WORLD TRADE
ORGANIZATIONWT/REG92/R/B/1
G/L/359
12 April 2000
(00-1467)
Original:  English
CARIBBEAN COMMUNITY AND COMMON MARKET
Biennial Report on the Operation of the Agreement
Communication from the Parties
The report below, dated 21 May 1999, presents the information received from the Permanent
Mission of Jamaica, also on behalf of the other parties to the Caribbean Community and Common
Market (CARICOM) who are Members of the WT O (Antigua and Barbuda, Barbados, Belize,
Dominica, Grenada, Guyana, Haiti, St Lucia, St Kitts and Nevis, St Vincent and the Grenadines,
Suriname and Trinidad and Tobago) and is organized in accordance to the Standard Formats forInformation on Regional Trade Agreements and on Economic Integration Agreements on Services
(WT/REG/W/6 and WT/REG/W/14, respectively).
__________
Overview
In keeping with the relevant provisions of Article XXIV of the General Agreement on Tariff
and Trade (GATT), the report on the developments in the Caribbean Common Market is prepared for
the consideration of the WTO Council for Trade in Goods and the Committee on Regional Trade
Agreements.
The CARICOM Agreement was notified under GATT Article XXIV as an interim agreement
for the formation of a Customs Union.1  The Agreement was examined by a GATT Working Party
and it was generally agreed that "the Caribbean Common Market constituted an Interim Agreement
leading to the establishment of a Customs Union and as such was consistent with the Provisions of
Article XXIV of the General Agreement".2
Since the submission of the last report to the GATT,3 there have been several major
developments in the CARICOM, towards the objective of deeper regional economic integration and
adherence to the disciplines of the multilateral trading system.  CARICOM Member States have been
promoting economic development and the expansion and diversification of trade in the region through
closer integration and an extension of the scope of  liberalization among each other.  Closer internal
integration and liberalization have been paralleled by a reduction in barriers to trade with third
countries, an increase in economic and trade cooperation with neighbouring countries and an
expansion of trade with other countries.  Agreement has been reached on proposals to deepen the
integration arrangement, strengthen economic relations with third countries, and participate in the
process of liberalization which is rapidly advancing in the global economy.  To this end, a number oftrade liberalization measures such as lowering tariffs, elimination of quantitative restrictions (QRs)
                                                     
1 L/4083 of 14 October 1974.
2 Paragraph 13 of the Report, adopted on 2 March 1977 (24S/68).
3 L/5671, of 4 September 1984.WT/REG92/R/B/1
G/L/359
Page 2
and reduction in the scope of licensing arrangements have been adopted by the grouping and by
individual CARICOM Member States.
Since the establishment of the Caribbean Free Trade Association (CARIFTA) in 1968, and
the Caribbean Community and Common Market in 1973, the Member States of the CARICOM have
made significant strides in consolidating the regional integration movement by strengthening and
deepening the Customs Union arrangements.  Much emphasis has been on the further harmonization
of customs tariffs, the development of the common market origin rules and the improvement of the
scheme for the harmonization of fiscal incentives.
In 1989, five years prior to the establishment of the WTO, CARICOM Member States agreed
to advance beyond the Common Market towards more comprehensive economic integration,recognizing that while it had achieved significant liberalization of the market for goods, the further
development of the regional economy required measur es to encourage the movement of, and access
to, the factors of production, the delivery of services and the establishment of business.  In 1991, the
main areas of emphasis in the creation of the Single Market and Economy were agreed.  These
included the completion of the arrangements of the free internal movement of goods of area origin;mechanisms for the free movement of services, capital and labour;  and the greater harmonization of
laws and regulations affecting commerce, including customs laws and procedures, intellectual
property, competition policy, corporate taxation, dumping and subsidization.
Specifically, the policy to create the Single Market and Economy advocates:
(a) The free movement of goods, services and factor of production, namely:
(i) free movement of goods and services;
(ii) free movement of capital;
(iii) free movement of labour; and
(iv) the freedom of CARICOM nationals to establish enterprises anywhere in the
Community.
(b) More comprehensive harmonization of laws affecting commerce and regulation of
economic activities within the market area, including customs laws, intellectual
property, competition, corporate taxation and commercial legislation in such areas as
dumping and subsidization.
(c) The reform of the institutions of the Co mmunity, including the administrative system
and procedures, and the establishment and joint management of common services
with particular reference to customs services and data and information services.
(d) More intensive coordination of macro-economic policy and planning, external trade
and economic relations.
(e) Completion of the application of the Common External Tariff (CET).  This was
accompanied by a decision to simplify the structure and systematically reduce the
level of the CET on a programmed basis to a maximum of 20 per cent onnon-agricultural goods and 40 per cent on agricultural goods.
In order to effectively implement the Single Market and Economy, new arrangements have
been put in place, new institutions have been created and new rules established for internal
consultation, coordination and cooperation in m acro-economic policy and planning, monitoring of
economic policy convergence, development of a common currency, harmonization of fiscal and otherincentives, double taxation, capital market integration and legislative and administrative practices.WT/REG92/R/B/1
G/L/359
Page 3
In keeping with the process of global liberalization, the Community decided to reduce the
level of the CET in a harmonized manner by adopting a strategy of scheduled cuts in four phases.
All of the independent countries of CARICOM, except The Bahamas, are Members of the
WTO.  Nine CARICOM Member States, as contracting parties to the GATT 1947, participated in theUruguay Round of Multilateral Trade Negotiations.  All made binding offers in goods and services
and signed the Marrakesh Agreement in 1994, which became effective with the establishment of the
WTO on 1 January 1995.
I. BACKGROUND INFORMATION ON THE AGREEMENT
The 1973 Treaty Establishing the Caribbean Community was intended primarily to achieve
three broad objectives, namely:
(a) The economic integration of the Member States by the establishment of a Common
Market Regime;
(b) the coordination of the foreign policies of Member States; and
(c) functional cooperation.The Annex to the Treaty Establishing the Caribbean Community contains instruments for the
establishment and operation jointly by the Contracting Parties of a Caribbean Common Market, which
was established with its own international juridical personality.  The Common  Market  has threeobjectives, namely:
(a) To strengthen coordination and regulation of the economic and trade relations among
members;
(b) sustained expansion and continuing integration of the economies of members; and(c) achievement of a greater measure of independence and effectiveness in dealing with
states, groups of states and entities of whatever description.
1. Membership and Dates of Signature, Ratification and Entry into Force
The membership of the Caribbean Community now stands at 14 States and Territories, 13 of
which are independent and one, Montserrat, is an Overseas Territory of the United Kingdom.
Thirteen are full members of the Common Market.2  In January 1996, Suriname became the
fourteenth Member State when that State acceded to the Treaty.  Haiti will be the fifteenth State, since
its application for full membership has been accepte d by the Conference of Heads of Government of
the Caribbean Community (the Conference), and the Terms and Conditions of Accession are currently
under negotiation.  Two territories, the British Virgin Islands and the Turks and Caicos Islands, are
associate Members of the Caribbean Community, which is in the process of negotiating similarmembership with Anguilla.
                                                     
2 The Bahamas is an associate but not a full member of the Common Market.WT/REG92/R/B/1
G/L/359
Page 4
Article 24 of the Treaty provided that the Agr eement enter into force on 1 August 1973 if the
instruments of ratification were deposited in accordance with Article 23 by Barbados, Guyana,
Jamaica and Trinidad and Tobago; if not, then entry into force would occur on such later date on
which the fourth such instrument had been deposited.  The condition was met and the Treaty thusentered into force on 1 August 1973.
Table 1 - Dates of Entry into Force of the Treaty
State Date Signed Ratification
DepositedEffective Date
Antigua and Barbuda 4.7.74 4.7.74 4.7.74
The Bahamas 4.7.83 4.7.83 4.7.83
Barbados 4.7.73 30.7.73 1.8.73
Belize 17.4.74 17.4.74 1.5.74
Dominica 17.4.74 17.4.74 1.5.74
Grenada 17.4.74 17.4.74 1.5.74
Guyana 4.7.73 28.7.73 1.8.73
Jamaica 17.4.73 31.7.73 1.8.73
Montserrat 17.4.74 17.4.74 1.5.74
St. Kitts-Nevis-Anguilla 26.7.74 26.7.74 26.7.74
St. Lucia 17.4.74 29.4.74 1.5.74
St. Vincent & the Grenadines 17.4.74 23.4.74 1.5.74
Suriname did not sign 4.7.95 4.7.95
Trinidad & Tobago 4.7.73 30.7.73 1.8.73
The membership of the CARICOM Common Market is comprised of the States and
Territories which make up the Caribbean Community.  Only one country, The Bahamas, which is a
member of the Caribbean Community, is not a member of the Common Market.
4. Trade Data
Trade in goods
CARICOM's total imports increased in nom inal terms from US$5.257 billion in 1990 to
US$9.036 billion in 1997, or 72 per cent.  This represented an annual growth of 8 per cent.
Intra-CARICOM imports, which varied between 8.4 and 10.5 per cent of total imports over the
1990-7 period, grew from US$0.5 billion to US$0.853 b illion.  This represented a period growth of
71 per cent and of 7.9 per cent per annum.  Total imports thus grew marginally faster than
intra-regional imports over the period.  Given the relative magnitude of total and intra-regional
imports and the relative growth rates, it is clear that the CARICOM trade arrangements have not
diverted import trade (see Table 2).
Viewed from the perspective of exports, CARICOM's total domestic exports increased in
nominal terms from US$3.871 billion in 1990 to US$5.0396 billion in 1997 or by 30 per cent.  This
represented an annual growth of 3.8 per cent ov er the period.  Intra-CARICOM domestic exports
varied between 11.9 and 17.1 per cent of total domestic exports in the 1990-97 period.  In normal
terms, intra-regional domestic exports increased from US$0.475 billion in 1990 to US$0.857 billion
in 1997 or by 80 per cent.  This represented an annual rate of increase of 8.8 per cent over the period.Domestic exports to extra-CARICOM destinations increased from US$3.396 billion in 1990 to
US$4.182 billion in 1997 or by 3 per cent.  The annual growth was 23 per cent (see Table 3).WT/REG92/R/B/1
G/L/359
Page 5
The rate of growth of domestic exports to ex tra-CARICOM destinations was markedly lower
than intra-CARICOM domestic exports.  The commodity composition of intra-CARICOM exports
and exports to extra-regional destination is significantly concentrated.  Intra-CARICOM exports are
dominated by petroleum and petroleum products and non-traditional manufactures, whileextra-regional domestic exports are dominated by petroleum and petroleum products, traditional
agricultural commodities (sugar, bananas and rice), minerals (bauxite and alumina, and gold).  The
change in trade performance is therefore not a result of the diversion of export products to the regional
market, but of a tightening of external markets.
Detailed trade statistics can be found in the Annex.
Table 2 – Total and Intra-CARICOM Imports, 1990-1997
(US$ 000)
1990 1991 1992 1993 1994 1995 1996 1997%
Average
growth4
(90-97)
Total imports 5,257,358 5,747,783 5,347,559 5,922,426 5,961,279 7,249,6556 7,496,556 9,035,966 8.0
Intra-regional
imports 500,111 483,663 504,846 555,479 626,060 708,317 761,726 853,309 7.9
Extra-reg.
imports 4,757,247 5,264,120 4,842,713 5,366,947 5,335,219 6,541,309 6,734,830 8,182,657 8.1
Percentage shares
Intra-reg./Total imports 9.5 8.4 9.4 9.4 10.5 9.8 10.2 9.4
Extra-reg./Total imports 90.5 91.6 90.6 90.6 89.5 90.2 89.8 90.6
Note: 1995-97 excludes data for Antigua and Barbuda, Guyana and Montserrat.  Suriname became a Member of the
Caribbean Community and Common Market in July 1995.
Source: Based on data from the trade database in the CARICOM Secretariat's Statistics Section.
                                                     
4 Average growth was calculated using the formula @RATE {future value; present value; term} where
future value is value for 1997, present value is value for 1990 and term is the number of years, 7.WT/REG92/R/B/1
G/L/359
Page 6
Table 3 – Total and Intra-CARICOM Domestic Exports, 1990-1997
(US$ 000)
1990 1991 1992 1993 1994 1995 1996 1997%
Average
growth4
(90-97)
Total exports 3,871,112 3,499,324 3,375,867 3,111,191 3,832,313 4,849,652 4,832,339 5,039,402 3.8
Intra-regional
exports 475,391 417,298 416,723 495,291 603,750 795,331 826,166 857,261 8.8
Extra-reg.
exports 3,395,721 3,082,026 2,959,144 2,615,900 3,228,563 4,054,321 4,006,173 4,182,141 3.0
Percentage shares
Intra-reg./
Total exports 12.3 11.9 12.3 15.9 15.8 16.4 17.1 17.0
Extra-reg./
Total exports 87.7 88.1 87.7 84.1 84.2 83.6 82.9 83.0
Notes: 1991 excludes data from Guyana; 1992 excludes data for Antigua and Barbuda, Grenada and Guyana; 1993-1996
excludes data for Antigua and Barbuda, Grenada and Guyana; 1997 excludes data for Antigua and Barbuda,
Grenada and Guyana.  Suriname became a Member of the Caribbean Community and Common Market in July
1995.
Source: Based on data from the trade database in the CARICOM Secretariat's Statistics Section.
Trade in services
The services sector share of Gross Dome stic Product (GDP) for CARICOM countries in
1996-1997 averaged 73 per cent, ranging from Antigua and Barbuda with 88 per cent to Guyana at
28 per cent.
Table 4 - Services Sector Share of GDP for CARICOM Countries
at Current Market Prices, 1996-1997
Share % CARICOM Countries
1996 1997
Antigua and Barbuda 88.2 87.9
The Bahamas n.a. n.a.
Barbados 82.6 83.1
Belize 62.8 64.4
Dominica 70.6 71.2
Grenada 81.7 82.5
Guyana 27.3 30.2
Jamaica 77.1 77.3
Montserrat 86.2 84.0
St. Kitts and Nevis 79.8 80.1
St. Lucia 85.3 87.2
St. Vincent and the Grenadines 74.7 75.9
Suriname n.a. n.a.
Trinidad & Tobago 56.4 55.8
Average for 12 CARICOM Countries 72.7 73.3
Source: Statistics section, CARICOM S ecretariat, National Accounts DatabaseWT/REG92/R/B/1
G/L/359
Page 7
Statistics on the regional cross border trade in services, as measured by the
balance-of-payments data, are highly aggregated.  It is difficult at this time to differentiate and
compare Member States' trade with the rest of the world and trade with other CARICOM countries.
Data from 1986 to 1995 suggest that the region had a positive net services balance averagingUS$59.6 million.  This ranged from US$10.9 million in 1986 to US$102.5 million in 1995.  Guyana
recorded a persistent negative net service balance which averaged US$111.8 million per year.
Trinidad and Tobago and Dominica recorded negative services balances during the late 1980's but
these changed to positive balances during 1990-1995.
5
II. TRADE PROVISIONS6
Provisions Affecting Trade in Goods
The vigorous effort at implementing the trade provision and policies of the Common Market
Annex, particularly in the period since the 1989, and the 1991 decisions towards the Single Marketand Economy have in effect completed the creation of a free-trade area of goods of common market
origin.  The regime provides for all goods of common market origin, except in a limited number of
clearly identified circumstances, to be free of customs duties, tariff quotas and charges having
equivalent effect to customs and fiscal duties, a nd of any QRs and measures having equivalent effect
to QRs, except where domestic production is similarly treated.  Member States are committed tomaintaining liberalized trade in goods among the participating States.  Compliance is monitored by
the Council for Trade and Economic Development (COTED), which report s to the Conference on
cases of persistent violation.
The Conference, at its Seventeenth Meeting in July 1996, instructed that all residual tariff or
non-tariff barriers to intra-regional trade on goods which were not in accordance with the Treaty beeliminated by 31 December 1996.  A review in January 1999 revealed that there were only three
Member States which had unauthorized non-tariff barriers, that is, licensing requirements on four
Common Market products (namely, aerated beverages, fresh milk, malt stout and toilet paper).  The
COTED is monitoring the removal of these licenses.
1. Import Restrictions
1.1 Duties and charges &
1.2 Quantitative restrictions
Article 15 of the Common Market Annex prohibits the application by a Member State of
import duties, or any charges having an effect equivalent to an import duty, on goods which are of
Common Market origin.  Article 21 on Quantitative Import Restrictions prohibits the application ofQRs by a Member State on goods of Common Market origin.
There are some exceptions for special circumstances, mainly relating to health and security,
safeguard, revenue and the facilitation of development in the less-developed countries (LDCs).  These
special circumstances are embodied in different Articles, namely Article 13 (Exclusion from thisAnnex) and Schedule I (Products excluded from the Annex to the Treaty in pursuance of contractual
obligations of Member States); paragraph 5 of Schedule III (Reserve list applying to the less
developed countries); Article 19 (Dumped and Subsidized Imports); Article 23 (General Exceptions);
Article 24 (Security Exceptions); Article 28 (Import Restrictions arising from Balance-of-Payment
                                                     
5 Regional Services Sector Development Programme – CARICOM Secretariat, 1998.
6 Trade provisions are those of the CARICOM Agreement.WT/REG92/R/B/1
G/L/359
Page 8
Difficulties); Article 29 (Difficulties in Particular Industries); Article 56 (Promotion of Industrial
Development in the Less Developed Countries);7 and Schedule IX (Marketing of oils and fats
products). 8
Since the conclusion of the Treaty, there have been significant efforts to eliminate, wherever
possible, the exceptions:
(a) The items under Schedule I have been greatly reduced.  This Schedule now contains
only 9 products.
(b) The list of products under paragraph 5 of  Schedule III has also been reduced.  The
remaining facility relates to the suspension of Common Market tariff treatment by
some of the LDCs on rum, cigarettes and motor vehicles for a period of three years
from 1998.  Three LDCs (Belize, Dominica and Grenada) continue to apply import
duty on these items when imported from the more developed countries (MDCs) of the
Common Market.
(c) The operation of the Protocol contained in Schedule IX has been simplified and the
private sector integrally involved to ensure that the element of protection is only to
ensure the objective of facilitating the trade from the LDCs.
(d) Nine product groups currently benefit from Article 56 treatment: curry powder, pasta
products, candles, industrial gases, wheat flour, aerated beverages, beer, solar water
heaters, and furniture of wood and upholstered fabric.  The agreement is for the
application of Article 56 treatment on these products to the year 2004.
1.3 Common External Tariff
The 1973 Treaty (Articles 31 and 32 of the Annex) provided for a Common Protective Policy
which would incorporate the establishment and operation of a CET, the progressive elimination of
national QRs on goods from third countries and their replacement by regional QRs, where
appropriate.  Under the plan and schedule, the CET was to be achieved in 1983.  Economic
difficulties emanating from the oil crises and the resultant international economic recessions of
1973/74 and 1979/80 made the achievement of this target impossible.  Further, the Conference
decided in the Nassau Declaration of 1984 to jettison the use of regional QRs for affording protection
against third-country goods and to encourage Member States to phase out the use of national QRs.
The CET has thus become the regional instrument affecting the importation of goods from third
countries.
The objective of an agreed common structure and level for the CET was achieved in 1991.
There was a simultaneous decision, however, to gradually reduce its level thereby reducing its
protective content.  A schedule for the phased reduction of the CET was established in 1992;  it
provided for the reduction of the rates over a period of five years, with effect from January 1993 and
to be completed by 30 June 1998.  The maximum applied rates of tariff would be 40 per cent for
                                                     
7 Article 56 provides for the promotion of industrial development in the LDCs of the Common Market
through the application of licensing or import duty on imports of specified products from the more developedcountries.
8  Schedule IX permits the application of import licences on oils and fats products, including soaps, to
ensure a market for those products from the LDCs.WT/REG92/R/B/1
G/L/359
Page 9
primary agricultural products and 20 per cent for all other products.9  All CARICOM Member States
have committed to and are required to apply both the structure and the agreed rates of the CET.
A rate structure of 0, 5, 10, 15 and 20 per cent was to be achieved at the end of the period
1.1.93 to 1.1.98, by the way of a phased reduction of the rate of the CET.  One Member State (Belize)
was granted a derogation to implement the rate structure two years after the commencement of each
implementation period.  The CET rate structure is phased in as follows:
Phase Period of application Implementation period Rate structure
Phase I 1.1.93 to 31.12.94 1.1.93 to 30.6.93 0-5% to 30/30%
Phase II 1.1.95 to 31.12.96 1.1.95 to 30.6.95 0-5% to 25/30%
Phase III 1.1.97 to 31.12.97 1.1.97 to 30.6.97 0-5% to 20/25%
Phase IV 1.1.98 onwards 1.1.98 to 30.6.98 0-5% to 20%
There has been some slippage in the reduction timetable.  1999 remains the target year with
the current status of implementation by Member States as follows:
Phase Implementation by Percentage of extra-regional
import trade10
Phase IV Barbados, Jamaica, St. Vincent and the Grenadines,
Trinidad & Tobago 83.0
Phase III Belize, Dominica, Grenada, Guyana, Suriname 12.4
Phase II St. Kitts and Nevis, St Lucia 4.6
Phase I Antigua and Barbuda n.a.
2. Export Restrictions
Article 22 of the Annex to the CARICOM Treaty prohibits the application of QRs on exports
by Member States to any other Member State of the Common Market, except where otherwise
provided in the Annex.  Articles 23 and 24 provide the possibility of quantitative export restrictions
being applied under special circumstances.  Neither of these provisions has ever been invoked.
3. Rules of Origin
Specific rules of origin are maintained to distinguish between goods which qualify for
preferential treatment in the Common Market a nd goods produced or imported from non-CARICOM
countries, which do not quality for such treatment.
The CARICOM Rules of Origin, based on the Harmonized Commodity Description and
Coding System 1996, are detailed in Article 14 of th e Annex to the 1973 Treaty.  Goods are treated as
being of Common Market origin if they have been  wholly produced within the Common Market, or if
they have been produced within the Common Market wholly or partly from materials imported fromthird countries, provided substantial transformation has taken place within the Common Market.
Substantial transformation may be achieved by the goods being classified under a different
tariff heading from the materials utilized, or by the achievement of a prescribed level of local or
regional value added.  Goods may be treated as being of Common Market origin in accordance withthe specific criteria defined specifically for each tariff heading in Part A of the List in Schedule II of
                                                     
9 This was a unilateral decision taken by the Community and not compensated in the Uruguay Round.
10 Computation based on 1997 data, excluding Antigua and Barbuda and Guyana.WT/REG92/R/B/1
G/L/359
Page 10
Article 14 of the CARICOM Treaty.  For Common Market origin treatment based on value-added, a
good should have at least 65 per cent local or regional value added;  i.e. incorporated inputs from third
countries should not exceed 35 per cent.
4. Standards
The issue of standardization is dealt with  in Article 42 of the Annex to the Treaty
(Harmonization of Laws) in respect to industrial standards and sanitary and phytosanitary (SPS)
arrangements pertaining to agricultural products.  There have been efforts to harmonize standards
across Member States.
The Caribbean Common Market Standards Council (CCMSC) was created as a specific
institution charged with responsibility for advising the COTED on standards matters.  The CCMSC
was established in 1976 with the objective of promoting the progressive development and
harmonization of standards, as well as of standards institutions throughout the region.
The development of harmonized regional standards is based on the importance of the issue of
intra-regional trade, consumer health and safety , and environment protection.  CARICOM standards
are usually adopted or adapted from international standards such as ISO, IEC, Codex and those of the
region's major trading partners.  Since 1976, over 100 standards have been drafted under the auspices
of the CCMSC and circulated to Member States for comment.  To date, 44 standards have beendeclared as CARICOM standards.
SPS measures are provided for under Articles 21 and 22 of the Annex to the Treaty
(Quantitative Import Restrictions and Quantitative Export Restrictions, respectively), and are applied
to protect animal or plant life or health, as well as with respect to food safety.
5. Safeguards
There are provisions for Member States to seek relief from obligations where difficulties arise
in respect of particular industries, including agriculture, or to secure the stability of the balance-of-
payments (BOP).
Balance-of-payments
Article 28 provides for the temporary imposition by a Member State of restrictions on
Common Market origin imports for the purpose of sa feguarding its BOP.  The restrictions may not be
imposed for longer than eighteen months without the review and approval of the COTED.  NoMember State has resorted to the provision in this Article since 1980.
Special industry
Article 29 allows a Member State, in the event of serious threat to an industry or particular
sector of an industry, due to a substantial decrease in internal demand for a domestic product as a
result of an increase in imports consigned from other Member States, to take action to limit such
inflows.
Article 29A is a parallel provision to Article 29 in respect of Primary Agricultural Products.
This Article was not in the original Treaty, which was amended in 1995 to make it clear that the
provisions of Article 29 apply mutatis mutandis  to primary agricultural products as they apply to an
industry or a particular sector or an industry.WT/REG92/R/B/1
G/L/359
Page 11
Revenue
Paragraph 5 of Schedule III provides the possibility of safeguards measures where a less
developed country has suffered, or is likely to suffer, loss of revenue as a result of the conditionsregarding eligibility of goods for Common Market tariff treatment under Article 14 of the Annex to
the Treaty.
6. Anti-dumping and Countervailing Measures &
7. Subsidies and State-aid
The internal regime prohibits dumping and subsidization and restrictive business practices.
Provisions Affecting Trade in Services
The CARICOM Treaty did not contain significant cooperative policies or mechanisms to give
CARICOM services providers any preferred market access or even national treatment when they cross
national borders.  There have been cross national border activities, but these were not specifically
provided for in the Treaty.
7
The decision to create a Single Market and Economy is leading to developments which will
significantly impact on services sector development and cooperation.  These include:
(a) The 1993 arrangement which offers the facility for companies in any Member State to
list on any stock exchange in the region on the condition as national companies;
(b) the negotiation of a Protocol (Protocol II) on establishment, services and capital;
(c) the process of negotiations to amend the 1973 Treaty by replacing, in whole or in
part, Articles 28, 35, 36, 37 and 43 of its Annex.  These amendments will provide for
the right of establishment, the right to provide services and the right to move capital
by any national in the Community;
(d) a 1995 Policy decision to provide, on a phased basis, for the free movement of skilled
persons on the basis of mutual recognition or agreement on equivalency of
educational qualifications;  and
(e) a multilateral agreement concerning the operation of air services within the Caribbean
Community of the CARICOM Multilateral Air Services Agreement.
These developments and the negotiations in process will significantly modify the environment
for service sector activity.
                                                     
7 For example, commercial banks from other jurisdictions account for the following share of the total
banking system: Guyana (29 per cent), Antigua and Barbuda (11 per cent), Grenada (40 per cent), St. Kitts andNevis (17 per cent), St. Lucia (14 per cent) and St. Vincent and the Grenadines (20 per cent).  Source:
Competitiveness of Caribbean Financial Services and WTO Related Negotiating Strategies , M. Odle et al,
CARICOM Secretariat/Regional Negotiating Machinery, 1998.WT/REG92/R/B/1
G/L/359
Page 12
III. GENERAL PROVISIONS OF THE AGREEMENT
2. Accession
The Treaty is open to accession by other Caribbean countries (Article 29).  In this regard, The
Bahamas joined the Community (though not the Common Market) in 1983, Suriname in 1995 and
final negotiations for Haiti's accession are advanced.  The Community has also negotiated trade
arrangements with neighbouring Colombia and Venezuela and is negotiating a reciprocal broad-based
Free Trade Agreement with the Dominican Republic.
4. Relation with Other Trade Agreements
The Community has the capacity to negotiate cooperation agreements with other countries.
The Community has negotiated trade arrangements with neighbouring Colombia and Venezuela and
is negotiating a reciprocal broad-based Free-Trade Agreement with the Dominican Republic.
CARICOM/Venezuela
The CARICOM-Venezuela Trade and Investment Agreement was signed in October 1992
and became effective on 1 January 1993.  This one-way preferential agreement was concluded under
the facility for non-reciprocal partial scope agreement available to members of the Latin AmericanIntegration Association (LAIA).  It is aimed at  encouraging CARICOM exports to Venezuela on the
basis of duty-free or duty-reduced access for identified products.  CARICOM exports not included in
the identified list of products enter Venezuela under Most Favoured Nation (MFN) provisions.
The Agreement contains safeguard provisions which may be applied by Venezuela in case of
injury to domestic production or BOP difficulty and to prevent unfair trade practices.  It also targets
the promotion of investment, especially through the creation of joint venture arrangement between
firms.  There are no specific facilities for this however.
CARICOM/Colombia
The CARICOM/Colombia Agreement on Trade, Economic and Technical Cooperation was
signed on 24 July 1994 and became effective 1 January 1995.  The Agreement was also concluded
under the facility for partial scope agreements available to members of the LAIA.  The Agreement is
an asymmetrical reciprocal arrangement, under which CARICOM was granted unilateral preferential
access to its exports into the Colombian market for a period of four years.  At the end of this period,
the arrangement becomes reciprocal in relation to the four CARICOM MDCs, namely Barbados,
Guyana, Jamaica and Trinidad and Tobago.  A revision to this Agreement, effective 1 June 1999,
provides that these four CARICOM Members grant du ty-free or duty-reduced treatment to identified
products from Colombia, while Colombia provides similar treatment to a different set of identified
product from CARICOM Member States.  MFN treatme nt applies with respect to other products.
The Agreement also provides for the phasing out of any non-tariff barriers and includes
provisions for safeguard measures in the event of BOP problems or of injury or threat to domestic
production, as well as for the application of anti-dumping and countervailing measures.
CARICOM/Dominican Republic
CARICOM and the Dominican Republic are in the process of negotiating a reciprocal trade
agreement.  A framework for the Agreement establishing the Free Trade Agreement (FTA) between
the Caribbean Community and the Dominican Republic was signed on 22 August 1998.  TheWT/REG92/R/B/1
G/L/359
Page 13
Agreement provides for the immediate elimination of duties or the phasing out of duties on all goods
except for products which might be identified as sensitive.  It also covers services, investment and
government procurement.  A Plan of Action attached to the Framework Agreement outlines the
activities to be undertaken to conclude the detailed negotiations.
Free-Trade Area of the Americas (FTAA)
CARICOM Member States, along with all other independent countries of the Western
Hemisphere (except Cuba), are in the process of negotiating a FTAA.  The final structure of this
Agreement will need to respond to important challenges, given the vast differences in size, levels of
development and development potentials of the States involved in the enterprise.
5. Institutional Framework
The 1973 Treaty provides for the creation of two distinct entities, the Caribbean Community
and the Caribbean Common Market.  The Treaty wa s amended in 1997 with the signature of Protocol
I, which restructures the Organs and Institutions of the Community.
The principal organs of the Community are:
- The Conference of Heads of Government:11
The Conference is the Supreme Organ of the Community.  It consists of the Heads of
Government of the Member States and is the final authority of the Community. 
The primary responsibility of the Conference is to determine and to provide the
policy direction for the Community.  The Conference is the final authority for the
conclusion of Treaties on behalf of the Community and for entering into relationshipsbetween the Community and International Organizations and States.
12  I t  i s  a l s o
responsible for making the financial arrangements to meet the expenses of the
Community but has delegated this function to the Community Council.
Decisions of the Conference are generally taken unanimously.
- The Community Council of Ministers (the Council):
The Council is the second highest organ.  It consists of ministers responsible for
community affairs and any other minister designated by Member States in their
absolute discretion.
                                                     
11 A Bureau of the Conference came into operation in December 1992, following the adoption of a
decision at the Special Meeting of Heads of Government in October 1992.  The responsibility of the Bureau is to
initiate proposals; update consensus; mobilize and secure implementation of CARICOM decisions in an
expeditious and informed manner.  The Bureau consists of the Chairman of the Conference, as Chairman, aswell as the incoming and outgoing Chairmen of the Conference and the Secretary-General in the capacity of theChief Executive Officer.
12 The Prime Ministerial Sub-Committee on External Negotiations was established by the Conference
of Heads of Government to ensure a common, coherent and coordinated external economic negotiations profile
for the CARICOM Community, on behalf of the Community;  and to facilitate the orderly coordinated and
managed integration of the Community into the international economy.WT/REG92/R/B/1
G/L/359
Page 14
The Council is responsible for the developm ent of Community strategic planning and
coordination in the areas of economic, integration, social and functional cooperation
and external relations.
The principal organs of the Community are assisted in the performance of their functions by
the following four Ministers Councils:
(a) The Council for Trade and Economic Development (COTED), which manages the
internal and external trade regime, the policies relating to movements of factors and
the sectoral programmes of cooperation.13   The COTED promotes trade and
economic development of the Community and overseas the operations of the
CARICOM Single Market and Economy;
(b) The Council for Foreign and Community Re lations (COFCOR) determines relations
with international organizations and third States;
(c) The Council for Human and Social Development (COHSOD) promoted human and
social development;  and
(d) The Council for Finance and Planning (C OFAP) coordinates economic policy and
financial and monetary integration of Member States.
The Caribbean Community has a number of Institutions, namely:
- Caribbean Disaster Emergency Response Agency (CDERA);
- Caribbean Meteorological Institute (CMI);- Caribbean Meteorological Organization (CMO);
- Caribbean Food Cooperation (CFC);
- Caribbean Environment Health Institute (CEHI);
- Caribbean Agriculture Research and Development Institute (CARDI);
- Caribbean Regional Centre for the Education and Training of Animal Health and
Veterinary Public Health Assistants (REPAHA);
- Association of Caribbean Community Parliamentarians (ACCP);
- Caribbean Centre for Development Administration (CARICAD); and
- Caribbean Food and Nutrition Institute (CFNI).
The following are Associate Institutions of the Community:
- Caribbean Development Bank (CDB);
- University of Guyana (UG);
- University of the West Indies (UWI);  and
- Caribbean Law Institute/Caribbean Law Institute Centre (CLI/CLIC).
The Treaty establishes the Caribbean Community Secretariat as the principal administrative
organ of the Community.  Its functions are:
(a) To service meetings of the Organs and Bodies of the Community and take appropriate
follow up action on determinations issuing from such meetings;
                                                     
13 The COTED is now responsible for trade and economic development issues, which were previously
dealt with by the Common Market Council, and which has been replaced by the Community Council.WT/REG92/R/B/1
G/L/359
Page 15
(b) to initiate, organize and conduct studies on issues for the achievement of the
objectives of the Community;
(c) to provide, on request, services to Member States of the Community on matters
relating to the achievement of its objectives;
(d) to collect, store and disseminate to Member States of the Community information
relevant for the achievement of its objectives;
(e) to assist Community Organs in the development and implementation of proposals and
programmes for the achievement of objectives of the Community;
(f) to co-ordinate in relation to the Comm unity the activities of donor agencies,
international, regional and national institutions for the achievement of objectives of
the Community;
(g) to prepare the draft budget of the Community for examination by the Budget
Committee;
(h) to provide, on request, technical assistance to national authorities to facilitate
implementation of Community decisions;
(i) to conduct, as mandated, fact-finding assignments in Member States;  and(j) to initiate or develop proposals for consideration and decision by competent Organs
in order to achieve Community objectives.
IV. OTHER
In addition to the trade regime, the Common Market provides for internal consultation,
coordination and cooperation among Members in the areas of macro-economic policy and planning,
harmonization of fiscal incentives, double taxation, legislation and administration practices (in suchareas as companies, trade marks, patents, design and copy rights, industrial standards, marks of origin,
labelling of food and drugs, restrictive business practices, dumping and subsidization, plant and
animal health), monetary payments and exchange  rate policies;  joint development of natural
resources and marketing of agricultural products.
A special regime for LDCs is also integral to the Common Market Arrangement.  The main
purpose of the special regime is to provide support to the smaller and lesser developed Members of
the Common Market and phase in the impact of the competition from the MDCs, in order to minimise
the economic dislocation and create conditions in which, over time, they would be able to fully
discharge the obligations assumed under the Annex to the Treaty.  The main areas of authorizedderogation from the requirements for full free-trade area treatment to give effect to this objective
included:  the right to apply duty and or QRs on identified products for a specific period (Article 56);
the right to maintain duty on a limited number of goods for revenue purposes (Schedule III); a longer
period to phase in the CET; and less rigorous origin requirements.
Conclusion
This Report is submitted in the context of a major effort to restructure, deepen and broaden
the Customs Union arrangement envisaged in the 1973 Treaty of Chaguramas into a Single MarketWT/REG92/R/B/1
G/L/359
Page 16
and Economy.  Negotiations for the substantive revision of the Treaty are not yet complete, however
and hence, a revised Treaty is not now being submitted.  This will, in all probability, be the last report
submitted in the framework of the original 1973 Treaty.
The process of creating an internal Free-Trade Area for trade in goods is essentially complete.
Significantly, less than one per cent of intra-regional trade (four products) are affected by
unauthorized non-tariff measures maintained by four states.  Trade in a limited number of other
products from the MDCs are constrained as a matter of community policy, to provide some
developmental advantage to the LDCs.
The original timetable and plan for the establishment of the CET (1983) was not met; the
CET was established in 1992.  A policy decision was taken to systematically reduce its rates to
a maximum of 20 per cent on manufactured goods and 40 per cent on agricultural goods.  These rates
are well within the rates bound by the individual member countries in the Marrakesh Agreement.
Four Member countries, representing over 80 per cent of the import trade of the
Common Market, have brought the CET to the agreed limits.  The majority, if not all Member States,
should complete the process by the end of the 1999 so that there should be a single tariff at the new
reduced level in 2000.
The Community has jettisoned the use of QRs as a protective policy device.  Individual
Member States have also adopted this policy.  There are no CARICOM-wide sanctioned QRs except
in relation to oils and fats products and a small number of other products, specially to provide some
developmental advantage to the LDCs.
The trade performance in the period since 1990 shows imports from the rest of the world
growing at an even faster rate that intra-CARI COM imports.  The intra-regional cooperation did not
result in trade diversion from the rest of the world.
The Community has been structuring and st rengthening the institutional capacity for
discharging its internal and external responsibility to facilitate trade.  All independent Common
Market Member States are WTO Members.  The Community has been assisting Member States,
especially the small States, in their efforts to comply with WTO commitments.WT/REG92/R/B/1
G/L/359
Page 17ANNEX 1
Table 1 - Shares of CARICOM's Intra-regional Imports to Total Imports and
Intra-Regional Domestic Exports to Total Domestic Exports, by Country:  1990-1997
(US$000)
CARICOM MEMBER STATES
YEAR TRADE TYPE CCAARRIICCOOMM MDCs BRB GUY JAM SUR TTO LDCs BLZ OECs ATG DMA GRD MSR KNA LCA VCT
1990 A. Intra - Regional Imports 550000,,110000 301,182 109,463 24,736 87,719 … 79,264 1,98,928 12,990 185,938 34,353 26,092 25,738 7,863 15,933 48,714 28,245
B. Total Imports (C.I.F.) 55,,225577,,335577 406,424 703,959 220,474 1,877,147 … 1,263,044 1,192,733 211,248 981,485 192,180 117,923 108,944 44,134 110,729 271,498 136,077
A/B (%) 99..55 7.4 15.5 11.2 4.7 … 6.3 16.7 6.1 18.9 17.9 21.3 23.6 17.8 14.4 17.9 20.8
C. Intra - Regional
Domestic Exports447755,,339911 392,175 62,973 12,320 70,463 … 256,419 83,216 8,341 74,875 6,294 13,584 6,002 37 2,591 20,254 2,6113
D.Total Domestic  Exports
(F.O.B.)33,,887711,,1111333,460,212 126,958 179,953 1,122,041 … 2,031,260 410,901 104,549 306,352 9,715 52,752 21,333 166 24,367 120,242 77,777
C/D (%) 1122..33 11.3 41.7 6.8 6.3 … 12.6 20.3 8.0 24.4 64.8 25.8 28.1 22.3 10.6 16.8 33.6
1991 A. Intra - Regional Imports 448833,,666622 282,289 101,752 31,569 67,581 … 81,367 201,373 6,887 194,486 26,909 26,299 27,687 9,527 20,071 50,974 33,019
B. Total Imports (C.I.F.) 55,,774477,,7788114,407,698 698,860 205,780 1,828,574 … 1,674,484 1,340,083 256,177 1,083,906 275,922 109,621 117,231 38,786 110,280 292,382 139,684
A/B (%) 88..44 6.4 14.6 15.3 3.7 … 4.9 15.0 2.7 17.9 9.8 24.0 23.6 24.6 18.2 17.4 23.6
C. Intra - Regional Domestic
Exports441177,,330000 343,968 53,224 … 62,284 … 227,560 74,232 6,694 67,538 3,489 13,206 7,036 81 2,859 16,499 24,368
D.Total Domestic  Exports
 (F.O.B.)33,,449999,,3322443,138,549 122,304 … 1,056,636 … 1,959,609 360,775 94,428 266,347 7,938 51,452 20,053 245 24,388 97,197 65,074
C/D (%) 1111..99 10.9 43.5 … 5.9 … 11.6 20.6 7.1 25.4 44.0 25.7 35.1 33.1 11.7 17.0 37.4
1992 A. Intra – Regional Imports 550044,,884477 286,107 99,755 43,268 67,318 … 75,766 218,740 10,809 207,931 34,404 E 26,785 29,066 8,200 17,626 57,787 34,063
B. Total Imports (C.I.F.) 55,,334477,,5566004,042,743 524,229 366,390 1,775,393 … 1,376,731 1,304,817 274,086 1,030,731 244,513 105,442 112,320 35,986 95,626 303,270 133,574
A/B (%) 99..44 7.1 19.0 11.8 3.8 … 5.5 16.8 3.9 20.2 14.1 25.4 25.9 22.8 18.4 19.1 25.5
C. Intra - Regional Domestic
Exports441166,,772255 348,364 53,096 … 58,511 … 236,757 68,361 6,019 62,342 … 15,151 … 137 2,689 13,473 30,892
D.Total Domestic  Exports
 (F.O.B.)33,,337755,,886666 299,763 134,569 … 1,028,609 … 1,834,785 377,903 110,980 266,923 … 51,860 … 333 24,120 114,594 76,016
C/D (%) 1122..33 11.6 39.5 … 5.7 … 12.9 18.1 5.4 23.4 … 29.2 … 41.1 11.1 11.8 40.6
1993 A. Intra - Regional Imports 555555,,448800 330,488 108,283 54,301 115,414 … 52,490 224,992 10,831 214,161 33,276 E 24,011 39,276 6,779 20,612 58,651 31,556
B. Total Imports (C.I.F.) 55,,992222,,4422554,610,639 576,941 456,443 2,189,243 … 1,388,012 1,311,786 280,913 1,030,873 233,773 93,704 125,001 27,549 117,923 299,199 133,724
A/B (%) 99..44 7.2 18.8 11.9 5.3 … 3.8 17.2 3.9 20.8 14.2 25.6 31.4 24.6 17.5 19.6 23.6
C. Intra - Regional Domestic
Exports449955,,229900 429,196 61,404 … 57,968 … 309,824 55,094 4,740 61,354 … 14,324 5,862 194 2,051 13,218 25,705
D.Total Domestic  Exports
(F.O.B.)33,,111111,,1188992,751,038 136,121 … 1,058,322 … 1,556,595 360,151 108,984 251,167 … 47,627 18,140 574 24,763 105,836 54,227
C/D (%) 1155..99 15.6 45.1 … 5.5 … 19.9 18.4 4.3 24.4 … 30.1 32.3 33.8 8.3 12.5 47.4WT/REG92/R/B/1
G/L/359
Page 18Table 1 (cont'd)
(US$000)
CARICOM MEMBER STATES
YEAR TRADE TYPE CARICOM MDCs BRB GUY JAM SUR TTO LDCs BLZ OECs ATG DMA GRD MSR KNA LCA VCT
1994 A. Intra - Regional Imports 52,6061 382,850 118,284 54,489 149,114 … 60,963 243,211 11,229 231,982 43,747 E 28,314 34,179 6,890 20,766 63,882 34,204
B. Total Imports (C.I.F.) 5,961,279 4,631,578 615,197 451,599 2,233,945 … 1,330,837 1,329,701 259,942 1,069,759 264,595 96,332 119,004 30,907 127,140 301,772 130,009
A/B (%) 10.5 8.3 19.2 12.1 6.7 … 4.6 18.3 4.3 21.7 16.5 29.4 28.7 22.3 16.3 21.2 26.3
C. Intra - Regional
Domestic Exports503,753 535,539 53,396 … 5,6073 … 426,070 68,214 4,864 63,350 … 17,162 5,013 299 1,751 13,469 25,656
D.Total Domestic  Exports(F.O.B.) 3,832,314 3,496,012 132,724 … 1,184,245 … 2,179,043 336,302 119,393 216,909 … 46,035 19,693 2,171 19,452 83,362 46,196
C/D (%) 15.8 15.3 40.2 … 4.7 … 19.6 20.3 4.1 29.2 … 37.3 25.5 138 9.0 16.2 55.5
1995 A. Intra - Regional Imports 708,315 501,161 123,673 … 250,843 48,801 77,844 207,154 12,764 194,390 … 31,556 35,322 … 22,821 68,227 36,464
B. Total Imports (C.I.F.) 7,249,624 6,172,227 770,571 … 2,831,778 575,370 1,994,508 1,077,397 258,513 81,884 … 117,281 128,904 … 132,261 306,026 134,412
A/B (%) 9.8 8.1 16.0 … 8.9 8.5 3.9 19.2 4.9 23.7 … 26.9 27.4 … 17.3 22.3 27.1
C. Intra - RegionalDomestic Exports 795,333 722,096 72,406 … 56,687 11,264 581,739 73,237 5,436 67,801 … 18,660 5,226 186 1,896 15,424 26,409
D.Total Domestic  Exports (F.O.B.) 4,849,652 4,479,311 169,406 … 1,388,130 468,935 2,452,840 370,341 142,920 227,421 … 43,550 20,234 11,389 17,323 93,764 41,161
C/D (%) 16.4 16.1 42.7 … 4.1 2.4 23.7 19.8 3.8 29.8 … 42.8 25.8 1.6 10.9 16.4 64.2
1996 A. Intra – Regional
Imports761,726 545,373 124,185 … 287,346 49,381 84,461 216,353 10,669 205,684 … 32,077 40,441 … 126,089 68,448 38,629
B. Total Imports (C.I.F.) 7,496,553 635,553 830,798 … 2,916,358 403,930 2,204,467 1,141,000 255,211 885,789 … 129,943 151,366 … 1,458,554 313,511 145,115
A/B (%) 10.2 8.6 14.9 … 9.9 12.2 3.8 19.0 4.2 23.2 … 24.7 26.7 … 17.9 21.8 26.6
C. Intra - RegionalDomestic Exports 826,165 758,393 86,069 … 50,924 15,473 605,927 67,772 4,606 53,155 … 23,704 5,107 241 359 10,168 23,587
D.Total Domestic  Exports (F.O.B.) 4,832,339 4,454,239 214,231 … 1,347,054 436,515 2,456,439 378,100 143,706 234,394 … 49,984 18,247 23,523 18,406 77,174 47,060
C/D (%) 17.1 17.0 40.2 … 3.8 3.5 24.7 17.9 3.2 26.9 … 47.4 28.0 1.0 2.0 13.2 50.1
1997 A. Intra - Regional Imports 853,309 620,126 123,507 … 315,323 83,446 97,850 233,183 11,018 222,165 … 34,659 46,739 … 27,741 70,837 42,189
B. Total Imports (C.I.F.) 9,035,964 7,786,329 995,500 … 3,112,941 599,286 3,078,602 1,249,635 286,074 963,561 … 134,571 167,672 … 147,171 332,122 182,025
A/B (%) 9.4 8.0 12.4 … 10.1 13.9 3.2 18.7 3.9 23.1 … 25.8 27.9 … 18.8 21.3 23.2
C. Intra - RegionalDomestic Exports 857,261 780,263 87,670 … 44,242 25,687 622,664 76,998 7,252 69,746 … 26,340 7,577 … 1,194 9,324 25,311
D.Total Domestic  Exports(F.O.B.) 5,039,402 4,670,795 210,478 … 1,353,578 638,821 2,467,918 368,607 158,937 209,670 … 51,353 2,3667 … 35,580 56,643 42,427
C/D (%) 17.0 16.7 41.7 … 3.3 4.0 25.2 20.9 4.6 33.3 … 51.3 32.0 … 3.4 16.5 59.7
Notes: … Means data not available
E Means Country Statistics Office (CSO) Estimate.
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 19Table 2 - Value and Distribution of CARICO M's Imports by Principal Sources: 1990-1997
(US$000)
1990 (a) 1991 (b) 1992 (a) 1993 (a) 1994 (a) 1995 (c) 1996 (d) 1997 (c)
Principal Sources Value % Value & Value % Value & Value % Value % Value % Value %
CARICOM'S TOTAL IMPORTS 5,065,179 100.0  5,215,685 100.0 5,103,044 100.0 5,688,652 100.0 5,696,684 100.0 7,249,626 100.0 6,947,510 100.0 8,436,680 100.0
  CARIBBEAN COMMUNITY & COMMON MKT 446,131 9.2 450,240 8.6 470,873 9.2 524,575 9.2 585,755 10.3 714.059 9.8 675,057 9.7 775,033 9.2
    CARIBBEAN COMMON MARKET 465,758 9.2 449,867 8.6 470,442 9.2 522,204 9.2 582,313 10.2 708,317 9.8 673,716 9.7 769,862 9.1
    THE BAHAMAS 374 0.0 373 0.0 431 0.0 2,371 0.0 3,442 0.1 5,742 0.0 1,341 0.0 5,171 0.1
  OTHER CARIBBEAN COUNTRIES 176,509 3.5 205,122 3.9 178,534 3.5 192,963 3.4 165,358 2.9 172,854 2.4 176,262 2.5 215,991 2.6
  CANADA 272,739 5.4 241,806 4.6 219,894 4.3 233,173 4.1 247,796 4.3 267,310 3.7 233,549 3.4 247,782 2.9
  UNITED STATES OF AMERICA 2,087,449 41.2 2,156,692 41.4 2,305,827 45.2 2,473,636 43.5 2,676,741 47.0 3,085,860 42.6 3,085,277 44.4 4,022,880 47.7
  LATIN AMERICAN INTEGRATION
ASSOCIATION569,183 11.2 580,922 11.1 520,280 10.2 598,985 10.5 415,443 7.3 655,767 9.0 848,404 12.2 829,816 9.8
  CENTRAL AMERICAN COMMON MARKET 34,620 0.7 31,792 0.6 36,667 0.7 38,606 0.7 43,967 0.8 45,873 0.6 56,464 0.8 65,404 0.8
  EUROPEAN UNION 783,525 15.5 844,843 16.2 721,612 14.1 812,291 14.3 739,581 13.0 1,100,207 15.2 978,492 14.1 1,182,431 14.0
       UNITED KINGDOM 434,327 8.6 439,676 8.4 405,613 7.9 427,747 7.5 419,563 7.4 436,838 6.0 407,000 5.9 453,910 5.4
       REST OF EEC 349,199 6.9 405,166 7.8 315,999 6.2 384,543 6.8 320,018 5.6 663,369 9.2 571,492 8.2 728,521 8.6
  EUROPEAN FREE TRADE ASSOCIATION 87,338 1.7 65,833 1.3 77,372 1.5 73,387 1.3 85,486 1.5 66,411 0.9 55,296 0.8 59,599 0.7
  SELECTED ASIAN COUNTRIES (1) 389,454 7.7 479,510 9.2 428,563 8.4 551,505 9.7 498,743 8.8 606,119 8.4 568,869 8.2 709,831 8.4
       JAPAN 231,651 4.6
312,9216.0 254,224 5.0 325,910 5.7 277,353 4.9 346,524 4.8 335,107 4.8 442,226 5.2
       REST OF SELECTED ASIAN COUNTRIES 157,803 3.1 166,589 3.2 174,339 3.4 225,595 4.0 221,389 3.9 259,595 3.6 233,762 3.4 267,605 3.2
  REST OF THE WORLD 198,231 3.9 158,920 3.0 143,421 2.8 189,530 3.3 237,813 4.2 535,166 7.4 269,841 3.9 327,913 3.9
Notes: (a) Excludes data for Antigua & Barbuda which are not available.
(b) Excludes data for Antigua & Barbuda and Belize which are not available.(c) Excludes data for Antigua & Barbuda, Guyana and Montserrat which are not available.
(d) Excludes data for Antigua & Barbuda, Guyana, Montserrat, St. Vincent & the Grenadines and Suriname which are not available.
(e) Excludes data for Antigua & Barbuda, Guyana, Montserrat and Suriname which are not available.(1) The SELECTED ASIAN COUNTRIES are:  China, Hong Kong, India, Japan, Singapore, South Korea, Taiwan and Thailand.
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 20Table 3 - Value and Distribution of CARICOM's Exports by Principal Destinations: 1990-1997
(US$'000)
1990 (a) 1991 (b) 1992 (c) 1993 (d)
Total Exports Total Exports Total Exports Total Exports Principal Destinations Domestic
ExportRe-
Export Value %Domestic
ExportRe-
Export Value %Domestic
ExportsRe-
Exports Value %Domestic
ExportsRe-
Exports Value %
TOTAL CARICOM EXPORTS 3,861,397 226,156 4,087,553 100.0 3,396,958 223,950 3,620,908 100.0 3,375,867 149,655 3,525,522 100.0 3,111,191 179,959 3,291,150 100.0
  CARIBBEAN COMMUNITY & COMMON MKT 473,343 29,391 502,734 12.3 421,837 32,938 454,775 12.6 423,836 32,190 456,026 12.9 498,367 36,806 535,173 16.3
    CARIBBEAN COMMON MARKET 469,098 29,120 498,218 12.2 407,116 32,621 439,737 12.1 416,724 31,906 448,630 12.7 495,290 36,450 531,740 16.2
    THE BAHAMAS 4,245 271 4,516 0.1 14,721 316 15,037 0.4 7,112 284 7,396 0.2 3,076 356 3,432 0.1
  OTHER CARIBBEAN COUNTRIES 308,146 5,555 313,701 7.7 287,250 7,458 294,708 8.1 340,146 3,812 343,958 9.8 252,936 16,864 269,800 8.2
  CANADA 168,071 6,640 174,711 4.3 154,990 6,658 161,648 4.5 160,714 5,471 166,185 4.7 137,131 18,440 155,571 4.7
  UNITED STATES OF AMERICA 1,619,133 42,522 1,661,655 40.7 1,347,263 27,961 1,375,224 38.0 1,371,805 30,081 1,40,886 39.8 1,248,354 45,407 1,293,761 39.3
  LATIN AMERICAN INTEGRATION
ASSOCIATION90,700 25,705 116,405 2.8 165,104 9,746 174,850 4.8 129,115 24,810 153,925 4.4 97,359 13,056 110,415 3.4
  CENTRAL AMERICAN COMMON MARKET 16,900 1,509 18,409 0.5 7,573 47 7,620 0.2 19,590 932 20,522 0.6 17,966 1,164 19,130 0.6
  EUROPEAN UNION 799,631 41,289 840,920 20.6 658,191 76,048 734,239 20.3 577,780 13,281 591,061 16.8 551,907 13,908 565,815 17.2
       UNITED KINGDOM 502,762 33,140 535,902 13.1 382,028 4,814 386,842 10.7 407,531 7,996 415,527 11.8 368,059 7,339 375,398 11.4
       REST OF EEC 296,869 8,149 305,018 7.5 276,164 71,234 347,398 9.6 170,249 5,285 175,534 5.0 183,848 6,569 190,417 5.8
  EUROPEAN FREE TRADE ASSOCIATION 154,025 230 154,255 3.8 133,782 186 133,968 3.7 146,317 414 146,731 4.2 106,753 181 1'6,934 3.2
  SELECTED ASIAN COUNTRIES (1) 40,974 7,110 48,084 1.2 65,527 514 66,041 1.8 57,038 984 58,022 1.6 65,053 761 65,814 2.0
       JAPAN 32,473 3,563 36,036 0.9 35,427 255 35,682 1.0 36,796 727 37,523 1.1 38,208 279 38,487 1.2
       REST OF SELECTED ASIAN COUNTRIES 8,501 3,547 12,048 0.3 30,101 259 30,360 0.8 20,242 257 20,499 0.6 26,846 482 27,328 0.8
  REST OF THE WORLD 190,475 66,205 256,680 6.3 155,440 62,393 217,833 6.0 149,526 37,679 187,205 5.3 135,365 33,372 168,737 5.1WT/REG92/R/B/1
G/L/359
Page 21Table 3 (cont'd)
(US$'000)
1994 (d) 1995 (d) 1996 (d) 1997 (f)
Total Exports Total Exports Total Exports Total Exports Principal Destinations Domestic
ExportRe-
Export Value %Domestic
ExportRe-
Export Value %Domestic
ExportsRe-
Exports Value %Domestic
ExportsRe-
Exports Value %
TOTAL CARICOM EXPORTS 3,832,314 200,136 4,032,450 100.0 4,849,652 252,410 5,102,062 100.0 4,395,824 262,211 4,658,035 100.0 4,400,581 257,026 4,657,607 100.0
  CARIBBEAN COMMUNITY & COMMON MKT 611,369 32,450 643,819 16.0 801,123 48,273 849,396 16.6 817,579 42,230 859,809 18.5 838,462 53,025 891,487 19.1
    CARIBBEAN COMMON MARKET 603,751 31,964 635,715 15.8 795,329 47,231 842,560 16.5 810,692 40,886 851,578 18.3 831,574 51,374 882,948 19.0
    THE BAHAMAS 7,618 486 8,104 0.2 5,794 1,042 6,836 0.1 6,887 1,344 8,231 0.2 6,889 1,650 8,539 0.2
  OTHER CARIBBEAN COUNTRIES 278,190 8,418 286,608 7.1 385,708 8,207 393,915 7.7 366,255 10,378 376,633 8.1 364,970 5,623 370,593 8.0
  CANADA 247,885 4,293 252,178 6.3 231,467 7,696 239,163 4.7 232,583 5,715 238,298 5.1 232,330 2,670 235,000 5.0
  UNITED STATES OF AMERICA 1,473,782 89,022 1,562,804 38.8 1,657,743 81,471 1,739,214 34.1 1,678,094 117,264 1,795,358 38.5 1,553,694 92,209 1,645,903 35.3
  LATIN AMERICAN INTEGRATION
ASSOCIATION224,819 16,755 241,574 6.0 257,790 19,656 277,446 5.4 219,686 23,654 243,340 5.2 189,454 22,925 212,379 4.6
  CENTRAL AMERICAN COMMON MARKET 20,995 1,345 22,340 0.6 19,807 1,372 21,179 0.4 20,851 2,070 22,921 0.5 71,072 3,504 74,576 1.6
  EUROPEAN UNION 639,096 13,174 652,270 16.2 1,027,081 41,693 1,068,774 20.9 818,491 19,044 837,535 18.0 835,944 8,876 844,820 18.1
       UNITED KINGDOM 376,229 7,234 383,463 9.5 443,340 30,725 474,065 9.3 436,950 13,106 450,056 9.7 426,054 4,554 430,608 9.2
       REST OF EEC 262,868 5,940 268,808 6.7 583,741 10,969 594,710 11.7 381,542 5,938 387,480 8.3 409,890 4,322 414,212 8.9
  EUROPEAN FREE TRADE ASSOCIATION 125,774 191 125,965 3.1 234,417 339 234,756 4.6 91,672 330 92,002 2.0 87,706 126 87,832 1.9
  SELECTED ASIAN COUNTRIES (1) 46,504 1,630 48,134 1.2 76,602 1,682 78,284 1.5 42,636 1,019 43,655 0.9 44,578 2,869 47,447 1.0
       JAPAN 21,459 333 21,792 0.5 56,933 352 57,285 1.1 38,155 399 38,554 0.8 34,334 2,364 36,698 0.8
       REST OF SELECTED ASIAN COUNTRIES 25,046 1,297 26,343 0.7 19,669 1,330 20,999 0.4 4,481 620 5,101 0.1 10,243 505 10,748 0.2
  REST OF THE WORLD 163,898 32,858 196,756 4.9 157,913 42,021 199,934 3.9 107,977 40,508 148,485 3.2 182,369 65,199 247,568 5.3
Notes: (a) Excludes data for Antigua & Barbuda which are not available.
(b) Excludes data for Antigua & Barbuda, Belize and Guyana which are not available.
(c) Excludes data for Antigua & Barbuda, Grenada and Guyana which are not available.
(d) Excludes data for Antigua & Barbuda and Guyana which are not available.(e) Excludes data for Antigua & Barbuda, Guyana and Suriname which are not available.(f) Excludes data for Antigua & Barbuda, Guyana, Montserrat and Suriname which are not available.
(1) The SELECTED ASIAN COUNTRIES are:  China, Hong Kong, India Japan, Singapore, South Korea, Taiwan and Thailand.
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 22
Table 4 - Value of Intra-Regional Imports By Country:  1990-1997
(US$000)
CARICOM
COUNTRIES1990 1991 1992 1993 1994 1995 1996 1997
CARICOM 500,110 483,662 504,847 555,480 626,061 708,315 761,726 853,309
MDC's 301,182 282,289 286,107 330,488 382,850 501,161 545,373 620,126
Barbados 109,463 101,752 99,755 108,283 118,284 123,673 124,185 123,507
Guyana 24,736 31,569 43,268 54,301 54,489 … … …
Jamaica 87,719 67,581 67,318 115,414 149,114 250,843 287,346 315,323
Suriname 48,801 49,381 83,446
Trinidad &
Tobago79,264 81,387 75,766 52,490 60,963 77,844 84,461  97,850
LDC's 198,928 201,373 218,740 224,992 243,211 207,154 216,353 233,183
Belize 12,990 6,887 10,809 10,831 11,229 12,764 10,669 11,018
OECS 185,938 194,486 207,931 214,161 231,982 194,390 205,684 222,165
Antigua &
Barbuda34,353 26,909 34,404 33,276 43,747 … … …
Dominica 25,092 26,299 26,785 24,011 28,314 31,556 32,077 34,659
Grenada 25,738 27,687 29,066 39,276 34,179 35,322 40,441 46,739
Montserrat 7,863  9,527 8,200 6,779 6,890 … … …
St. Kitts &
Nevis15,933 20,071 17,626 20,612 20,766 22,821 26,089 27,741
Saint Lucia 48,714 50,974 57,787 58,651  63,882 68,227 68,448 70,837
St. Vincent &
Gr'dines28,245 33,019 34,063 31,556 34,204 36,464 38,629 42,189
Notes Suriname became a member of the Caribbean Community and Common Market in July 1995.
… Means data not available
1996 data for St. Vincent and the Grenadines is Estimated.
Source: Based on Data from the Trade Database in the CARICOM Secretariat's Statistics Section.
.WT/REG92/R/B/1
G/L/359
Page 23Table 5 - Value and Percentage Change of Intra-Regional Imports by Country:  1990-1997
(US$000)
Change: 1991
Over 1990Change:  1992
Over 1991Change:  1993
Over 1992Change:  1994
Over:  1993Change:  1995
Over:  1994Change:  1996
Over:  1995Change:  1997
Over:  1996 CARICOM
COUNTRIES Value % Value % Va lue % Value % Value % Value % Value %
 CARICOM -16,448 -3.3 21,185 4.4 50,633 10.0 70,581 12.7 82,254 13.1 53,411 7.5 91,583 12.0
  MDC's -18,893 -6.3 3,818 1.4 44,381 15.5 52,362 15.8 118,311 30.9 44,212 8.8 74,753 13.7
   Barbados -7,711 -7.0 -1,997 -2.0 8,528 8.5 10,001 9.2 5,389 4.6 512 0.4 -678 -0.5
   Guyana 6,833 27.6 11,699 37.1 11,033 25.5 188 0.3 … … … … … …
   Jamaica -20,138 -23.0 -263 -0.4 48,096 71.4 33,700 29.2 101,729 68.2 36,503 14.6 27,977 9.7
   Suriname (a) (a) 580 1.2 34,065 69.0
   Trinidad & Tobago 2,123 2.7 -5621 -6.9 -23,276 -30.7 8,473 16.1 16,881 27.7 6,617 8.5 13,389 15.9
  LDC's 2,445 1.2 17,367 8.6 6,252 2.9 18,219 8.1 -36,057 -14.8 9,199 4.4 16,830 7.8
   Belize -6,103 -47.0 3,922 56.9 22 0.2 398 3.7 1,535 13.7 -2,095 -16.4 349 3.3
  OECS 8,548 4.6 13,445 6.9 6,230 3.0 17,821 8.3 -37,592 -16.2 11,294 5.8 16,481 8.0
   Antigua & Barbuda -7,444 -21.7 7,495 27.9 -1,128 -3.3 10,471 31.5 … … … … … …
   Dominica 1,207 4.8 486 1.8 -2,774 -10.4 4,303 17.9 3,242 11.5 521 1.7 2,582 8.0
   Grenada 1,949 7.6 1,379 5.0 10,210 35.1 -5,097 -13.0 1,143 3.3 5,119 14.5 6,298 15.6
   Montserrat 1,664 21.2 -1,327 -13.9 -1,421 -17.3 111 1.6 … … … … … …
   St. Kitts & Nevis 4,138 26.0 -2,445 -12. 2 2,986 16.9 154 0.7 2,055 9.9 3,268 14.3 1,652 6.3
   Saint Lucia 2,260 4.6 6,813 13.4 864 1.5 5,231 8.9 4,345 6.8 221 0.3 2,389 3.5
   St. Vincent &
Gr'dines4,774 16.9 1,044 3.2 -2,507 -7.4 2,648 8.4 2,260 6.6 2,165 5.9 3,560 9.2
Notes: (a) Suriname became a member of the Caribbean Community and Common Market in July 1995
… Means data not available.
1996 data for St. Vincent and the Grenadines is estimated
Sources: Based on data from the Trade Database in the CARICOM Secretariat's Statistics SectionWT/REG92/R/B/1
G/L/359
Page 24
Table 6 - Value of Extra-Regional Imports by Country:  1990-1997
(US$000)
CARICOM
COUNTRIES1990 1991 1992 1993 1994 1995 1996 1997
CARICOM 4,757,248 5,264,120 4,842,714 5,366,949 5,335,218 6,541,308 6,734,832 8,182,657
MDC's 3,763,440 4,125,409 3,756,637 4,280,154 4,248,728 5,671,065 5,810,181 7,166,203
Barbados 594,496 597,108 424,474 468,658 496,913 646,897 706,613 871,993
Guyana 195,737 174,211 323,122 402,143 397,100 … …
Jamaica 1,789,427 1,760,993 1,708,075 2,073,830 2,084,831 2,580,935 2,629,013 2,797,618
Suriname 526,569 354,549 515,840
Trinidad &
Tobago1,183,780 1,593,097 1,300,966 1,335,523 1,269,874 1,916,664 2,120,006 2,980,752
LDC's 993,808 1,138,711 1,086,077 1,086,795 1086,490 870,243 924,651 1,016,454
Belize 198,259 249,290 263,276 270,082 248,713 245,749 244,543 275,056
OECS 795,549 889,421 822,801 816,713 837,777 624,494 680,108 741,398
Antigua &
Barbuda157,827 249,013 210,110 200,497 220,848 … … …
Dominica 92,831 83,323 78,657 69,693 68,017 85,725 97,867 99,912
Grenada 83,207 89,544 83,254 85,725 84,825 93,582 110,925 120,934
Montserrat 36,272 29,260 27,786 20,770 24,018 … … …
St. Kitts &
Nevis94,796 90,209 78,000 97,311 106,375 109,440 119,766 119,430
Saint Lucia 222,784 241,407 245,483 240,548 237,890 237,799 245,063 261,286
St. Vincent &
Gr'dines107,832 106,665 99,511 102,169 95,804 97,948 106,487 139,836
Notes Suriname became a member of the Caribbean Community and Common Market in July 1995.
… Means data not available
Source: Based on Data from the Trade Database in  the CARICOM Secretariat's Statistics Section
.WT/REG92/R/B/1
G/L/359
Page 25Table 7 - Value and Percentage Change of Extra-Regional Imports by Country:  1990-1997
(US$000)
Change: 1991
Over 1990Change:  1992
Over 1991Change:  1993
Over 1992Change:  1994
Over:  1993Change:  1995
Over:  1994Change:  1996
Over:  1995Change:  1997
Over:  1996 CARICOM
COUNTRIES Value % Value % Va lue % Value % Value % Value % Value %
 CARICOM 506,872 10.7 -421,406 -8.0 524,235 10.8 -31,731 -0.6 1,206,090 22.6 193,524 3.0 1,447,825 21.5
  MDC's 361,969 9.6 -368,772 -8.9 523,517 13.9 -31,426 -0.7 1,422,337 33.5 139,116 2.5 1,356,022 23.3
   Barbados 2612 0.4 -172,634 -28.9 44,184 10.4 28,255 6.0 149,984 30.2 59,716 9.2 165380 23.4
   Guyana -21,526 -11.0 148,911 85.5 79,021 24.5 -5,033 -1.3 … … … … … …
   Jamaica -28,434 -1.6 -52,918 -3.0 365,755 21.4 11,001 0.5 496,104 23.8 48,078 1.9 168,605 6.4
   Suriname (a) (a) -172,020 -32.7 161,291 45.5
   Trinidad & Tobago 409,317 34.6 -292,131 -18.3 34,557 2.7 -65,649 -4.9 646,790 50.9 203,342 10.6 860,746 40.6
  LDC's 144,903 14.6 -52,634 -4.6 718 0.1 -305 0.0 -216,247 -19.9 54,408 6.3 91,803 9.9
   Belize 51,031 25.7 13,986 5.6 6,806 2.6 -21,369 -7.9 -2,964 -1.2 -1,206 -0.5 30,513 12.5
  OECS 93,872 11.8 -66,620 -7.5 -6,088 -0.7 21,064 2.6 -213,283 -25.5 55,614 8.9 61,290 9.0
   Antigua & Barbuda 91,186 57.8 -38,903 -15.6 -9,613 -4.6 20,351 10.2 … … … … … …
   Dominica -9,508 -10.2 -4,666 -5.6 -8,964 -11.4 -1,676 -2.4 17,708 26.0 12,142 14.2 2,045 2.1
   Grenada 6,337 7.6 -6,290 -7.0 2,471 3.0 -900 -1.0 8,757 10.3 17,343 18.5 10,009 9.0
   Montserrat -7,012 -19.3 -1,474 -5.0 -7,016 -25.3 3,248 15.6 … … … … … …
   St. Kitts & Nevis -4,587 -4.8 -12,209 -13.5 19,311 24.8 9,064 9.3 3,065 2.9 10,326 9.4 -336 -0.3
   Saint Lucia 18,623 8.4 4,076 1.7 -4,935 -2.0 -2,658 -1.1 -91 0.0 7,264 3.1 16,223 6.6
   St. Vincent &
Gr'dines-1,167 -1.1 -7,154 -6.7 2,658 2.7 -6,365 -6.2 2,144 2.2 8,539 8.7 33,349 31.3
Notes: (a) Suriname became a member of the Caribbean Community and Common Market in July 1995
… Means data not available
1996 data for St. Vincent and the Grenadines is estimated.
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 26
Table 8 - Value of CARICOM's Total Imports, by Country, 1990-1997
(US$000)
CARICOM
COUNTRIES1990 1991 1992 1993 1994 1995 1996 1997
CARICOM 5,257,357 5,747,781 5,347,560 5,922,425 5,961,279 8,064,250 8,360,775 9,961,296
MDC's 4,064,624 4,407,698 4,042,743 4610,639 4,631,578 6,699,246 6,925,859 840,1061
Barbados 703,959 698,860 524,229 576,941 615,197 770,571 830,798 995,500
Guyana 220,474 205,780 366,390 456,443 451,599 527,019 570,306 614,732
Jamaica 1,877,147 1,828,574 1,775,393 2,189,243 2,233,945 2,831,778 2,916,358 3,112,941
Suriname 575,370 403,930 599,286
Trinidad &
Tobago1,263,044 1,674,484 1,376,731 1,388,012 1,330,837 1,994,508 2,204,467 3,078,602
LDC's 1,192,733 1,340,083 1,304,817 1,311,786 1,329,701 1,365,004 1,434,916 1,560,235
Belize 211,248 256,177 274,086 280,913 259,942 258,513 255,211 286,074
OECS 981,485 1,083,906 1,030,731 1,030,873 1,069,759 1,106,491 1,179,705 1,274,161
Antigua &
Barbuda192,180 275,922 244,513 233,773 264,595 287,607 293,916 310,600
Dominica 117,923 109,621 105,442 93,704 96,332 117,281 129,943 134,571
Grenada 108,944 117,231 11,232 125,001 119,004 128,904 151,366 167,672
Montserrat 44,134 38,786 35,986 27,549 30,907 … … …
St. Kitts &
Nevis110,729 110,280 95,626 117,923 127,140 132,261 145,854 147,171
Saint Lucia 271,498 292,382 303,270 299,199 301,772 306,026 313,511 332,122
St. Vincent &
Gr'dines136,077 139,684 133,574 133,724 130,009 134,412 1,451,15 E 182,025
Notes: E Estimated Figure
… Means data not available
Suriname became a member of the Caribbean Community and Common Market in July 1995.
Source: Based on data from the Trade Database in  the CARICOM Secretariat's Statistics SectionWT/REG92/R/B/1
G/L/359
Page 27Table 9 - Value and Percentage Change of CARICOM's Total Imports, By Country, 1990-1997
(US$000)
Change: 1991
Over 1990Change:  1992
Over 1991Change:  1993
Over 1992Change:  1994
Over:  1993Change:  1995
Over:  1994Change:  1996
Over:  1995Change:  1997
Over:  1996 CARICOM
COUNTRIES Value % Value % Va lue % Value % Value % Value % Value %
 CARICOM 490,424 9.3 -400,221 -7.0 574,865 10.8 38,854 0.7 2,102,971 0.4 296,525 3.7 1,600,521 19.1
  MDC's 343,074 8.4 -364,955 -8.3 567,896 14.0 20,939 0.5 2,067,668 0.4 226,613 3.4 1,475,202 21.3
   Barbados -5,099 -0.7 -174,631 -25.0 52,712 10.1 38,256 6.6 155,374 0.3 60,227 7.8 164,702 19.8
   Guyana -14,694 -6.7 160,610 78.0 90,053 24.6 -4,844 -1.1 75,420 0.2 43,287 8.2 44,426 7.8
   Jamaica -48,573 -2.6 -53,181 -2.9 413,850 23.3 44,702 2.0 597,833 0.3 84,580 3.0 196,583 6.7
   Suriname (a) (a) -171,440 -29.8 195,356 48.4
   Trinidad & Tobago 411,440 32.6 -297,753 -17.8 11,281 0.8 -57,175 -4.1 663,671 0.5 209,959 10.5 874,135 39.7
  LDC's 147,350 12.4 -35,266 -2.6 6,969 0.5 17,915 1.4 35,303 0.0 69,912 5.1 125,319 8.7
   Belize 44,929 21.3 17,909 7.0 6,827 2.5 -20,971 -7.5 -1,429 0.0 -3,302 -1.3 30,863 12.1
  OECS 102,421 10.4 -53,175 -4.9 142 0.0 38,886 3.8 36,732 0.0 73,214 6.6 94,456 8.0
   Antigua & Barbuda 83,742 43.6 -31,409 -11.4 -10,740 -4.4 30,822 13.2 23,012 0.1 6,309 2.2 16,684 5.7
   Dominica -8,302 -7.0 -4,179 -3.8 -11,738 -11.1 2,628 2.8 20,949 0.2 12,662 10.8 4,628 3.6
   Grenada 8,287 7.6 -4,911 -4.2 12,681 11.3 -5,997 -4.8 9,900 0.1 22,462 17.4 16,306 10.8
   Montserrat -5,348 -12.1 -2,800 -7.2 -8,437 -23.4 3,358 12.2 … … … … … …
   St. Kitts & Nevis -449 -0.4 -14,654 -13.3 22, 297 23.3 9,217 7.8 5,121 0.0 13,593 10.3 1,317 0.9
   Saint Lucia 20,884 7.7 10,888 3.7 -4,071 -1.3 2,573 0.9 4,254 0.0 7,485 2.4 18,611 5.9
   St. Vincent &
Gr'dines3,607 2.7 -6,110 -4.4 150 0.1 -3,715 -2.8 4,403 0.0 10,703 8.0 36,910 25.4
Notes: … Means data not available.
(a) Suriname became a member of the Caribbean Community and Common Market in July 1995.
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 28
Table 10 - Value of Intra-Regional Domestic Exports by Country:  1990-1997
(US$000)
CARICOM
COUNTRIES1990 1991 1992 1993 1994 1995 1996 1997
CARICOM 475,391 417,300 416,725 495,290 603,753 795,333 826,165 857,261
MDC's 392,175 343,068 348,364 429,196 535,539 722,096 758,393 780,263
Barbados 52,973 53,224 53,096 61,404 53,396 72,406 86,069 87,670
G u y a n a 1 2 , 3 2 0…………… … …
Jamaica 70,463 62,284 58,511 57,968 56,073 56,687 50,924 44,242
Suriname 11,264 15,473 25,687
Trinidad &
Tobago256,419 227,560 236,757 309,824 426,070 581,739 605,927 622,664
LDC's 83,216 74,232 68,361 66,094 68,214 73,237 67,772 76,988
Belize 8,341 6,694 6,019 4,740 4,864 5,436 4,606 7,252
OECS 74,875 67,538 62,342 61,354 63,350 67,801 63,166 69,749
Antigua &
Barbuda6,294 3,489 … … … … … …
Dominica 13,584 13,206 15,151 14,324 17,162 18,660 23,704 26,340
Grenada 6,002 7,036 … 5,862 5,013 5,226 5,107 7,577
Montserrat 37 81 137 194 299 186 241 …
St. Kitts &
Nevis2,591 2,859 2,689 2,051 1,751 1,896 359 1,194
Saint Lucia 20,254 16,499 13,473 13,218 13,469 15,424 10,168 9,324
St. Vincent &
Gr'dines26,113 24,368 30,892 25,705 25,656 26,409 23,587 25,311
Notes Suriname became a member of the Caribbean Community and Common Market in July 1995.
… Means data not available
Source: Based on Data from the Trade Database in  the CARICOM Secretariat's Statistics SectionWT/REG92/R/B/1
G/L/359
Page 29Table 11 - Value and Percentage Change of Intra-Regional Domestic Exports by Country:  1990-1997
(US$000)
Change: 1991
Over 1990Change:  1992
Over 1991Change:  1993
Over 1992Change:  1994
Over:  1993Change:  1995
Over:  1994Change:  1996
Over:  1995Change:  1997
Over:  1996 CARICOM
COUNTRIES Value % Value % Va lue % Value % Value % Value % Value %
 CARICOM -58,091 -12.2 -575 -0.1 78,565 18.9 108,463 21.9 191,580 31.7 30,832 3.9 31,096 3.8
  MDC's -49,107 -12.5 5,296 1.5 80,832 23.2 106,343 24.8 186,557 34.8 36,297 5.0 21,870 2.9
   Barbados 251 0.5 -128 -0.2 8,308 15.6 -8,008 -13.0 19,010 35.6 13,663 18.9 1,601 1.9
   G u y a n a … … …… … … … … … … …… … …
   Jamaica -8,179 -11.6 -3,773 -6.1 -543 -0. 9 -1,895 -3.3 614 1.1 -5,763 -10.2 -6,682 -13.1
   Suriname (a) (a) 4,209 37.4 10,214 66.0
   Trinidad & Tobago -28,859 -11.3 9,197 4.0 73,067 30.9 116,246 37.5 155,669 36.5 24,188 4.2 16,737 2.8
  LDC's -8,984 -10.8 -5,871 -7.9 -2,267 -3.3 2,120 3.2 5,023 7.4 -5,465 -7.5 9,226 13.6
   Belize -1,647 -19.7 -675 -10.1 -1,279 -21.2 124 2.6 572 11.8 -830 -15.3 2,646 57.4
  OECS -7,337 -9.8 -5,196 -7.7 -988 -1.6 1,996 3.3 4,451 7.0 -4,635 -6.8 6,580 10.4
   Antigua & Barbuda -2,805 -44.6 … … … … … … … … … … … …
   Dominica -378 -2.8 1,945 14.7 -827 -5.5 2,838 19.8 1,498 8.7 5,044 27.0 2,636 11.1
   Grenada 1,034 17.2 … … … … -849 -14.5 213 4.2 -119 -2.3 2,470 48.4
   Montserrat 44 118.9 56 69.1 57 41.6 105 54.1 -113 -37.8 55 29.6 … …
   St. Kitts & Nevis 268 10.3 -170 -5.9 - 638 -23.7 -300 -14.6 145 8.3 -1,537 -81.1 835 232.6
   Saint Lucia -3,755 -18.5 -3,026 -18.3 -255 -1.9 251 1.9 1,955 14.5 -5,256 -34.1 -844 -8.3
   St. Vincent &
Gr'dines-1,745 -6.7 6,524 26.8 -5,187 -16.8 -49 -0.2 753 2.9 -2,822 -10.7 1,724 7.3
Notes: (a) Suriname became a member of the Caribbean Community and Common Market in July 1995.
… Means data not available
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 30
Table 12 - Value of Extra-Regional Domestic Exports by Country:  1990-1997
(US$000)
CARICOM
COUNTRIES1990 1991 1992 1993 1994 1995 1996 1997
CARICOM 3,395,719 3,082,026 2,959,145 2,615,899 3,228,563 4,054,320 4,006,173 4,182,142
MDC's 3,068,036 2,795,482 2,649,602 2,321,842 2,960,473 3,757,216 3,695,845 3,890,532
Barbados 73,985 69,081 81,474 74,717 79,328 97,000 128,162 122,808
G u y a n a 1 6 7 , 6 3 3…………… … …
Jamaica 1,051,578 994,352 970,099 1,000,354 1,128,172 1,331,444 1,296,130 1,309,336
Suriname 457,671 421,041 613,134
Trinidad &
Tobago1,774,840 1,732,049 1,598,029 1,246,771 1,752,973 1,871,101 1,850,512 1,845,254
LDC's 327,683 286,544 309,543 294,057 268,090 297,104 310,328 291,610
Belize 96,207 87,734 104,961 104,244 114,530 137,484 139,1'' 151,686
OECS 231,476 198,810 204,582 189,813 153,560 159,620 171,228 139,924
Antigua &
Barbuda3,421 4,450 … … … … … …
Dominica 39,167 38,246 35,710 33,303 28,873 24,890 26,280 25,012
Grenada 15,331 13,017 … 12,278 14,680 15,008 13,141 16,090
Montserrat 129 164 196 380 1,872 11,203 23,281 …
St. Kitts &
Nevis21,776 21,529 21,430 22,712 17,701 15,428 18,047 34,386
Saint Lucia 99,988 80,698 101,122 92,618 69,894 78,339 67,006 47,319
St. Vincent &
Gr'dines51,664 40,706 45,124 28,522 20,540 14,752 23,473 17,117
Notes Suriname became a member of the Caribbean Community and Common Market in July 1995.
… Means data not available
Source: Based on Data from the Trade Database in  the CARICOM Secretariat's Statistics SectionWT/REG92/R/B/1
G/L/359
Page 31Table 13 - Value of Percentage Change of Extra-Regional Domestic Exports by Country:  1990-1997
Change: 1991
Over 1990Change:  1992
Over 1991Change:  1993
Over 1992Change:  1994
Over:  1993Change:  1995
Over:  1994Change:  1996
Over:  1995Change:  1997
Over:  1996 CARICOM
COUNTRIES Value % Value % Va lue % Value % Value % Value % Value %
 CARICOM -313,693 -9.2 -122,881 -4.0 -343,246 -11.6 612,664 23.4 825,757 25.6 -48,147 -1.2 175,969 4.4
  MDC's -272,554 -8.9 -145,880 -5.2 -327,760 -12.4 638,631 27.5 796,743 26.9 -61,371 -1.6 194,687 5.3
   Barbados -4,904 -6.6 12,393 17.9 -6,757 -8.3 4,611 6.2 17,672 22.3 31,162 32.1 -5,354 -4.2
   G u y a n a … … …… … … … … … … …… … …
   Jamaica -57,226 -5.4 -24,253 -2.4 30,255 3.1 127,818 12.8 203,272 18.0 -35,314 -2.7 13,206 1.0
   Suriname (a) (a) -36,630 -8.0 192,093 45.6
   Trinidad & Tobago -42,791 -2.4 -134,020 -7.7 -351,258 -22.0 506,202 40.6 118,128 6.7 -20,589 -1.1 -5258 -0.3
  LDC's -41,139 -12.6 22,999 8.0 -15,486 -5.0 -25,967 -8.8 29,014 10.8 13,224 4.5 -18,718 -6.0
   Belize -8,473 -8.8 17,227 19.6 -717 -0.7 10,286 9.9 22,954 20.0 1,616 1.2 12,586 9.0
  OECS -32,666 -14.1 5,772 2.9 -14,769 -7.2 -36,253 -19.1 6,060 3.9 11,608 7.3 -31,304 -18.3
   Antigua & Barbuda 1,029 30.1 … … … … … … … … … … … …
   Dominica -921 -2.4 -1,536 -4.0 -3,407 -9.3 -4,430 -13.3 -3,983 -13.8 1,390 5.6 -1,268 -4.8
   Grenada -2,314 -15.1 … … … … 2,402 19.6 328 2.2 -1,867 -12.4 2,949 22.4
   Montserrat 35 27.1 32 19.5 184 93.9 1,492 392.6 9,331 498.5 12,078 107.8 … …
   St. Kitts & Nevis -247 -1.1 -99 -0.5 1,282 6 .0 -5,011 -22.1 -2,273 -12.8 2619 17.0 16,339 90.5
   Saint Lucia -19,290 -19.3 20,424 25.3 -8,504 -8.4 -22,724 -24.5 8,445 12.1 -11,333 -14.5 -19,687 -29.4
   St. Vincent &
Gr'dines-10,958 -21.2 4,418 10.9 -16,602 -36.8 -7982 -28.0 -5,788 -28.2 8,721 59.1 -6,356 -27.1
Notes: (a) Suriname became a member of the Caribbean Community and Common Market in July 1995.
… Means data not available.
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 32
Table 14 - Value of CARICOM's Total Domestic Exports, by Country, 1990-1997
(US$000)
CARICOM
COUNTRIES1990 1991 1992 1993 1994 1995 1996 1997
CARICOM 3,871,113 3,743,261 3,745,283 3,522,762 4,282,778 5,328,558 5,380,746 557,6781
3,946,476
MDC's 3,460,212 3,382,486 3,338,513 3,153,905 4,958,217 5,002,646 5,208,174
132,724
Barbados 126,958 122,304 134,569 136,121 450,464 169,406 21,431 210,478
Guyana 179,953 243,937 340,550 402,867 1,184,245 478,906 548,407 537,379
Jamaica 1,122,041 1,056,636 1,028,609 1,058,322 1,388,130 1,347,054 1,353,578
Suriname 468,935 436,515 638,821
Trinidad &
Tobago2,031,260 1,959,609 1,834,785 1,556,595 2,179,043 2,452,840 2,456,439 2,467,918
LDC's 410,901 360,775 406,770 368,857 336,302 370,341 378,100 368,607
Belize 104,549 94,428 110,980 108,984 119,293 142,920 143,706 158,937
OECS 306,352 266,347 295,790 259,873 216,909 227,421 234,394 209,670
Antigua &
Barbuda9,715 7,938 10,496 8,706 … … … …
Dominica 52,752 51,452 51,860 47,627 46,035 43,550 49,984 51,353
Grenada 21,333 20,053 18,371 18,140 19,693 20,234 18,247 23,667
Montserrat 166 245 333 574 2,171 11,389 23,523 …
St. Kitts &
Nevis24,367 24,388 24,120 24,763 19,452 17,323 18,406 35,580
Saint Lucia 120,242 97,197 114,594 105,836 83,362 93,764 77,174 56,643
St. Vincent &
Gr'dines777,777 65,074 76,016 54,227 46,196 41,161 47,060 42,427
Notes: E Estimated figure.
… Means data not available.
Suriname became a member of the Caribbean Community and Common Market in July 1995.
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 33Table 15 - Value and Percentage Change of CARICOM's Total Domestic Exports by Country, 1990-1997
(US$000)
Change: 1991
Over 1990Change:  1992
Over 1991Change:  1993
Over 1992Change:  1994
Over:  1993Change:  1995
Over:  1994Change:  1996
Over:  1995Change:  1997
Over:  1996 CARICOM
COUNTRIES Value % Value % Va lue % Value % Value % Value % Value %
 CARICOM -127,852 -3.3 2,022 0.1 -222,521 -5.9 760,016 21.6 1,045,780 0.2 52,188 1.0 196,035 3.6
  MDC's -77,726 -2.2 -43,973 -1.3 -184,608 -5.5 792,571 25.1 1,011,741 0.3 44,429 0.9 205,528 4.1
   Barbados -4,654 -3.7 12,265 10.0 1,552 1.2 -3,397 -2.5 36,682 0.3 44,825 26.5 -3,753 -1.8
   Guyana 63,984 35.6 96,613 39.6 62,317 18.3 47,597 11.8 28,442 0.1 69,501 14.5 -11,028 -2.0
   Jamaica -65,405 -5.8 -28,027 -2.7 29,713 2.9 125,923 11.9 203,885 0.2 -41,076 -3.0 6524 0.5
   Suriname (a) (a) -32,420 -6.9 202,306 46.3
   Trinidad & Tobago -71,651 -3.5 -124,824 -6.4 -278,190 -15.2 622,448 40.0 273,797 0.1 3,599 0.1 11,479 0.5
  LDC's -50,126 -12.2 45,995 12.7 -37,913 -9.3 -32,555 -8.8 34,039 0.1 7,759 2.1 -9,493 -2.5
   Belize -10,121 -9.7 16,552 17.5 -1,996 -1.8 10,409 9.6 23,527 0.2 786 0.5 15,231 10.6
  OECS -40,005 -13.1 29,443 11.1 -35,917 -12.1 -42,964 -16.5 10,512 0.0 6,973 3.1 -24,724 -10.5
   Antigua & Barbuda -1,777 -18.3 2,558 32.2 -1,790 -17.1 … … … … … … … …
   Dominica -1,300 -2.5 408 0.8 -4,233 -8.2 -1,592 -3.3 -2,485 -0.1 6,434 14.8 1,369 2.7
   Grenada -1,280 -6.0 -1,682 -8.4 -231 -1.3 1,553 8.6 541 0.0 -1,987 -9.8 5,420 29.7
   Montserrat 79 47.6 88 35.9 241 72.4 1,597 278.2 9,218 4.2 12,134 106.5 … …
   St. Kitts & Nevis 21 0.1 -268 -1.1 643 2.7 -5,311 -21.4 -2,129 -0.1 1,083 6.3 17,174 93.3
   Saint Lucia -23,045 -19.2 17,397 17.9 -8,758 -7.6 -22,474 -21.2 10,402 0.1 -16,590 -17.7 -20,531 -26.6
   St. Vincent &
Gr'dines-12,703 -16.3 10,942 16.8 -21,789 -28.7 -8,031 -14.8 -5,035 -0.1 5,899 14.3 -4,633 -9.8
Notes: … Means data not available
(a) Suriname became a member of the Caribbean Community and Common Market in July 1995.
Source: Based on data from the Trade Database in the CARICOM Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 34
Table 16 - Manufacturing Sector Share of GDP for CARICOM Countries
at Current Market Prices:  1996-1997
% Share
CARICOM Countries 1996 1997
Antigua & Barbuda 2.2 2.2
Bahamas … …
Barbados 6.1 6.3
Belize 13.7 13.8
Dominica 7,3 6,3
Grenada 6.8 6.5
Guyana 10.3 11.5
Jamaica 16.7 16.3
Montserrat 6.0 3.7
St. Kitts and Nevis 10.3 10.1
St. Lucia 6.8 6.5
St. Vincent and the Grenadines 8.4 8.1
Suriname … …
Trinidad & Tobago 17.7 18.6
Average for 12 CARICOM Countries 9.3 9.2
Table 17 - Agriculture Sector Share of GDP for CARICOM Countries
at Current Market Prices:  1996-1997
% Share
CARICOM Countries 1996 1997
Antigua & Barbuda 3.8 4.1
Bahamas … …
Barbados 6.2 4.9
Belize 17.1 15.6
Dominica 20.8 20.5
Grenada 8.8 8.3
Guyana 38.9 35.8
Jamaica 8.3 8.0
Montserrat 5.0 1.1
St. Kitts and Nevis 5.2 5.1
St. Lucia 9.0 8.0
St. Vincent and the Grenadines 12.7 10.4
Suriname … …
Trinidad & Tobago 1.8 1.6
Average for 12 CARICOM Countries 11.5 10.3
Note: … Means data not available
Data for Belize refers to mining only.
Source: Based on data from the National Accounts Database in the CARICOM
Secretariat's Statistics Section.WT/REG92/R/B/1
G/L/359
Page 35
Table 18 - Mining and Quarrying Sector  Share of GDP for CARICOM Countries
at Current Market Prices:  1996-1997
% Share
CARICOM Countries 1996 1997
Antigua & Barbuda 1.7 1.7
Bahamas … …
Barbados 0.6 0.6
Belize 0.6 0.6
Dominica 0.9 0.9
Grenada 0.5 0.5
Guyana 18.9 17.5
Jamaica 5.9 5.6
Montserrat 1.0 1.3
St. Kitts and Nevis 0.3 0.3
St. Lucia 0.4 0.5
St. Vincent and the Grenadines 0.3 0.3
Suriname … …
Trinidad & Tobago 13.7 12.5
Average for 12 CARICOM Countries 3.7 3.5
Note: … Means data not available.
Data for Belize  refers to mining only
Source: Based on data from the National Accounts Database in the CARICOM
Secretariat's Statistics Section.
__________