CARICOM to harmonise Caribbean business rules
The Caribbean Community (CARICOM) has started work towards creating a harmonized framework within which companies and other businesses can be established and operate in the CARICOM Single Market and Economy (CSME), according with Caribbean 360.
CARICOM Heads are striving to ensure that the rules for establishing and operating businesses in one country apply throughout the CSME.
In addition to the Single Jurisdiction, the project will also strengthen the framework for regulating competition, strengthen consumer protection and create the structure for companies from startup to bankruptcy.
It is expected that systems and practices for business complaints administration and determination of competition disputes will be put in place through the training of staff of national competition authorities.
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