Montserrat Proceeds To Advance Towards CARICOM Single Market and Economy (CSME)

The British Overseas Territory’s premier, Donaldson Romeo, has assured that Montserrat is continuing to take steps towards the full implementation of the Revised Treaty of Chaguaramas that governs the CARICOM Single Market and Economy (CSME). He shared that the island is proceeding its engagements to ensure the timely completion of the processes to this end. The announcement by Romeo was made in Barbados during his first CARICOM Heads of Government conference which took place on the 2nd of July through to the 4th.

“Regarding the Revised Treaty of Chaguaramas, we continue our exchanges with Her Majesty’s Government, and are preparing the required legislation to submit to the Legislative Assembly of Montserrat. The CARICOM Authority has granted timelines for completion of the processes and for the full implementation of the Revised Treaty,” he said. “We are very clear that our accession to the Caribbean Development Fund, which will assist our efforts to integrate, and the original court of the Caribbean Court of Justice (CCJ), which safeguards the rules of trade, are necessary pillars that will move Montserrat forward.”
The courtesies and assistance demanded was also said would be granted as needed  “to help Montserrat advance as a founding member of CARICOM, with the current new and revised arrangements of our Regional integration movement” by the CARICOM Secretary-General, Ambassador Irwin LaRocque, who visited Montserrat in April this year.
Though Montserrat is a founding member of CARICOM, the opportunity for participation in the CSME and the CCJ has not yet been granted as it has not yet acceded to the Revised Treaty.
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