What are the objectives of CARICOM?


Quick Answer

CARICOM, the newly established core structure of Ministerial Councils and advisory bodies for the Caribbean community, has various objectives, including improving the standards for living and work, achieving full employment rates for labor and other means of production as well as facilitating coordinated and sustained economic development and convergence in the region. There are other objectives of CARICOM as well, like expanding trade and economic relations, increasing the international competitiveness of the region and organizing for the purpose of improving productivity and output.

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What are the objectives of CARICOM?
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Full Answer

CARICOM, which is the Revised Treaty Chaguaramas Establishing the Caribbean Community, also has the objective of increasing coordination and cooperation between the Member States. This enhancement of functional cooperation is meant to serve the betterment of the region and its people by providing more efficient operation of common services, making advances in social, cultural and technological developments as well as improving and intensifying activities in the areas of health, education, transportation and telecommunications.

To achieve these various objectives, CARICOM created two principal organizations, including the Conference of Heads of Government and the Community Council of Ministers. The Conference of Heads of Government is the supreme ruling organization, determining the various policies and how they will be carried out, while the Community Council of Ministers handles CARICOM affairs, facilitating strategic planning and coordination. There are also subsidiary organizations, such as the the Council for Finance and Planning, the Council for Trade and Economic Development, the Council for Foreign and Community Relations, the Council for Human and Social Development and the Council for National Security and Law Enforcement.

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