Eight of the nine countries of the Organisation of Eastern Caribbean States (OECS) yesterday signed the treaty to establish an economic union among themselves.
Representatives of Montserrat, a British Overseas Territory and a founding member of the sub-regional grouping which was unable to sign the accord since its internal approval process has not yet been completed, witnessed the historic occasion that took place in St Kitts, where the Treaty of Basseterre that established the sub-regional grouping was signed 28 years ago.
"Today is a great day," said host Prime Minister Dr Denzil Douglas as he addressed the gathering during the hour-long ceremony at the Eastern Caribbean Central Bank (ECCB). "It is a day of profound historical import for the Governments and peoples that constitute the OECS, for it is today that we co0mmit our countries to an even closer and deeper union.
And we do this by signing off on a new treaty - the Treaty of Basseterre establishing the OECS Economic Union."
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