Who / What
The Caribbean Community (CARICOM) is a regional intergovernmental organisation functioning as a political and economic union. It consists of 15 member states and five associated members, primarily located in the Americas, the Caribbean, and the Atlantic Ocean. Its primary objective is to promote economic integration and cooperation among its members and coordinate foreign policy.
Background & History
CARICOM was established in 1973 when its four founding members signed the Treaty of Chaguaramas. The organisation emerged from a historical context of regional cooperation efforts among Caribbean nations seeking greater economic and political integration. A key milestone was its formation as a successor to the Caribbean Free Trade Association (CARIFTA), expanding its scope beyond trade to include broader coordination.
Why Notable
CARICOM is significant as the primary institution for regional integration in the Caribbean, playing a crucial role in fostering economic collaboration and policy coordination among member states. It has achieved notable impact through initiatives promoting equitable sharing of integration benefits and collective foreign policy positions. The organisation serves as an important voice for Caribbean interests on the international stage.
In the News
CARICOM remains actively engaged in addressing regional challenges including climate change impacts and economic development strategies. Recent developments involve coordinating regional responses to global crises and strengthening trade agreements. Its ongoing relevance lies in providing a unified platform for Caribbean nations in international affairs.
