Port-of-Spain, Trinidad - On November 6, 2018 Antigua and Barbuda and Grenada will go to the polls to vote in a referendum to determine whether to replace the Privy Council with the Caribbean Court of Justice (CCJ).
Despite calls from the Opposition Parties in Antigua and Barbuda, and Grenada to reject the CCJ, the Caribbean Association of Industry and Commerce (CAIC), encourages the electorate to choose the CCJ. In this regard, a strong regional court, in the form of the CCJ, will strengthen the Caribbean Single Market and help more Caribbean companies to build global business models, and advance the Caribbean as a self-sufficient, self-reliant and mature region.
The CAIC has already signed a Memorandum of Understanding with OHADAC, which seeks to advance the harmonisation of business law in the Caribbean. The CAIC also represents the private sector on the CCJ Trust Fund, as well as it sits as an observer to the Working Group of the United Nations Commission on International Trade Law (UNCITRAL). These representations and lobbies are in line with the strategic vision of the CAIC to build more sustainable, value adding and global enterprises that have strong business ethos.
As a region, we attempt to break the mental bonds of colonisation and while we have faith in and have modelled our governing, legal and judicial institutions after the British systems, we have to adapt these frameworks to be relevant and add value to the Caribbean we have become whilst looking to the future.