The celebration of Caricom Day is the chosen day when some countries of the Caribbean Community (CARICOM) officially recognize the date of commemoration of the signing of the Treaty of Chaguaramas, the agreement with which CARICOM was founded on July 4, 1973. The contract was signed in Chaguaramas, Trinidad and Tobago by the leaders of Barbados, Guyana, Jamaica and Trinidad and Tobago at the time. CARICOM Day is recognized as an official holiday in Guyana, where the secretariat sits, and is celebrated on the first Monday in July. The government of Antigua and Barbuda has also implemented CARICOM Day as a public holiday. Caricom currently has 15 full members, 5 associate members and 8 observers. All associate members are from British overseas territories and the role of associate members is not defined at this time. Observers are states that set up at least one of CARICOM`s technical committees. Although the group has close relations with Cuba, the nation has been excluded due to the lack of a comprehensive internal democratic political agreement. [Citation required] In 2017, the Bloc of the Republic of Cuba and the Caribbean Community (CARICOM) signed the Caricom-Cuba Trade and Economic Cooperation Agreement[18] to facilitate closer relations.

Since 2013, the CARICOM bloc and the Dominican Republic have been linked to the European Union by an economic partnership agreement signed in 2008, known as Cariforum. [35] The Treaty grants identical trade and investment rights to all members of the European Union and the Cariforum. In accordance with Article 234 of the agreement, the European Court of Justice is considering the settlement of disputes between cariforum and the states of the European Union. [36] Caricom, originally a Caribbean community and common market, was founded by the Treaty of Chaguaramas,[31] which came into force on 1 August 1973. The first four signatories were Barbados, Jamaica, Guyana and Trinidad and Tobago. Caricom accepted the Commission`s recommendations and opened dialogue with other Caribbean states, Central American states and Latin American nations Colombia, Venezuela and Mexico, which border the Caribbean, for consultation on the Proposals of the West India Commission. [53] Barbados is home to a large population of the Guyanese diaspora, of which 5,032 (in 2005) lived permanently as citizens, permanent residents, immigrants (with immigration status) and Caricom; 3,200 lived temporarily in Barbados under work permits, as students or with «resident and work status». An estimated 2,000 to 3,000 Guyanese were living illegally in Barbados at the time. [46] Migration between Barbados and Guyana has deep roots and dates back more than 150 years, the most intense period of Barbadian migration after British Guiana between 1863 and 1886, although Barbados left Barbados for British Guiana in the 1920s and 1930s. [47] A second article entitled My CARICOM came from Jamaican Adiel Thomas,[27] who won 5,000 $US[29] and a song with third place titled One CARICOM by Carmella Lawrence of St.