What does CARIFTA mean in REGIONAL
CARIFTA is an acronym that stands for the Caribbean Free Trade Association. This organization was established in 1965 in order to promote economic integration, development and cooperation among the nations of the Caribbean region. The organization has been successful in providing a platform for signatory countries to discuss their various trade initiatives and issues, as well as providing a forum for regional negotiations.
CARIFTA meaning in Regional in Regional
CARIFTA mostly used in an acronym Regional in Category Regional that means Caribbean Free Trade Association
Shorthand: CARIFTA,
Full Form: Caribbean Free Trade Association
For more information of "Caribbean Free Trade Association", see the section below.
Essential Questions and Answers on Caribbean Free Trade Association in "REGIONAL»REGIONAL"
What is CARIFTA?
CARIFTA stands for the Caribbean Free Trade Association. It is an organization that was established in 1965 with the goal of promoting economic integration, development and cooperation among nations in the Caribbean region.
How many countries are involved in CARIFTA?
Currently, there are 20 signatory nations that participate in CARIFTA activities. These include Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname and Trinidad and Tobago.
What type of initiatives does CARIFTA pursue?
The main objective of CARIFTA is to promote increased economic integration between all member states by facilitating free trade agreements within the region. The organization also engages in various social initiatives such as poverty alleviation programs and sustainable resource management initiatives. Additionally it provides assistance related to research projects focused on further developing industries within member states.
How does CARIFTA provide support to its members?
CARIFTA provides support to its members through various means including technical assistance on matters related to trade policy formulation through training programs and seminars; monitoring compliance with international standards; strengthening regional institutions; advocating for better market access; enhancing competition policy reform; providing information on trade policies and regulations; negotiating mutual recognition agreements; encouraging cross border investments; and addressing legal obstacles hindering intra-regional trade.
What other organizations work alongside CARIFTA?
In addition to working alongside fellow Caribbean nations under the banner of CARICOM (the Caribbean Community) which promotes regional cooperation across 14 countries in the region; CARIFTA also works closely with other major international organizations such as World Trade Organization (WTO), United Nations Conference on Trade & Development (UNCTAD), Organisation of Eastern Caribbean States (OECS) etc.,
Final Words:
In conclusion it can be seen that through its strategic framework of creating greater opportunities for regional integration via improving competitiveness and deepening regional markets that Carifta's primary goal has been realized over the past decades. As it strives towards furthering economic cooperation amongst its members this well established organisation continues to be a major player when it comes to promoting free-trade within the region.