CARICOM meaning in Community ?

The Caribbean Community (CARICOM or CC) is an intergovernmental organisation of 15 member states (14 nation-states and one dependency) throughout the Caribbean having primary objectives to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and to coordinate foreign policy. The organisation was established in 1973. Its major activities involve coordinating economic policies and development planning; devising and instituting special projects for the less-developed countries within its jurisdiction; operating as a regional single market for many of its members (Caricom Single Market); and handling regional trade disputes. The secretariat headquarters is in Georgetown, Guyana. CARICOM is an official United Nations Observer beneficiary.

CARICOM was established by the English-speaking parts of the Caribbean, and currently includes all the independent anglophone island countries plus Belize, Guyana and Montserrat, as well as all other British Caribbean territories and Bermuda as associate members. English was its sole working language into the 1990s. The organization became multilingual with the addition of Dutch-speaking Suriname in 1995 and the French- and Haitian Creole-speaking Haiti in 2002. Furthermore, it added Spanish as the fourth official language in 2003. In July 2012, CARICOM announced that they were considering making French and Dutch official languages. In 2001, the heads of government signed a revised Treaty of Chaguaramas that cleared the way to transform the idea of a common market CARICOM into a Caribbean (CARICOM) Single Market and Economy. Part of the revised treaty establishes and implements the Caribbean Court of Justice.