic policies and enhanced functional co-operation.”
CARICOM MEMBER STATES
Antigua and Barbuda The Bahamas
Barbados
Belize
Dominica
Grenada
Guyana
Haiti
Jamaica
Montserrat
Saint Lucia
St. Kitts and Nevis
St. Vincent and the Grenadines
Suriname
Trinidad and Tobago
CARICOM ASSOCIATE MEMBERS
Anguilla – 4 July 1999
Bermuda – 2 July 2003
British Virgin Islands – 2 July 1991
Cayman Islands – 15 May 2002
Turks and Caicos Islands – 2 July 1991
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by dave, on 06.17.10 @ 8:38 am
CSME is a waste of time, the structure of the Governmental Institutions in CARICOM is beyond worst. For example, if a ministry have to type a letter you have to wait three weeks.
Barbados is prfiling its own CARICOM nationals, and prejudice is always evidence in these scenarios. There is always insularity between the islands.
People in the ministries are not even aware of their so call Inter-Governmental Agreement much less CSME.
The whole concept was to copy what is happening in the EU, but gosh CARICOM’s attitude and people are three stone ages away from this. not this lifetime.
So stop this bull about CMSE, go to Barbados and apply for a loan under CSME.
you’ll see what I am speaking about.
Go Figures.