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OECS Heads Examines Draft Economic Union Treaty


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Monday, November 07, 2005 - Moves at further deepening economic integration of the sub-region have topped the agenda for talks, at the 42nd Meeting of the OECS Authority underway in Anguilla. The two-day meeting ends Tuesday, November 8th and will see the Heads discussing a draft OECS Economic Union Treaty, which when adopted, will replace the existing Treaty of Basseterre and will speak more directly to the creation of an Economic Union in the OECS sub-region.
 
They will also deliberate on matters concerning OECS Member States’ implementation of arrangements for the CARICOM Single Market and Economy, (CSME) and the associated Regional Development Fund. The Heads will discuss proposals for reform of the Magistrates Courts in the sub-region; the role and functions of Directors of Public Prosecution; and the OECS Legal and Judicial Affairs Commission.
 
There will be a presentation to the meeting highlighting the benefits to the sub-region’s yachting sector from the recent joint participation by the nine OECS Member States in the Grand Pavois Boat show in La Rochelle, France.  The OECS participated as Guest of Honour under the theme, ‘Many Islands One Sea’ and secured new business opportunities for marinas, yacht charter companies, and the manufacturers and suppliers of goods and services.
 
The Meeting will also receive updates on the work of the OECS Regional Coordinating Mechanism for HIV/AIDS; the OECS Regional Prison Service, which is proposing options for alternative non-custodial sentencing in the sub-region; the transition process from Sugar in St. Kitts/Nevis; and recent developments in the banana trade.
 
The current Chairman of the OECS Authority is Prime Minister Honourable Dr. Ralph Gonsalves of St. Vincent and the Grenadines.


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