Business in Antigua and Barbuda

The objectives of the subject «Doing Business in Antigua and Barbuda» are the following:

1. To analyze the Antiguan Economy and Global Trade
2. To explore the Business Opportunities in Antigua and Barbuda
3. To analyze the trade relations of Antigua and Barbuda with the country of the student
4. To know the Trade Agreements of Antigua and Barbuda
5. To develop a business plan for the Antiguan market

The Subject «Foreign Trade and Business in Antigua and Barbuda» belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: American Business, World Trade.

Languages ( Antigua and Barbuda Antigua et Barbuda Antigua e Barbuda).

Preferential Access and Trade Agreements of Antigua and Barbuda

1. Antigua and Barbuda and the Caribbean Economic Area
2. Association of Caribbean States
3. ALBA
4. CARICOM
   1. CARIFORUM-EU Agreement
   2. Colombia-CARICOM Agreement (Antigua and Barbuda)
   3. CARICOM-Dominican Republic FTA
   4. Costa Rica-CARICOM Agreement (Antigua and Barbuda)
5. Caribbean-Canada Trade Agreement
6. The U.S.-Caribbean Basin Trade Partnership Act
7. UK-CARIFORUM Free Trade and Economic Integration Agreement
8. Caribbean Basin Initiative
9. OECS

1. WTO
   1. GATS
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. BIC
3. Chicago Convention (ICAO)
4. IMO
5. Is not a member of the WCO
   1. Kyoto Convention

1. CELAC
2. OAS
3. ECLAC

1. Commonwealth
2. UN
3. WB
4. WTO
5. IMF

1. Antiguan Capital: St. John's (Island of Antigua)
2. Largest cities: St. John's, All Saints, Potters Village and Liberta
3. Antigua and Barbuda does not share land borders with any country
4. Nearest countries to Antigua and Barbuda by sea: Guadalupe, Montserrat, Saint Kitts and Nevis and Saint Martin
5. Area of Antigua and Barbuda: 442 km²
6. Population of Antigua and Barbuda: 92,000 inhabitants;
   1. Density of the Antiguan population: 209 inhabitants / km²
   2. 88% of the population has an African origin (African Diaspora)
7. Official language of Antigua and Barbuda: English
   1. Creole English
   2. Spanish is increasingly used
8. Abolition of Slavery in Antigua and Barbuda: 1834
9. Climate of Antigua and Barbuda: tropical
10. 1667: British colonization
11. Type of government: Constitutional monarchy (Queen Elizabeth II, Commonwealth)

Main religion in Antigua and Barbuda:

1. Christianity - Protestantism: 69% of the Antiguan population

Antigua and Barbuda belongs to the Caribbean Economic Area.

Antiguan Economy.

1. Antiguan GDP: 2,159 million dollars
2. GDP per capita of Antigua and Barbuda: 23,922 Dollars
3. In September 2017, the Hurricane Irma destroyed 95% of Barbuda's buildings and infrastructure
4. The main Antiguan economic activity is the sugar industry
5. Tourism: 60 % of the GDP of Antigua and Barbuda
6. Significant agricultural production: sugar cane, cotton and fruits (papaya, guava, orange, pineapple, lemons)
7. Main industries: oil refining, textile manufacturing, joinery and rum production
8. Antigua and Barbuda is a tax haven since 2000
   1. Antigua and Barbuda is considered as an offshore jurisdiction
   2. Has signed the UN law against money laundering
   3. Antigua and Barbuda is considered a paradise for drug trafficking and money laundering
9. Antiguan Currency: Eastern Caribbean Dollar (XCD)
   1. Fixed exchange rate with the U.S. dollar (2,7:1)
10. Country code top-level domain of Antigua and Barbuda: .ag

Antiguan Foreign Trade

1. Main Exports of Antigua and Barbuda: petroleum products, machinery, transport equipment and food
2. Main export markets of Antigua and Barbuda: the countries of the Organization of Eastern Caribbean States, Barbados, Guyana, Trinidad and Tobago, the U.S., Spain, Germany, Italy, Singapore, the UK
3. Main imports of Antigua and Barbuda: agricultural and petroleum products
4. Largest providers of Antigua and Barbuda: the U.S., the UK, Canada and the countries of the Organization of Eastern Caribbean States

International Transport and Logistics in Antigua and Barbuda:

1. Main seaport: St. John's
2. 1,165 Kilometers of roads (384 km paved)
   1. Driving on the left
3. 80 Kilometers of railway lines
4. Antigua Airport

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