In January 1970, at the fifth meeting of the CARIFTA Council, Trinidad and Tobago proposed that the Bahamas, Haiti and the Dominican Republic be admitted as members of CARIFTA. This proposal was generally positively received. The inclusion of those states would have expanded CARIFTA's market by 8.5 million people and increased the subscribed capital of the Caribbean Development Bank (which had been linked with the formation and operation of CARIFTA) by approximately US$17 million. By 1971 however, Errol Barrow, Prime Minister of Barbados, saw no real advantage in including Haiti and the Dominican Republic (and Cuba) in CARIFTA unless a quota system was applied to their products as he considered their economies to be duplicate to those of the existing CARFITA states.