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Caricom launches online platforms for trade, doing business

Tuesday, October 03, 2017

GEORGETOWN, Guyana (CMC) — The Guyana-based Caribbean Community (Caricom) Secretariat says Caricom's development of a Single Market and Economy (SME) has been given a boost with the launch of four new online platforms aimed at promoting trade and improving the ease of doing business.

The Secretariat said with support from the European Union, it has launched the Caricom Online Companies Registries; Labour 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 regionwide 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 Labour Market Information Systems there is now a central depository for data on the labour 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).”

The Secretariat said the Community Public Procurement Notice Board should help both the private sector and governments by facilitating the exchange of information on procurement opportunities and contract awards.

The Caricom Rapid Alert System for Dangerous (non-food) Consumer Goods (CARREX) Platform and Online Public Portal should help business-customer relations by serving as a source of public information on dangerous non-food consumer goods that pose serious risks to the health and safety of consumers.