CARICOM launches online platforms to facilitate intra-regional trade, business

The Caribbean Community (CARICOM) Secretariat says CARICOM’s development of a Single Market and Economy (SME) has been given a boost with the launch of 4 new online platforms aimed at promoting trade and improving the ease of doing business.

The Secretariat revealed that it has launched the CARICOM Online Companies Registries; Labor Market Information System; Community Public Procurement Notice Board; and the CARREX Platform and Online Public Portal.
It said the CARICOM Online Companies Registries provide a region-wide electronic platform for online name searches and name reservation, business and company registration, public access to records, e-payment and e-signature, among other features.

It will also facilitate a better overview of the prevailing business climate in the region, helping for example, to identify areas of saturation, those with growth potential, and even the role of the informal economy.

The Secretariat said that the development of this platform required automating the more than half of the national company registries in CARICOM which were still paper based.
Upgrading those already automated, and providing a functioning web software/ application information system. It said with the Labor Market Information Systems there is now a central depository for data on the labor markets in participating CARICOM Member States.

“This allows for better matching of skills with available positions at the regional level, and will thus facilitate movement of skills in the region and better management of labour migration within the Single Market and Economy (CSME).”

Source: CARICOM Secretariat