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what are the objectives of carifta
Specifically, [ CARIFTA was intended to encourage balanced development of the Region by: • increasing trade - buying and selling more goods among the Member States • diversifying trade - expanding the variety of goods and services available for trade • liberalising trade - removing tariffs and quotas on goods produced and traded within the area • ensuring fair competition - setting up rules for all members to follow to protect the smaller enterprises In addition to providing for free trade, the Agreement sought to: • ensure that the benefits of free trade were equitably
distributed • promote industrial development in the LDCs • promote the development of the coconut industry (through an Oils and Fats Agreement) which was significant in many of the LDCs • rationalise agricultural production but in the interim, facilitate the marketing of selected agricultural products of particular interest to the LDCs (through the Agricultural Marketing Protocol); and • provide a longer period to phase out customs duty on certain products which were more important for the revenue of the LDCs. source: ]
Expert answered|sharpies|Points 7429|
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Asked 4/21/2012 8:47:01 AM
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