Benefits of CPSO Participation – CPSO
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Benefits of CPSO Participation

Objective Benefits of Participation and Involvement in the CPSO

  • Advocacy/Representation at the national, regional and community levels.
  • Participation in strategic work and decisions of the Councils, Bodies and Organs of the Community related to the four ‘freedoms’ – (COTED,COHSOD etc.).
  • ‘Pooling’ of private sector interest in pursuit of financing for strategic initiatives, including support to the ‘Strategic Project Investment Facility (SPIF)’.
  • Private sector participation in the development of the Community’s institutional architecture, institutional legal norms and capacity critical to the functioning of the CSME (e.g. FDA-type Institution). 
  • Targeted focus on realizing the possibilities inherent in the full freedom of movement of labour, within the shortest possible timeframe.
  • Better coordination and facilitation among regional private sector entities on priority policies, measures, interventions, and projects related to the CSME.  
Jerome Walcott signs agreement

Expected Concrete Outcomes of Participation and Involvement in the CPSO

  • Through Advocacy and ‘Joined-Up’ action, increased opportunities for overcoming bottlenecks to ‘Doing Business’, investments, intra-regional trade, and movement of key factors necessary for enabling business opportunities.
  • Through relationship building and networking, expansion of value chains and value networks.
  • Enhanced competitiveness through support to critical ‘missing/nascent’ infrastructure/components of regional ‘trade corridors’.
  • Provision of and access to Resolution Reference Services to resolve disputes among members of the CARICOM Private Sector in respect of issues related to CSME events.
  • Elimination of Non-Tariff Barriers to Trade (NTBs) and administratively burdensome practices that impede trade and investment in the CSME. 
  • Undertaking of specialized technical research to bolster private sector positions on issues relating to private sector trade and investment (goods, services, capital and labour, rules-related regimes (i.e. government procurement, contingent rights).