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The OECS Economic Union

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OECS Heads of Government decided at the 34th meeting of the Authority held in Dominica in July 2001 to deepen economic integration by creating an economic union.

The 35th meeting of the Authority held in Anguilla at the end of January 2002 endorsed the main elements of an economic union implementation project prepared by the Secretariat and for which financing has been secured from the government of Libya amounting to US$1 million, following a visit to that country by a number of OECS Heads of Government in August 2001.
AT A GLANCE
OECS Economic Union Series
Communique of the 35th meeting of the Authority

The project is expected to be implemented over a period of 2 years. Seven of the nine member states of the OECS i.e. Antigua and Barbuda , Dominica , Grenada , Montserrat, St.Kitts and Nevis, St.Lucia and St. Vincent and the Grenadines are participating in the economic union initiative. Anguilla and the British Virgin Islands the two remaining member states have requested time for further consideration.

The rationale for the establishment of an economic union is anchored in an acceptance of the fact that the development challenges the micro- states of the OECS face as a result of globalisation and trade liberalization can only be effectively addressed through the creation of a single economic space which facilitates the free movement of people, goods, services and capital and as a result economic diversification and growth , greater export competitiveness and more employment and human resource development. OECS governments and people have become more and more aware of this reality after 21 years of regional integration. ( June 18th 2002 marks the 21st anniversary of the founding of the OECS).

With respect to freedom of movement it was agreed at the 35th meeting that the 6 independent member states along with Monsterrat would enact the requisite legislation on 12th March 2002 and that citizens of the participating countries ,except prohibited immigrants, shall be allowed to enter and remain in these countries for a period of 6 months. Matters relating to exemption for citizens from work permits and Aliens Landholding Licences are still to be addressed although Dominica, Grenada, St.Lucia and St.Vincent and the Grenadines agreed to enact legislation for waiver of these licences on a reciprocal basis.

Acceptable travel documents it has been agreed for use by OECS nationals are valid Drivers Licences , Social Security Cards, and Voters Registration Cards with photographs and which are valid at the time of entry. A simplified immigration form will be adopted to facilitate travel under the initiative.

A common OECS passport will be adopted on 1st January 2003 but will not be issued to Economic Citizens within the OECS.

So far (11th April 2002) 4 member states have amended their Immigration Acts for facilitation of travel i.e. Grenada,St.Kitts and Nevis,St.Lucia and St.Vincent and the Grenadines. The remaining three will do so in the near future.

A public awareness and education programme is to be launched throughout the OECS region using the services of a public relations firm or firms to raise awareness and understanding among all sectors of the OECS population of the various measures to be implemented and respond to specific concerns. High visibility for the integration process is a key objective.

A number of technical studies will also be executed in connection with the economic union initiative to inform policy formulation and the designing of appropriate implementation strategies.

 
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