In 1989, when the Heads of Government made the decision to transform
the Common Market into a single market and economy in which factors
move freely as a basis for internationally competitive production of
and provision of services, it was also decided that for the transformation
to take place, the Treaty would have to be revised.
following the adoption of the report of the West Indian Commission,
an Inter-governmental Task Force was established, to work on the revision
of the Treaty.
Between 1993 and 2000, the Inter-Governmental Task Force (IGTF) which
was composed of representatives of all Member States, produced nine
Protocols, for the purpose of amending the Treaty. These nine Protocols
combined to create a new version of the Treaty, called formally, The
Revised Treaty of Chaguaramas Establishing the Caribbean Community,
including the CARICOM Single Market and Economy.
Allowances have been
made for the subsequent inclusion in the Revised
Treaty, by way of additional Protocols, new issues such as e-commerce,
government procurement, trade in goods from free zones, free circulation
of goods, and the rights contingent on the free movement of persons.