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CARIFTA
Members, Aims, Achievements
Author:
Syed Ali
Edu Level: CSEC
Date: Aug 21 2025 - 2:22 PM
⏱️Read Time: 1 min
CARIFTA – Caribbean Free Trade Association (1968-1973)
Member States
- Trinidad and Tobago
- Jamaica
- Barbados
- Antigua and Barbuda
- Dominica
- Grenada
- Montserrat
- St. Kitts, Nevis, and Anguilla
- St. Lucia
- St. Vincent and the Grenadines
- Belize
- Guyana
Aims of CARIFTA
- Promote economic and social development in the region through free trade among member states.
- LID Goal – Liberalize, Increase, and Diversify regional trade.
- Remove customs duties, taxes, and licensing restrictions that hindered trade between territories.
Achievements
- Fostered functional cooperation beyond economics, in areas such as education, legal affairs, shipping, air transportation, and public health.
- Opened the region to free trade, removing many trade barriers.
- Provided access to larger markets, boosting trade volume and economic growth.
- Introduced the CARIFTA Games, encouraging regional unity through sports.
- Established CARIFESTA, an annual festival celebrating Caribbean culture, arts, and products, fostering regional pride.
- Created the Caribbean Development Bank (CDB) to promote and finance economic integration projects.
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