Presented By:-

Group 4

Arup Sarkar (063010)Muthu I (063026)Prakhar Gupta (211097)

CARICOM

April 21, 2023

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• The Caribbean Community (CARICOM) is an organisation 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▫ To coordinate foreign policy

• The major activities involve:-▫ Coordinating economic policies and development planning▫ Devising and instituting special projects for the less-developed countries within its jurisdiction▫ Operating as a regional single market for many of its members (Caricom Single Market)▫ Handling regional trade disputes

About CARICOM

April 21, 2023

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April 21, 2023

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• The CARICOM was established by the Treaty of Chaguaramas in 1973. The first four signatories were Barbados, Jamaica, Guyana and Trinidad & Tobago.

• A Revised Treaty of Chaguaramas establishing the Caribbean Community, including the CARICOM Single Market and Economy (CSME) was signed by the CARICOM Heads of Government of the Caribbean Community in 2001.

• Since 2013, the CARICOM-bloc along with the Dominican Republic is tied to the European Commission via an Economic Partnership Agreement known as CARIFORUM signed in 2008. The treaty grants all members of the European Union and CARIFORUM equal rights in terms of trade and investment.

Establishment of CARICOM

April 21, 2023

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• Trinidad blocked beef patties from Jamaica because of concerns it raised about sanitary standards

• The issue caused a trade dispute between Jamaica and Trinidad which resulted in public debate on the state of intraregional trade and the objectives of the Caribbean Community Single Market

•On the flip side, experts argue that Trinidadians have met little resistance in accessing the Jamaican market, which they say is a major reason behind Jamaica's huge trade deficit with Trinidad — US$526.2 million in 2009

• Food and Drugs Division in Trinidad finally allowed shipments of patties from Jamaica after the various inspections of plant and product to ensure safety supported by scientific evidence

Jamaica Trinidad & Tobago Patty War

April 21, 2023

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• Prior to 2000, when Brazil introduced its ban on retreaded tire imports, the EU exported approximately two million retreaded tires per year to Brazil, equivalent to an estimate of 20 per cent of the Brazilian market for such products

• Brazilian measures resulted in company closures and job losses within the Community

•On January 7, 2004, the European Commission initiated an investigation into Brazilian practices relating to imports of retreaded tires

• EU claimed that Brazil’s ban on retreaded tire imports from non-MERCOSUR countries, and its imposition of penalties relating to such imports, were non-tariff restrictions on trade prohibited by GATT Article XI

EU-Brazil Dispute

THANK YOU