Extraordinary And Plenipotentiary Diplomatist diplomatist vol-7 Issue -9 sep 2019 | Page 10

AREAS OF COOPERATION BETWEEN CARIBBEAN COMMUNITY (CARICOM) AND INDIA BY PRITI SINGH* T he small states of the Caribbean, given their size and location have a very unique set of problems compared to the rest of the Latin American countries—be it economic, environmental or energy related. Their limited domestic market makes these economies reliant on export revenues and their openness to trade makes them vulnerable to fl uctuations of the international markets. Natural disasters and climate change given their location add a new dimension to their security concerns. These states have thus learnt to be innovative in order to survive. The Caribbean region has a long history of regional cooperation and efforts towards the integration of their economies along with attempts to increase their combined voting power in multilateral organizations. The Caribbean Community (CARICOM) often claimed as the most viable alternative for substantial regional progress, came into being by the Treaty of Chaguaramas in Trinidad and Tobago in July 1973 after attempts at a Caribbean Free Trade Agreement in the 1960s (CARIFTA). CARICOM comprises 15 members which include Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago, the Bahamas, Haiti and Suriname. It was the result of eff orts made to formally resolve the 10 • Extraordinary and Plenipotentiary Diplomatist • Vol 7 • Issue 9 • September 2019, Noida