In 1973, CARIFTA became superseded by the Caribbean Community (CARICOM) following a decision, at the Seventh Heads of Government Conference in October 1972, to transform CARIFTA into a Common Market and establish the Caribbean Community of which the Common Market would be an integral part. At the Eighth Heads of Government Conference in April 1973, the Georgetown Accord was adopted, which set out the details of how CARIFTA was to be replaced by CARICOM. The Treaty of Chaguaramas declared that CARIFTA would cease to exist on 1 May 1974 when the remaining CARIFTA members all acceded to CARICOM. In fact, there was essentially a transitional period between 1 August 1973 when the More Developed Countries (MDCs) of Barbados, Guyana, Jamaica, and Trinidad & Tobago acceded to CARICOM and 26 July 1974 when Saint Kitts & Nevis acceded to CARICOM, during which both CARIFTA and CARICOM were legally in existence and operative and thus CARIFTA wasn't fully superseded until 26 July 1974. In conjunction with their accession to CARICOM, the various CARIFTA states gave notices of withdrawal from CARIFTA which brought about the legal termination of CARIFTA's provisions within their jurisdictions and ultimately the complete legal dissolution of CARIFTA itself. Thus the dates of withdrawal from CARIFTA are as follows: