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CARICOM SINGLE MARKET & ECONOMY

ANNEX V. CARICOM SINGLE MARKET & ECONOMY. FORUM OF CARICOM DIRECTORS OF GOVERNMENT INFORMATION SERVICES FREE MOVEMENT OF PERSONS The Vision and the Reality CARICOM Community Secretariat Kingston Jamaica 16-17 March 2005. CARICOM SINGLE MARKET & ECONOMY. BUILDING BLOCKS OF THE CSME

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CARICOM SINGLE MARKET & ECONOMY

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  1. ANNEX V CARICOM SINGLE MARKET & ECONOMY FORUM OF CARICOM DIRECTORS OF GOVERNMENT INFORMATION SERVICES FREE MOVEMENT OF PERSONS The Vision and the Reality CARICOM Community Secretariat Kingston Jamaica 16-17 March 2005

  2. CARICOM SINGLE MARKET & ECONOMY BUILDING BLOCKS OF THE CSME • Legal Frameworks • Financial Resources • Human Resources • Social Assets Sense of identity Shared identity

  3. CARICOM SINGLE MARKET & ECONOMY CONTEXT OF FREE MOVEMENT • 400 years of economic articulation • Community of Sovereign States • Regional Market: minimum economic activity • Lack of compliance

  4. CARICOM SINGLE MARKET & ECONOMY LANDMARKS 1968 CARIFTA • Treaty Establishing the Caribbean Community and Common Market (signed at Chaguaramas, Trinidad and Tobago, 4 July 1989: Grande Anse Declaration 1990-2002 Signing of Protocols leading to the Revised Treaty establishing the Caribbean Community (including the CARICOM Single Market and Economy) 2003: Rose Hall Declaration 2005: Year of the CARICOM Single Market

  5. CARICOM SINGLE MARKET & ECONOMY More Structured vs. ad hoc Framework: Rule and Role of Law (CCJ) CSME more structured approach to service and entrepreneurship Provision of Services CSME competitiveness: restructuring approaches and increasing opportunities Right of Establishment

  6. CARICOM SINGLE MARKET & ECONOMY Provision of services • Provision of services is a right (Art. 30) • All services will be open to competition except: (a) those involving the exercise of governmental authority (Art. 30) (b) those where there is a monopoly (Art. 31) • Non-discrimination applies to all laws, rules, administrative measures and service industries

  7. CARICOM SINGLE MARKET & ECONOMY Provision of Services: The Reality Removal of Restrictions for - • Companies • Non-Wage Earners (self-employed persons involved in industrial, agricultural, professional, commercial and artisan activities) • Managerial, technical and supervisory persons • Spouses and dependant persons

  8. CARICOM SINGLE MARKET & ECONOMY Right of Establishment Obligations: • Permit establishment in all areas • Do not introduce new restrictions • Remove existing restrictions

  9. CARICOM SINGLE MARKET & ECONOMY Right of Establishment Who has this right? According to Article 32- • natural persons: citizens, nationals, residents • natural persons: self-employed persons, persons engaged in non-wage earning activities of an agricultural, industrial, commercial, artisanal and professional nature • companies and other legal entities, agencies, branches and subsidiaries

  10. CARICOM SINGLE MARKET & ECONOMY FREE MOVEMENT OF PERSONS: TWO REGIMES- • Facilitation of Travel (Art. 46) • Movement of Skills (Arts. 32, 34(d), 36 and 37)

  11. CARICOM SINGLE MARKET & ECONOMY Regime One: Facilitation of Travel (Art. 46) • Common travel documents • Common landing documents • National treatment at ports of entry

  12. CARICOM SINGLE MARKET & ECONOMY Regime Two:Movement of Skills - Companies and Non-Wage Earners (self- employed persons) • Wage Earners (University Graduates; Musicians; Artistes; Sports Persons; Media workers; Managerial, Technical and Supervisory Staff of establishing entities • Other special categories (under discussion)

  13. CARICOM SINGLE MARKET & ECONOMY LIBERALISATION: The reality Removal of work permit: - Skilled Nationals Act for wage earners and the self-employed • Self-employed • Other skills levels • Removal of existing restrictions for persons establishing a business or providing a service

  14. CARICOM SINGLE MARKET & ECONOMY Status: Movement of Persons Right of establishment : • Barbados, Jamaica and Trinidad and Tobago completed the removal of restrictions - All other Member States to complete the process by 31 December 2005

  15. CARICOM SINGLE MARKET & ECONOMY Status: Movement of Persons Free Movement of Persons : • Common Lines implemented in all Member States • Suriname started with the issuance of a CARICOM passport • All other Member States to introduce the CARICOM passport • Free Movement of wage earners implemented in all Member States, except Antigua and Barbuda, Montserrat and St. Kitts and Nevis

  16. CARICOM SINGLE MARKET & ECONOMY Status: Movement of Persons Provision of Services : • Barbados, Jamaica and Trinidad and Tobago completed the removal of restrictions - All other Member States to complete the process by 31 December 2005

  17. CARICOM SINGLE MARKET & ECONOMY THE IMPACT OF FREE MOVEMENT • Quality of goods and services • New/non-traditional businesses • Coalition of service providers • Itinerant Community workers • New Migration outlook

  18. CARICOM SINGLE MARKET & ECONOMY INTERSECTION OF VISION/REALITY • Regional transportation • IT/ICT for Development • Education and Training • Cultural Industries • Beyond consolidation of cultural bonds

  19. CARICOM SINGLE MARKET & ECONOMY CATALYSTS TO ACTION • Accreditation/ Standardisation • CCJ • New Executive Mechanism • Restructured CARICOM Secretariat • World Cup Cricket • CARICOM/PANCAP

  20. CARICOM SINGLE MARKET & ECONOMY IMPERATIVES FOR THE CSME REALITY • GLOBAISATION • THE FTAA • SELF-RESPECT

  21. CARICOM SINGLE MARKET & ECONOMY Some Action Points • Information and Communication Network • The role of GIS - Marketing and Public Education • The role of the Media

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