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 CONCEPTSDEFINITIONS 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

• Human Resources Management Consulting Services

• General Management Consulting Services

• Financial 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 BILLFEATURES OF THE BILL

•DEFINITIONS

•ESTABLISHMENT OF THE COUNCILS

•FUNCTIONS AND POWERS

•REGISTRATION AND LICENSING

•DISCIPLINE

•OFFENCES AND PENALTIES

RECENT DEVELOPMENTSRECENT 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’DRECENT DEVELOPMENTS CONT’D

• INCENTIVES

•HUMAN RESOURCE REQUIREMENTS

•FINANCIAL REQUIREMENTS

•TECHNOLOGICAL NEEDS

•CROSS-SECTORAL LINKAGES

•OTHER

RECENT DEVELOPMENTS CONT’DRECENT 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’DRECENT 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’DRECENT DEVELOPMENTS CONT’D

•THE HEADS OF GOVERNMENT HAS IDENTIFIED CONSTRUCTION SERVICES AS A PRIORITY SECTOR

ROADMAP FOR THE NEXT SIX MONTHSROADMAP 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