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Picture Courtesy: https://www.financialexpress.com/india-news/india-and-caricom-bolster-ties-in-second-joint-commission-meeting/3658987/
The second India-CARICOM Joint Commission meeting was held virtually to review and strengthen the India-CARICOM relationship.
CARICOM (Caribbean Community and Common Market) was established in 1973 through the Treaty of Chaguaramas in Trinidad and Tobago.
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India started its relationship with CARICOM as a group after developing bilateral ties with individual Caribbean countries.
In 2003, a CARICOM delegation visited India, during this visit, an agreement was signed to establish a Standing Joint Commission on Consultation, Cooperation, and Coordination between India and CARICOM.
The first meeting of the India-CARICOM Joint Commission was held in Guyana in 2015. It aimed to improve cooperation in areas such as trade, capacity building, and regional integration. The participating countries discussed collaboration in health, education, agriculture, and disaster management.
During the Third India-CARICOM Ministerial Meeting in 2017, India committed US$ 200,000 in emergency aid to CARICOM countries affected by hurricanes. India also offered $2 million from the India-UN Partnership Fund for rehabilitation projects in CARICOM countries.
India announced assistance to CARICOM nations at the First India-CARICOM Summit in 2019
The India-CARICOM Joint Commission meeting discussions focused on key areas such as economic cooperation, renewable energy, education, and infrastructure development. Both sides agreed to expand their cooperation in these areas to promote mutual growth and development.
The meeting focused on strategic areas, including:
Strengthening ties with CARICOM aligns with India's overall strategy of deepening relationships with countries in the Global South.
By participating in CARICOM, India promotes regional development, democratic values, and collaboration on issues such as climate change, renewable energy, trade, and disaster management. It will also help India in increasing its influence in the Caribbean and promote collaborative initiatives that promote global stability and shared growth.
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PRACTICE QUESTION Q.Consider the following statements in the context of the CARICOM: 1. It is a political and economic union of African Nations. 2. It was established by the Treaty of Chaguaramas. Which of the above statements is/are correct? A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2 Answer: B Explanation: Statement 1 is incorrect: CARICOM (Caribbean Community and Common Market) is a political and economic union of 15 member states (14 nation-states and one dependency) and five associate members from the Americas, Caribbean, and Atlantic Ocean. Statement 2 is correct: The Caribbean Community (CARICOM) aims to promote economic integration and cooperation among its members, ensure that the benefits of integration are distributed equitably, and coordinate foreign policy. The organization was formed in 1973 when its four founding members signed the Treaty of Chaguaramas. |
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