There will also be the equal right to buy shares in any company in any Member State and the right to remove your capital from one Member State to another. Envisaged under the CSME are the easy convertibility of our Region's currencies and the coordination of exchange and interest rate policies.
The free movement of capital will allow firms to have access to a wider market for raising needed capital at competitive rates, thus allowing for the productive sectors to become more competitive both regionally and internationally. The free movement of capital will allow investors to diversify portfolios regionally and to share in the best performing firms only if these firms have gone public across the Region.
The movement of capital across the Region will result in increased investment opportunities and will promote investment. Envisaged under the CSME too is the development of a regional capital market which would facilitate the free movement of capital. This will increase the attractiveness of the Region as an area for the investment both by regional and non-regional investors.
Removal of restrictions will encourage intra-regional investments in both real and financial assets by reducing risk and uncertainty over the ownership of real property, thus aiding in the development of the regional stock exchange. In fact, on average, approximately two-thirds of economic activity measured by national output stem from household consumption.
The extent to which just under 15 million consumers are able to engage, with confidence, suppliers in their own jurisdiction as well as the rest of the region, will play an important role in shaping how well the regional market functions and meets the needs of the region. The Revised Treaty of Chaguaramas in Part Two of Chapter Eight has played an important part in determining the rules of engagement and goes beyond the legal arrangements governing a number of other trade arrangements.
You can even submit your question to add to the FAQs! The student missions project is extremely valuable. It made me realize that there were trade opportunities within the region and it was easier to do business than I previously thought. The whole idea of the visit was to expose them to the CSME arrangements with respect to a number of areas and most importantly we want them to understand that there are opportunities out there for them.
I feel empowered and privileged to be in a position to go back to my individual media house and set the agenda with my news team as to our responsibility and role in disseminating information on CSME.
Domestic Workers and Artisans have been granted the right to move and work without a work permit for at least six years, and provisions are still not in place to make that possible in every country.
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