CARRINGTON
ST. GEORGE'S, Grenada (CMC):
THE CARIBBEAN Community (CARICOM) is seeking to establish service trading negotiations with the Dominican Republic, CARICOM Secretary General Edwin Carrington has said.
CARICOM officials concluded a three-day meeting here on Wednesday aimed at developing a trade plan which will be presented to the Dominican Republic in September.
Carrington said service trade would be the focus on this meeting as the region forges ahead with integration.
"There is no change in the regime for goods. A lot of mistaken ideas are being stretched out. The goods regime remain exactly what it was since 1973, namely free entry for goods generally produced in the member-states and a common external tariff."
"What has been changed is the free labour of skills, free movement of capital and the right to establish businesses anywhere in the Community by any national of a member-state and be treated as a national of the country in which it has been established," Carrington said.
The meeting comes in the midst of negotiations with the Dominican Republic for the removal of trade barriers.
