Treaty of Chaguaramas
| Signed | July 4, 1973 |
|---|---|
| Location | Chaguaramas, Trinidad and Tobago |
The Treaty of Chaguaramas established the Caribbean Community and Common Market, later known as CARICOM. It was signed on July 4, 1973 in Chaguaramas, Trinidad and Tobago. It was signed by Barbados, Guyana, Jamaica and Trinidad and Tobago on 4 July 1973, in Chaguaramas, Trinidad and Tobago. It came into effect on 1 August 1973. The treaty also established the Caribbean Community including the Caribbean Single Market and Economy, replacing the Caribbean Free Trade Association which ceased to exist on 1 May 1974.
In addition to economic issues, the Community instrument addressed issues of foreign policy coordination and functional cooperation. Issues of economic integration, particularly those related to trade arrangements, were addressed in the CSME Annex.
A revised Treaty of Chaguaramas establishing the Caribbean Community including the CARICOM Single Market and Economy (CSME) was signed in 2001.
The countries of the region that signed the Treaty of Chaguaramas made an oath to:
CARICOM Day is observed on the first Monday in July in Guyana to commemorate the signing of this treaty. In Cuba, the CARICOM-Cuba Day is observed on December 8 to celebrate diplomatic ties between the Caribbean Community (CARICOM) and Cuba.
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