At Hamilton’s State House on Tuesday, Minister of Finance and Economic Development Steve Adams hinted that the territory may consider a referendum on joining the Caribbean Community (Caricom). The suggestion came during a briefing on the government’s economic strategy, where Adams noted the potential for deeper trade ties and regional cooperation.

Caricom, an organisation of 15 Caribbean states, offers members a framework for economic integration, security cooperation and shared regulatory standards. For Bermuda, a jurisdiction with a sizeable tourism and financial services sector, joining could open new markets for its small business community while also aligning the island more closely with regional policies on climate resilience and digital infrastructure.

The minister added that any move would require careful analysis and public discussion. He said the government would commission an independent review and, if the findings are favourable, table a motion in Parliament to initiate a public vote. The review is expected to conclude within the next six months.

While the proposal has been welcomed by some pro‑regional business groups, others caution that Caricom membership could entail regulatory changes that might impact Bermuda’s existing financial services model. A recent informal survey of residents showed 58% in favour of exploring membership, but nearly a third opposed.

The government has promised to keep the public informed as the process unfolds, with a view to ensuring that any decision reflects the collective will of Bermudians.