What are the less developed countries of Caricom?

The countries of CARICOM which are designated as Less Developed Countries (LDCs) are:

• Antigua and Barbuda.
• Belize.
• Commonwealth of Dominica.
• Grenada.
• Republic of Haiti.
• Montserrat.
• Federation of St. Kitts and Nevis.
• St Lucia.

What are the disadvantages of Caricom?

1) Disadvantages arising directly from the establishment of the CSME infrastructure which would influence the distribution of gains from market and economic integration. 2) Prior disadvantages e.g.size. 3) Potential disadvantages which may arise from the vulnerability of the economies of specific countries.

Which Caricom country has the lowest GDP?

Guyana
The country with the lowest per capita GDP in the Region in 2015 was Guyana at US$4,285.

What are the problems of Caricom countries?

The current international political and economic context has meant that Caribbean countries face a difficult situation today in diverse areas, ranging from the effects of natural disasters to a shortage of resources, complex access to financing, narrow fiscal space for introducing social reforms, and the burden of high …

How many CARICOM countries are there in the world?

CARICOM was first established in 1973 through the Treaty of Chaguaramas. This treaty was later revised in 2001. Revisions in this treaty included the implementation of the Caribbean Court of Justice. There are a total of 15 member nations and dependencies.

Who are the four founding members of CARICOM?

There were four founding members of CARICOM. These countries include: In 1974, several additional countries joined CARICOM. These were: Other countries rounding out the 15 members include:

When did French and Dutch become official languages in CARICOM?

In July 2012, CARICOM announced that they were considering making French and Dutch official languages. In 2001, the heads of government signed a revised Treaty of Chaguaramas that cleared the way to transform the idea of a common market CARICOM into a Caribbean (CARICOM) Single Market and Economy.

Where is the headquarters of the CARICOM Secretariat?

The secretariat headquarters is in Georgetown, Guyana. CARICOM is an official United Nations Observer.