Caricom stands for the Caribbean Community, which is a regional organization of 15 countries located in the Caribbean region. The organization was created to promote economic integration and cooperation among its member states. Caricom was established through a series of agreements, but one in particular was responsible for its founding.

The Treaty of Chaguaramas, signed in Trinidad and Tobago on July 4, 1973, is the agreement that brought Caricom into being. This treaty established the Caribbean Community and Common Market as well as the Caribbean Court of Justice. The treaty was signed by the founding members of the Caricom including Barbados, Guyana, Jamaica, and Trinidad and Tobago.

The treaty`s main objective was to promote economic development, reduce trade barriers and achieve common policies among its member states. It also aimed to improve the living standards of its citizens through the creation of investment opportunities and the promotion of trade. The free movement of goods, services, and people was also a key goal of the treaty.

Over the years, other countries joined the Caricom, including Suriname, Belize, and Haiti. In 2001, the declaration of the Caribbean Single Market and Economy (CSME) was signed, which aimed to create a single economic space among the member states. The CSME has six core pillars: free movement of goods, services, capital, labor, the right to establish a business, and the right of establishment.

In conclusion, the Treaty of Chaguaramas is the agreement that brought Caricom into being. This treaty established a regional organization for the Caribbean countries that aimed to promote economic integration, cooperation, reduce trade barriers, and improve the living standards of its citizens. Over the years, Caricom has grown, and its member states have made significant strides towards achieving its goals.