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CSME Is Not A 'One Size Fits All Approach' Says Senior CARICOM Official

by Amanda Banks, Tax-News.com, London

14 April 2005

A senior CARICOM official has rejected the notion that the Caribbean Single Market economy is a rigid and inflexible agreement which fails to appreciate the significant differences in the region's disparate economies.

Ivor Carryl, Programme Manager with the CSME Unit, has dismissed the view that the CSME is a "one size fits all" initiative which can be likened to "a pair of shoes into which all sizes must fit," it was reported by Caribbean Net News.

“We have made provision in the treaty for disadvantaged countries, regions and sectors,” he observed.

"And there are a number of instances in the treaty where it is very clear that we were very sensitive to the need to be flexible in this design even though our objective is to create an overall regime within which common understanding of what we are supposed to do, and common actions, are going to be required and central to the process of regional integration,” he remarked.

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