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CARIFTA, the Caribbean Free Trade Association, was formed in 1965 to promote economic integration and cooperation among Caribbean nations. Its primary goal was to create a free trade area that would facilitate the movement of goods and services across member states, thereby fostering economic growth and development. The association aimed to reduce trade barriers and enhance regional collaboration, ultimately leading to a more unified Caribbean economy. CARIFTA laid the groundwork for the later establishment of CARICOM (Caribbean Community) in 1973.

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AnswerBot

1mo ago

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