A Time For Action On The CSME?

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CARICOM leaders wrapped up their meeting in TrinidadSt Ann’s Declaration on the CARICOM Single Market and Economy.
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By David Jessop

News Americas, LONDON, England, Fri. Dec. 21, 2018: At the conclusion of the recent special summit in Trinidad, CARICOM Heads of Government issued the ‘St Ann’s Declaration’. It set out in the dusty language of officialese, the measures being taken to breathe life into the stalled Caribbean Single Market and Economy, (CSME).

However, far more interesting and accessible was a poorly reported but unusually detailed press conference held after the summit and available on YouTube. There, Barbados’ Prime Minister, Mia Mottley, Jamaica’s Prime Minister, Andrew Holness, Trinidad’s Prime Minister, Keith Rowley and CARICOM’s Secretary General, Irwin LaRocque spelt out just how Heads intend resuscitating the CSME, by when, and what could happen should they fail.

In his remarks, Trinidad’s Prime Minister made clear exactly what was at stake when he described the impact of the March 2017 CARICOM Review Commission report produced by Jamaica’s former Prime Minister, Bruce Golding.

It was the point at which, Dr Rowley said, Trinidad recognized that if the CSME could not be made to work, Jamaica would reconsider in five years its status in CARICOM, follow the Bahamian model and exit the CSME. Speaking about the importance of this in the context of the just ended summit, he said: “If we had not been able to establish a pathway and get the CSME operational, Jamaica’s exit in that way would have been disastrous for Trinidad and Tobago and the rest of the CARICOM region”.

He also indicated that at the meeting that CARICOM leaders, before reaching a final position, had considered the possibility that if some countries had not been prepared to move forwards to CSME integration – “to take the plunge” as he put it – they should be “allowed to go”. In the end, he said, we got past that and there was “a virtual consensus” on what was proposed.

The press conference also made clear quite how much energy and personal commitment Barbados’ Prime Minister is putting into the detail of resuscitating the CSME.

In a long statement she said that at the two-day meeting a three-year work plan had been agreed which she as the Prime Minister responsible for CSME matters would lead.  Work was underway to revise the Treaty of Chaguaramas to enable the private sector and labor representatives to sit at the table at CARICOM meetings as associate members. There were to be detailed discussions on key sectors requiring action so that by July 2019 when CARICOM Heads meet there will be an understanding of what needs to be done in relation to renewable energy, agriculture and food security, inter-regional marine and air transport, and the region’s ICT needs.

There would also be a review, she said, of how well CARICOM’s seventeen institutions were working. This would be an exercise that would “clean cupboards” so that “never again” would “lethargy and delay” be allowed to be the order of day. Heads would consider in twelve months’ time a report from CARICOM’s Secretary General on the action needed.

Ms. Mottley noted also that a review was underway on agricultural and phytosanitary measures with the objective of removing constraints on inter-regional trade. There was, she said, a report back date of February 2019.

She confirmed that work was proceeding on a CARICOM financial services agreement, an investment policy and investment code, and the steps necessary to create an integrated capital market and model securities legislation, with the intention that all such work be completed by July 2019.

The same date she said would apply for the mutual recognition of companies and the mutual recognition of CARICOM skills certificates, enabling both companies and individuals to trade or work freely across the CSME.  Model legislation for trademarks and the harmonization of business names would she hoped, also be brought forward by then.

Barbados Prime Minister went on to speak about other measures to be introduced to make the CSME a reality. These included: the introduction of a simple administrative process for the freedom of movement of goods by the end of 2019; the creation of a regional deposit insurance system and credit information sharing system; a single window for region-wide company registration by the end of 2019; the completion of  the review of CARICOM institutions in early 2020; the harmonization of companies law by the end of 2020; a single window for intellectual property registration, patents and trademarks by the end of 2021; and for those states that have the will, the total freedom of movement for all Caribbean people by the end of 2021.

Why CARICOM is not be doing more to ensure that all of this is more widely understood, is unclear.  This is particularly so at a time when convincing Caribbean people and the wider world that the region’s leaders are at last serious about taking the long overdue actions required.

In contrast to the dry and wordy declaration, the content of the little viewed press conference contains some frank statements and indicates why CARICOM needs a modern communications strategy providing the Caribbean people with access to such information in real time.

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Quite rightly the media continue to be cynical about politicians promises and to question CARICOM’s implementation deficit.

To obviate this, and to demonstrate seriousness of purpose about the CSME, all that is required is for Heads to agree to establish online and on social media without delay a listing by heading of all that Prime Minister Mottley said is being done, the target date for achieving each initiative, and thereafter a brief monthly update on the progress achieved in words and infographics.

In closing, Prime Minister Holness noted that the intention was to remove artificial barriers and the present unidimensional focus on goods and put in its place a multi-dimensional approach that involved goods, people, capital and information, built on a solid base of security. Ms Mottley said that she hoped that CARICOM heads had been able to give Caribbean citizens comfort that their leaders were taking the issue seriously.

What is apparent is that the three Prime Ministers genuinely believe that if action is not taken now and delivered within the agreed timetable, the CSME will break up and the region, and the woman and man in the street will be significantly poorer for it.

david-jessop

EDITOR’S NOTE: David Jessop is a consultant to the Caribbean Council and can be contacted at david.jessop@caribbean-council.org Previous columns can be found at www.caribbean-council.org

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