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AN UPDATE ON DOMESTIC
REGULATIONS FOR THE
PROVISION OF PROFESSIONAL
SERVICES IN THE
CARICOM SINGLE MARKET AND
ECONOMY
3RD MANAGEMENT CONSULTING
SYMPOSIUM 28-29 JUNE 2011.
DEFINITIONS and CONCEPTS
•DEFINITIONS OF A PROFESSIONAL
A Professional is a person who provides a service in
exchange for payment in accordance with established
protocols for licensing, ethics, procedures, standards of
service and training.
A professional is a member of a licensing body which is
legally established within the laws of a given state, county,
province or nation.
CLASSIFICATION OF MANAGEMENT
CONSULTING SERVICES
• General Management Consulting Services
• Financial Management Consulting Services
• Human Resources Management Consulting Services
• Marketing Management Consulting Services
• Production Management Consulting Services
• Other Management Consulting Services
• Public Relations Services
• Other Business Consulting Services
• Other Management Services except construction project
mangement services
OBJECTIVES
• TO INCREASE THE INTERNATIONAL COMPETITIVENESS
OF THE MANAGEMENT CONSULTANTS OF THE CARIBBEAN
COMMUNITY
• TO OPERATIONALISE A SINGLE SPACE FOR CONSULTING
SERVICES WITHIN THE CARICOM SINGLE MATRKET AND
ECONOMY.
GUIDING PRINCIPLES
ALL COUNTRIES HAVE A RIGHT TO
ESTABLISH THE QUALIFICATION
REQUIREMENTS AND PROCEDURES,
TECHNICAL STANDARDS, AND
LICENSING REQUIREMENTS WITH
RESPECT TO THE PROVISION OF
SERVICES IN THEIR MARKET
THE DOMESTIC REGULATIONS ARE
FOR ALL PERSONS, DOMESTIC AND
FOREIGN, WORKING IN THE CARICOM
SINGLE MARKET AND ECONOMY
(CSME)
FREE MOVEMENT APPLIES TO ALL
CARICOM NATIONAL. THE
NATIONALS OF THIRD COUNTRIES DO
NOT HAVE A RIGHT TO FREE
MOVEMENT IN THE SINGLE SPACE.
FEATURES OF THE BILL
•DEFINITIONS
•ESTABLISHMENT OF THE COUNCILS
•FUNCTIONS AND POWERS
•REGISTRATION AND LICENSING
•DISCIPLINE
•OFFENCES AND PENALTIES
RECENT DEVELOPMENTS
•THE COUNCIL FOR TRADE AND ECONOMIC
DEVELOPMENT (COTED) HAS APPROVED ELEVEN
ELEMENTS OF THE REGIONAL STRATEGIC PLAN
FOR SERVICES :-
• GOALS
•EXTERNAL ENVIRONMENT
•CONSTRAINTS
•POLICY FRAMEWORK
•LEGISLATIVE FRAMEWORK
RECENT DEVELOPMENTS CONT’D
• INCENTIVES
•HUMAN RESOURCE REQUIREMENTS
•FINANCIAL REQUIREMENTS
•TECHNOLOGICAL NEEDS
•CROSS-SECTORAL LINKAGES
•OTHER
RECENT DEVELOPMENTS CONT’D
•THE COTED HAS ALSO APPROVED THE
FOLLOWING SECTORS AS PRIORITY :• FINANCIAL SERVICES
•ICT
•PROFESSIONAL SERVICES
•EDUCATION SERVICES
•TOURISM SERVICES
•HEALTH AND WELLNESS SERVICES
•CULTURAL, ENTERTAINMENT AND
SPORTING SERVICES
RECENT DEVELOPMENTS CONT’D
•THE COTED HAS ESTABLISHED THE FOLLOWING
ADMINISTRATIVE ARRANGEMENTS FOR THE
PREPARATION OF THE REGIONAL STRATEGIC
PLAN FOR SERVICES:•THE CREATION OF A REGIONAL
PROJECT STEERING COMMITTEE
•THE IDENTIFICATION OF A NATIONAL
FOCAL POINT
•THE IDENTIFICATION OF A NATIONAL
FOCAL POINT PERSON
•THE CREATION OF A NATIONAL
COORDINATING COMMITTEE
RECENT DEVELOPMENTS CONT’D
•THE HEADS OF GOVERNMENT HAS IDENTIFIED
CONSTRUCTION SERVICES AS A PRIORITY
SECTOR
ROADMAP FOR THE NEXT SIX MONTHS
•MOBILISE RESOURCES TO COMPLETE
CONSULTATIONS ON THE REGULATORY
FRAMEWORK FOR CONSULTANTS;
•ESTABLISH A SMALL COMMITTEE TO GUIDE THE
WORK;
•CONDUCT TWO REGIONAL WORKSHOPS;
•PRESENT THE PROPOSALS AND
RECOMMENDATIONS TO THE COTED SCHEDULED
FOR NOVEMBER 2011.
OPPORTUNITIES
• INCREASED INTERNATIONAL COMPETITIVENESS
• IMPROVED CHANCES OF MUTUAL RECOGNITION
• IMPROVED CHANCES OF FREE MOVEMENT OF
PROFESSIONALS
• Mode 4 Movement of Natural Persons