Correct Answer - Option 2 : 1973
The Treaty of Chaguaramas established the Caribbean Community and Common Market, later known as CARICOM.
- It was signed on July 4, 1973, in Chaguaramas, Trinidad and Tobago.
- It was signed by Barbados, Guyana, Jamaica, and Trinidad and Tobago.
- It came into effect on 1 August 1973.
- The treaty also established the Caribbean Community including the Caribbean Single Market and Economy, replacing the Caribbean Free Trade Association which ceased to exist on 1 May 1974.
- In addition to economic issues, the Community instrument addressed issues of foreign policy coordination and functional cooperation.
- Issues of economic integration, particularly those related to trade arrangements, were addressed in the CSME Annex.
Thus, we can conclude that the Treaty of Chaguaramas was signed in 1973 by the independent islands of the West Indies to establish joint authorities.
