- Feb 28, 2009
- 19,373
- 5,583
Caricom Day commemorates the treaty establishing CARICOM (the Caribbean Community and Common Market) and is observed annually by all CARICOM countries, though not necessarily on the same date of the year. The Treaty of Chaguaramas was signed on July 4, 1973 at Chaguaramas in Trinidad. Guyana and Antigua and Barbuda are among the CARICOM countries that observe the day on the first Monday in July every year. St Vincent and the Grenadines celebrate Caricom Day on the second Monday in July, Jamaica on July 4, and Barbados in August.
http://www.caricom.org/jsp/community/original_treaty.jsp?menu=community
THE ORIGINAL TREATY
The Treaty of Chaguaramas which established the Caribbean Community including the Caribbean Common Market was signed by Barbados, Guyana, Jamaica and Trinidad and Tobago on 4th July, 1973, in Chaguaramas, Trinidad and Tobago. It came into effect on 1 August 1973.
The Caribbean Community and the Caribbean Common Market replaced the Caribbean Free Trade Association which ceased to exist on 1st May 1974.
The Treaty of Chaguaramas was [a] juridical hybrid consisting of the Caribbean Community as a separate legal entity from the Common Market which had its own discrete legal personality.
Indeed, the legal separation of these two institutions was emphasised by the elaboration of two discrete legal instruments: the Treaty establishing the Caribbean Community and the Agreement establishing the Common Market (which was later annexed to the Treaty and designated the Common Market Annex). This institutional arrangement facilitated States joining the Community without being parties to the Common Market regime.
In addition to economic issues, the Community instrument addressed issues of foreign policy coordination and functional cooperation. Issues of economic integration, particularly those related to trade arrangements, were addressed in the Common Market Annex.
Because of this juridically separate identity of the regional common market, it was possible for the Bahamas to become a member of the Community in 1983 without joining the Common Market.