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Take advantage of CSME – CARICOM Secretariat Economic Adviser tells businesses


Posted in: Press Releases | 29 July 2016 | 1935

    Mr. Ramesh Dookhoo (right) at a Council fo Trade and Economic Development (COTED) Meeting which convened a special session with the Region’s private secto
    Mr. Ramesh Dookhoo (right) at a Council fo Trade and Economic Development (COTED) Meeting which convened a special session with the Region’s private secto

    Regional private sector organisations should take advantage of the free movement of factors of production that the CARICOM Single Market and Economy (CSME) allows in order to achieve production efficiency and competitiveness.

    This was the view of Adviser, Directorate for Trade and Economic Integration of the Caribbean Community (CARICOM) Secretariat, Ms. Desiree Field-Ridley.

    Ms. Desiree Field-Ridley, Adviser, Single Market and Sectoral Programmes, CARICOM Secretariat

    In an interview that focussed on maximising opportunities within the CSME, she pointed out that the CSME was intended to provide “access to total Region’s resources rather than just access to a country’s resource”.

    “The intention is that it would enable producers to be more competitive because you now have a larger market not only for skills, but also for sourcing inputs for raw materials and intermediate goods,” she added.

    Guyana, in particular, she noted, had the potential to be “a vital source of supply” in CARICOM, owing to its resource-rich characteristics. That potential is yet not fully tapped, she added.

    “Guyana has its own abundant resources; it is a regional position that it has been not fully exploited, not only for its own benefit, but for the benefit of the entire Region.

    “We just have to be able to exploit that potential. We know that there have been initiatives to attract the rest of the Region. Perhaps one needs now to look at what is needed to complement those offers and make them more attractive,” she reasoned.


    CSME stands for CARICOM Single MARKET & Economy.

    The CSME Unit of the CARICOM Secretariat is the implementation office which assists the Member States in fulfilling the requirements of the Revised Treaty of Chaguaramas.

    Learn more

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