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Context
The Prime Minster of India co-chaired the 2nd India-CARICOM Summit, along with PM Dickon Mitchell of Grenada, the current chair of CARICOM.
About 2nd India-CARICOM Summit
- During the summit, Prime Minister Modi proposed 7 key pillars to strengthen ties between India and CARICOM.
- The seven pillars listed by Modi also form the acronym C-A-R-I-C-O-M. They are Capacity Building, Agriculture and Food Security, Renewable Energy and Climate Change, Innovation, Technology and Trade, Cricket and Culture, Ocean Economy and Medicine and Healthcare.
- The 1st CARICOM-India Summit took place in 2019 on the sidelines of the 74th Session of the United Nations General Assembly (UNGA).
About The Caribbean Community (CARICOM)
- It is a political and economic union of 15 member states and 6 associate members in the Caribbean, Atlantic Ocean and Americas.
- Member states: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname and Trinidad and Tobago.
- It was established through The Treaty of Chaguaramas in 1973.
- Chairmanship of the Community is rotated every 6 months among the member countries’ Heads.
Main Goals: Promote economic integration and cooperation, Ensure equitable sharing of the benefits of integration and Coordinate foreign policy.