CARICOM Secretary General, Ambassador Irwin LaRocque, is of the view that the CARICOM Single Market and Economy (CSME) is still the most viable way for sustainable development in the region.

Speaking at the opening ceremony of the 38th Regular Meeting of the CARICOM Conference of Heads of Government yesterday evening in Grenada, LaRocque said the task now is to ensure the private sector fully utilizes its provisions.

Citing results from an Inter-American Development Bank study, the CARICOM Secretary-General explained that if the region addressed challenges associated with regional transportation, inter-regional trade could be doubled.

This, he said would have a positive effect on competitiveness and external trade as well as Member States’ ability to attract investment.

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