Regional integration

• What is Regional Integration?


  Regional interaction is the coming together of countries within a particular region to improve the social, political and economic conditions of the region.
• Multi-lateral agreement


  An agree among many countries or groups
• Bi-lateral agreement 


  An agreement between two countries or groups
• Multi-lateral agreements formed to achieve unity in the Caribbean

  1. CARICOM
  2. CARIFTA
  3. ACS
• Objective of the West Indies Federation

  • To strengthen the move for self government
  • To promote economic development
• The first attempt at Regional Integration was the West Indies Federation
• Objectives of CARIFTA 


  To foster economic and social development through the establishment of Free Trade among members
• Barriers Trade

  • Custom duties
  • Tariff
  • Licensing arrangements
  • Quota
• Custom duties 


  taxes and fee that are charged by customs for imported goods
• Tariff


  taxes charged by government on goods that are exported and imported
• Licensing arrangements


  permission granted to a person to trade goods
• Quota 


  Limited quantity of a particular product
• What is Free Trade?

  removing all the barriers to trade so that goods and services can move about more freely
• Objectives of CARICOM 


  1.To improve economic development of members through free trade

  2. To establish functional cooperation in areas such as health, education, and broadcasting among other areas