CARICOM

11 December 2015
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Priscilla Lachman
IBFD + Tax Consultant IBFD Regional Editor & Tax Consultant in the Caribbean countries

The Caribbean Community (CARICOM) is an organization of 15 Caribbean nations and dependencies. CARICOM's main purposes are to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and to coordinate foreign policy.

The objectives of CARICOM are: 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.

The Caribbean Community and Common Market; CARICOM