Caribbean Free Trade Association (CARIFTA)

Exploring the Caribbean Free Trade Association (CARIFTA)

Unraveling CARIFTA: A Prelude to Regional Economic Integration

Delve into the history and significance of the Caribbean Free Trade Association (CARIFTA), a multilateral free-trade area that laid the groundwork for economic collaboration among Caribbean nations. Learn about its formation, challenges, and legacy in shaping regional trade policies.

Understanding CARIFTA

Discover how CARIFTA emerged as a response to the dissolution of the West Indian Federation, aiming to foster economic cooperation and development in the Caribbean region. Explore the dynamics of tariff removal and trade facilitation within the trade bloc, and its subsequent evolution into CARICOM.

The Rise and Fall of CARIFTA

Explore the factors leading to the short-lived existence of CARIFTA, including disputes over tariff reductions and concerns about disproportionate representation. Learn how these challenges paved the way for the establishment of CARICOM as a successor to CARIFTA, with a renewed focus on regional integration.

The Caribbean Community and Common Market (CARICOM)

Gain insights into the composition and objectives of CARICOM, a regional organization comprising twenty member countries. Explore the vision for a single market and economy within the Caribbean region, and the ongoing efforts to promote trade and economic growth among member states.

Exploring the Caribbean Single Market and Economy (CSME)

Learn about the ambitious initiative of the Caribbean Single Market and Economy (CSME), aimed at integrating member states into a cohesive economic unit. Discover the potential benefits and challenges of this initiative, and its implications for regional trade and development.