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 International 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 Free 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 Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): American Business, World Trade.

Learning materials in: ( Antigua and Barbuda Antigua et Barbuda Antigua e Barbuda).

Preferential Access and Free Trade Agreements of Antigua and Barbuda

1. Antigua and Barbuda and the Caribbean Economic Area;
2. Association of Caribbean States (ACS);
3. Bolivarian Alliance for the Peoples of Our America (ALBA);
4. Caribbean Community (CARICOM)
   1. CARIFORUM-European Union (EU) Economic Partnership Agreement;
   2. Colombia-CARICOM Agreement (Antigua and Barbuda);
   3. CARICOM-Dominican Republic Free Trade Agreement (FTA);
   4. Costa Rica-Caribbean Community Agreement (Antigua and Barbuda).
5. Caribbean-Canada Trade Agreement (CARIBCAN);
6. United States-Caribbean Basin Trade Partnership Act (CBTPA);
7. United Kingdom-CARIFORUM Free Trade and Economic Integration Agreement;
8. Caribbean Basin Initiative;
9. Organization of Eastern Caribbean States (OECS).

Foreign Trade Facilitation Programs.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. International Bureau of Containers and Intermodal Transport (BIC);
3. International Civil Aviation Organization (ICAO, Chicago Convention);
4. International Maritime Organization (IMO);
5. Is not a member of the World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).

American Trade and Economic Organizations:

1. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit.
2. Organization of American States (OAS);
3. Economic Commission for Latin America and the Caribbean (ECLAC).

Global Economic Organizations:

1. Commonwealth;
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
3. World Bank (WB);
4. World Trade Organization (WTO);
5. International Monetary Fund (IMF).

Antigua and Barbuda.

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 square kilometers;
6. Population of Antigua and Barbuda: 92,000 inhabitants;
   1. Density of the Antiguan population: 209 inhabitants / square kilometers;
   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. 1493: discovery by the Spanish;
11. 1667: British colonization;
12. Type of government: Constitutional monarchy (Queen Elizabeth II, Commonwealth);
13. Independence of Antigua and Barbuda: the United Kingdom in 1981.

Main religion in Antigua and Barbuda:

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

Antigua and Barbuda belongs to the Caribbean Economic Area of the Western Civilization.

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 United Nations 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 US 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 United States, Spain, Germany, Italy, Singapore, the United Kingdom;
3. Main imports of Antigua and Barbuda: agricultural and petroleum products;
4. Largest providers of Antigua and Barbuda: the United States, the United Kingdom, 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.

(c) EENI Global Business School (1995-2023)
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