Reflections on the Caribbean Single Market and Economy

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Reflections on the Caribbean Single Market and
Economy

• Norman Girvan

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CSME Action Elements (I)
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CSME Action Elements (II)
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CSME Implementation Deficit (I)
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CSME Implementation Deficit (II)
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Implementation Deficit Institutional /Legal
Framework

• 10 countries still to enact revised treaty into
  domestic law
  
• Little or no action on provisions regarding
• Competition policy
• Intellectual property rights
• Company law
• Financial services
• Customs law
• Government procurement
• Dispute settlement (other than the CCJ)

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Implementation Deficit Single Market

• Free trade in goods continuation of unauthorised
  barriers and licenses, discriminatory internal
  taxes and other fiscal charges
  
• Free trade in services no member state has
  enacted legislation
  
• Free movement of capital no member state has
  enacted legislation
  
• Free movement of skilled persons a variety of
  administrative impediments remain
  
• Common external protection the regional regime
  is still incomplete
  

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Implementation Deficit Single Economy

• Macroeconomic policy coordination
• Fiscal policy coordination
• Monetary policy coordination
• Monetary union/single currency
• Harmonised corporation tax
• Community investment policy
• Sectoral policies for
• Agriculture
• Industry
• Services
• Transport

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CARICOM Exports by Principal Destination (USM)
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CARICOM Exports by Principal Destination ()
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Selected CARICOM Countries Revealed Comparative
Advantage in Commercial Services (I)
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Selected CARICOM Countries Revealed Comparative
Advantage in Commercial Services (II)
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Evaluating CSME Costs
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Evaluating CSME Benefits
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Main Trade Agreements signed by ACS Countries (I)
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Main Trade Agreements signed by ACS Countries
(II)
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Main Trade Agreements signed by ACS Countries
(III)
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Main Trade Agreements signed by ACS Countries (IV)
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CARICOMS Exports to ACS Region 2001 (USM)
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CARICOMS Exports to ACS Region 2001 ()