Caribbean 360 is reporting that the Caribbean Community (CARICOM) has begun working towards creating a unified framework within which companies and other businesses can be established and operate in the CARICOM Single Market and Economy (CSME). A consultancy group has been appointed to oversee the project along with Agricultural Economics, Sociology and Education (AESE).
The author writes:
“CARICOM heads are striving to ensure that the rules for establishing and operating businesses in one country apply throughout the CSME. The two year consultancy started last month, with funding through the 10th European Development Fund and is expected to be completed by July 2016.”
In addition to streamlining business rules, the initiative hopes to regulate competition, strengthen consumer protection and to create a structure for start-ups.
Read more at Caribbean 360.