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COTED AGREES TO EXTEND PROVISION OF A KEY ARTICLE IN THE REVISED TREATY OF CHAGUARAMAS
January 17, 2006

CARICOM’s Council for Trade and Economic Development (COTED) has agreed to extend the provisions of a key article of the Revised Treaty of Chaguaramas to include three more products to the protected list for the Less Developed Countries (LDC) of the Community.

The decision was taken at the 20th meeting of the organization in Guyana last week.

Under Article 164 of the Treaty, which is designed to promote industrial development particularly in the LDCs, some products manufactured in those countries are given temporary preferential treatment within the Community. The list has been increased to include water, malt and animal feed.

This Article, along with the regional Development Fund to assist Disadvantaged Countries, Regions and Sectors is particularly important to the LDCs in respect of the operation and functioning of the Single Market.

The COTED also advanced work on establishing key institutions to support the functioning and operation of the Single Market. These include the Regional Competition Commission, the Regional Accreditation Body and the Caribbean Food Health and Safety Agency.

Minister of Foreign Affairs, International Trade, Industry and Commerce, Dr. Hon. Timothy Harris represented the Federation at that meeting.


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