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the main areas of cooperation under caricom agreement

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Canada has a degree of free trade with Germany under the terms of the World Trade Organization of which both countries are members; it does not have the same degree of unrestricted trade that it has with the US and Mexico under the terms of the North American Free Trade Agreement. All of these trade agreements are very complicated. But in general, there is certainly commerce between Canada and Germany.


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1. Surplus employees: The defect of the system is that some of the workers are declared surplus. There is an increase in the rate of unemployment. The unemployed workers commit crimes in this society. 2. No of branches in rural areas: The private bank owners do not like to setup there branches in rural areas. The banking facilities remain confined to cities where sufficient deposits are available. A large part of population will be deprived of banking facilities. 3. Unbalanced growth: The management of privatized banks provides credit in specific areas and people. As a result, there is unbalanced growth in the country; especially rural areas may remains under developed where credit facilities do not exist. 4. Jobs for relatives: The management of privatized banks may provide jobs to their friends and relatives. The deserving persons are ignored. 5. Loans for few persons: The management of privatized bank can extend loans of their favored persons. In this way only few persons are benefited. 6. Owners association: The aim of privatized banks is to earn profit. For these purpose owners associations are made which enter into agreement of earning high profit. The bank can increase the rate of service charges. Such associations may not care for customer's welfare.

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