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Thread: OECS Integration: ANOTHER GIANT STEP

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    Registered User Dr Insane's Avatar Dr Insane is offline
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    OECS Integration: ANOTHER GIANT STEP

    OECS Integration:
    ANOTHER GIANT STEP
    M.G. George

    Member countries of the Organization of Eastern Caribbean States will on Friday sign a historic document which would bring into effect the economic unification of their island states.
    The signing of this treaty puts an end to much discussion across the sub-region about the difficulties associated with it and whether or not this could happen in the time speculated upon by the Authority Heads.
    Although previous approved dates for the signing of this new Treaty were never met, it is hoped that this treaty will transform the OECS common market into a single economic space by ensuring that all legal and administrative impediments to the most efficient allocation of factors of production (with the obvious exception of land) and the fruits of production within this economic space are removed.
    The signing of this new Treaty will be the hallmark of the 51st Meeting of the OECS Authority scheduled for tomorrow at the Sandals Grande in Saint Lucia.
    June 18, 2010 was the new date selected for the inauguration of the OECS Economic Union since this date marks the 30th anniversary of the signing of the Treaty of Basseterre which brought the regional organization into existence. The decision is one of the recommendations coming out of the 49th OECS Heads of Government meeting in the BVI, where leaders met last year to frame a united response to the recession facing the region as a result of the global financial crisis.
    At that meeting, it was agreed by leaders that the Union would be formed by November 2009, with Trinidad and Tobago joining in 2013. The move came after a call by Vincentian Prime Minister Dr. the Hon. Ralph Gonsalves to revisit the current timetable to formulate a more “realistic” schedule.
    The decision to establish an economic union was taken by OECS Heads of Government at the 34th meeting of the Authority held in Dominica in July 2001. At the 35th meeting of the Authority in Anguilla in January 2002, the main elements of an economic union implementation project were endorsed. The project was expected to be implemented over a two-year period with seven of the nine OECS member states (i.e. Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia and Saint Vincent and the Grenadines) participating in the economic union initiative. The remaining two member states, Anguilla and the British Virgin Islands, would not have participated immediately, but would have requested time to consider the issue further. In 2003, work had been initiated on the central issue of the creation of new Treaty arrangements to replace the Treaty of Basseterre which was established the OECS.




    Among the elements of the project was the creation of a technical committee for a draft OECS Economic Union Treaty. This technical committee was inaugurated on May 4, 2004 and began designing the draft Treaty.
    The new OECS Economic Union Treaty was finally presented at the 43rd OECS Meeting in St. Kitts on June 21, 2006. The current draft Treaty was commended at the meeting, but the Authority directed the formulation of some additional provisions to allow a role for national parliamentary representatives (both government and opposition) of the Member States in the form of a regional Assembly of Parliamentarians. This body, it was felt, was necessary to act as a legislative filter to the Authority in its law making capacity. The Heads further directed that the Treaty be reviewed by a meeting of members of the Task Force, Attorneys General, and the draftsperson for the Treaty and representatives of the OECS Secretariat. The presentation of the Treaty at the Meeting was followed by the signing of a Declaration of Intent to implement the Treaty by the Heads of Government or their representatives (except that of the British Virgin Islands). It was agreed in the Declaration, that implementation of the Treaty would occur only after a year of public consultation, through a mass national and regional education programme with strong political leadership and direction.
    According to the Declaration, the Treaty would be signed, and the Economic Union established by July 1, 2007. This never happened.
    The provisions of the Economic Union Treaty are expected to include: The free circulation of goods and trade in services within the OECS; free movement of labour; the free movement of capital (via support of the money and capital market programme of the Eastern Caribbean Central Bank); a regional Assembly of Parliamentarians and a common external tariff.
    Some of these provisions would already have been covered to some extent by the CSME, but some, such as the Assembly of Parliamentarians, would be unique to the OECS. Although some of the provisions would seem to duplicate efforts by the CSME, the Declaration of Intent and statements by some OECS leaders, [ acknowledge the CSME and give assurance that the OECS Economic Union would not run counter to CARICOM integration but that it would become seamlessly integrated into the CSME. To this end, the OECS Heads of Government agreed that steps should be taken to ensure that the OECS Economic Union Treaty would be recognized under the Revised Treaty of Chaguaramas, just as the original Treaty of Chaguaramas had recognized the Treaty of Basseterre.

    OECS Integration: ANOTHER GIANT STEP The Voice - The national newspaper of St. Lucia since 1885, St. Lucia Newspaper, The Voice St. lucia, Saint Lucia, News

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    Registered User direct_effect is offline
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    Yea, that's if they can get there 2 sign it. LIAT pilots r on strike and everybody traveling thru the region is in limbo.
    "Move bitc h, get out the way!!!"

    http://www.youtube.com/watch?v=tw429JGL5zo

    "Does Gyptian - hold yuh tune means anything to you ? Do you zoom in or hug the monitor ?"

    " Mr Jerktennisarmgalclownwirelesspusigettingnerd

    kilobytes couldn't breed ladyspranga and it won't be breeding any gal.."


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    Will work for Sushi Jinjer's Avatar Jinjer is offline
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    Quote Originally Posted by direct_effect View Post
    Yea, that's if they can get there 2 sign it. LIAT pilots r on strike and everybody traveling thru the region is in limbo.
    dem nuh fed up?

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    Registered User iswa's Avatar iswa is offline
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    good post

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    Producer JAM CREW's Avatar JAM CREW is offline
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    Quote Originally Posted by iswa View Post
    good post
    eh eh which part of de bush u come out of
    St.Kitts Jam Crew Productions

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