The Caribbean Community (CARICOM) comprises Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St Vincent and the Grenadines, Suriname, and Trinidad and Tobago. As a member of CARICOM, Barbados products have a duty free access to the other CARICOM countries.

The regulatory framework of the Caribbean Community CARICOM is being transformed in an effort to become more competitive within the changing world environment. CARICOM is being transformed from a Common Market to a Single Market and Economy (CSM&E). In other words the states of CARICOM are forming an economic union. The essential characteristics of this economic union will be the free movement of goods, services, capital and labour. The entry into force of this economic union will fundamentally alter the way in which we live and conduct business.

The Treaty of Chaguaramas by which CARICOM was formed is being amended by nine Protocols which provide the legal framework for the establishment of the single market and economy.

These nine Protocols clearly state the rules under which related activity should take place within the single market. These are:

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Protocol I	Organs, Institutions and Procedures
Protocol II	Establishment, Services, Capital
Protocol III	Industrial Policy
Protocol IV	Trade Policy
Protocol IX	Rules of Competition
Protocol V	Agricultural Policy
Protocol VI	Transport Policy
Protocol VII	Disadvantages Countries, Regions and Sectors
Protocol VIII	Dispute Settlement

However, these Protocols will not change the fundamental status of the Caribbean Community, as it will remain an association of sovereign states. For more information, visit the website http://www.caricom.org.