Abstract

In February 2006, The Revised Treaty of Chaguaramas Establishing the Caribbean Community Including the CARICOM Single Market and Economy (CSME) came to life with the formal launching of the Single Market. The Treaty is a framework agreement which lays down principles and rules for the operation of the CARICOM Single Market and Economy and will guide the activities of participating Member States in the areas covered by the Treaty. The CSME represents a development path of ever closer cooperation through the integration of the Member States’ markets and economies in social and economic matters. The aim of the Treaty is to create an enlarged internal market and economic space without barriers where the free movement of goods, labour, capital and services, and freedom of establishment will be ensured. Business enterprises and service providers, including those connected to fisheries, which are established in a Member State, will be free to establish themselves and conduct businesses in any part of the internal market without discrimination based on nationality. The CSME also includes the development of a number of common institutions such as the Caribbean Court of Justice, as well as a number of common policies, such as, trade policy, which will govern internal and external trade, including fish imports and exports. This paper explores the provisions of the Treaty relating to fisheries and discusses the implications for sustainable use and management of coastal and marine resources, including the development of a common fisheries policy

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