CARIBBEAN-Martinique signs CARICOM Accession Agreement

0
266

BRIDGETOWN, Barbados, CMC – The Chairman of the Caribbean Community (CARICOM), the Prime Minister of Barbados, Mia Mottley, on Thursday, signed an agreement with the President of the Territorial Collectivity of Martinique (CTM), Serge Letchimy, for the French Caribbean territory’s accession to the regional body.

“This signing marks a historic milestone in Martinique’s long journey toward regional integration, following its official request to join CARICOM over a decade ago. However, the final stage of ratification – the Protocol on Privileges and Immunities approval by the French National Assembly – must still be completed before Martinique can officially become an Associate Member.”

According to CARICOM, Martinique’s accession presents a unique opportunity to strengthen exchanges between the French territory, which is an integral part of the European Union, and the 21 CARICOM countries and territories (both Members and Associate Members), which encompass approximately 18 million people.

With its new status, Martinique will be positioned to develop joint projects in key economic sectors, including health care, education, transport, and disaster risk management. This will further establish it as a strategic bridge between the Caribbean and Europe.

“Becoming an Associate Member of CARICOM is a key step in Martinique’s broader ambition for regional integration. The French territory has previously attained Associate Member status with the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) in 2012, the Association of Caribbean States (ACS) in 2014, and the Organization of Eastern Caribbean States (OECS) in 2015.”

Martinique’s accession to CARICOM brings several significant benefits for the region, including expanding access to Caribbean and European markets while diversifying business opportunities, facilitating professional and academic exchanges for Caribbean consultants and students, and boosting exchanges with neighboring territories to reinforce Caribbean culture, sports, and regional tourism.

LEAVE A REPLY

Please enter your comment!
Please enter your name here