The CARICOM Single Market (CSM) is a grouping of sovereign states that provides freedom for companies to establish businesses throughout the Community. However, as in any free trade area, there are some rules of procedure.
Aside from not levying import duties on goods originating from Member States and removing all tariffs and further restrictions from CARICOM goods, business in the single market should also conform to regional standards of production.
So far, 50 standards have been set for products by the CARICOM established Caribbean Regional Organisation for Standards and Quality (CROSQ), Private Sector Consultant at the regional CARICOM Single Market and Economy (CSME) unit of the CARICOM Secretariat, Leela Narinesingh has pointed out.
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