The logic of the Caribbean Community (Caricom) is impeccable. As well known as the Caribbean countries are in cultural terms - beaches, food, music - they are fairly insignificant in global economic terms. Even adding them all together, their populations, trade and output make up less than 1% of the world totals.
Growing out of the Caribbean Free Trade Association, Caricom was established by the Treaty of Chaguaramas in 1973. In 1989, the decision to launch the Caricom Single Market and Economy (CSME) was taken.