Secretary-General, Ambassador Irwin LaRoque, signed a Memorandum of Understanding (MOU) on behalf of the CARICOM Secretariat with the International Labour Organisation (ILO) in June. The MOU allows CARICOM Member States to utilise ‘.Stat’, a software tool, for the facilitation of labour market analysis and other related functions. The MOU was signed at the CARICOM Secretariat’s headquarters in Georgetown, Guyana.
‘.Stat’ was developed by a community of experts under the leadership of the Organisation for Economic Co-operation and Development (OECD). The ILO, which is a member of the .Stat community, presented the software at a regional consultation hosted by the CARICOM Secretariat in October 2015. This was attended by representatives of Ministries of Labour, Statistics departments and Social Security agencies from the Member States. Coming out of subsequent meetings with Member States, it was agreed that this software tool was appropriate to facilitate the setting up of a CARICOM Labour Market Information System (LMIS). Apart from facilitating labour market analysis,
the software tool allows for the monitoring and reporting on policies as well as information sharing and coordination.
Full Press Release here: CARICOM and ILO Sign Significant MOU
One of the major aims of the CARICOM Single Market and Economy (CSME) is to stimulate economic growth and competitiveness by facilitating intra-regional commercial activity. An important project being executed by the CSME Unit of the CARICOM Secretariat will make this increasingly possible. On Monday, the Secretariat hosts a 2-day regional consultation in Trinidad and Tobago on the development of a framework policy on establishing a single jurisdiction within the CSME. Having a single jurisdiction means that once a company is registered in one Member State, it is deemed to be registered in all participating Member States in the CSME. This would save the company time and financial costs associated with the registration process.
Full Press Release here: CARICOM Making Cross-Border Business Easier
Chairman of the CARICOM Commission on the Economy, Barbados Senator Darcy Boyce says it does CARICOM Member States no good when concessionary funds are allowed to go to waste. Mr. Boyce who is a Minister in the Prime Minister’s Office was delivering the feature address on Friday at a CARICOM Regional Technical Meeting on the Implementation of the 10th European Development Fund (EDF) CSME and Economic Integration Programme. Senator Boyce said that CARICOM economies have struggled over the last ten years and there is a tremendous amount of work to be done to overcome such hurdles.
Head of the Delegation of the European Union (EU) to the Eastern Caribbean Countries, OECS and CARICOM/CARIFORUM, Ambassador Mikael Barfod said Friday was a difficult day to work out what the British exit from the European Union means and what effect it will have on the well-being of all the citizens of the European Union. He also stated that there could be some consequences for the Caribbean too, such as renegotiations of trade deals with the United Kingdom (UK). Ambassador Barfod noted that the UK is a major trading partner for many CARICOM Member States.
Full Press Release here: PR892016 - Cooperation and Integration still important – European Union Ambassador
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) Caribbean Community (CARICOM) Deputy Secretary General Dr. Manorma Soeknandan is reminding CARICOM Member States of their responsibility for the 10th European Development Fund (EDF) CARICOM Single Market and Economy (CSME) Economic Integration Programme (EIP). This is a financing agreement signed with the European Union for over 28 million Euros of which approximately 19 million Euros is for implementing the CSME.
Dr. Soeknandan was speaking at the opening ceremony for the Regional Technical Meeting on the implementation of the Agreement. As of June this year, there was an implementation of 53% of the resources and the meeting was called to seek ways of increasing delivery.
Full Press Release: PR862016 - Increase Implementation of Financing Agreement
The CARICOM Deputy Secretary General says that if “CARICOM has challenges, hurdles…together putting our shoulders under those will only make us stronger…losing one is not the answer” She hopes that CARICOM will never have to deal with what the European Union is now undergoing. She opined that is another reason for the regional technical meeting to solve certain issues.
Full Press Release: PR8725016 - CARICOM should have ALL Members on board