Business in the Bahamas

The purposes of the subject “Foreign Trade and Business in the Bahamas” are the following:

1. To analyze the Bahamian Economy and International Trade;
2. To know the business opportunities in the Bahamas;
3. To explore the Bahamian trade relations with the country of the student;
4. To know the Bahamian Free Trade Agreements;
5. To develop a business plan for the Bahamian Market.

The Subject “Foreign Trade and Business in the Bahamas” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): American Business, World Trade.

Masters (MIB): International Business, Foreign Trade.

Learning materials in or Bahamas Bahamas Bahamas.

Preferential Access and Free Trade Agreements of the Bahamas:

1. The Bahamas and the Caribbean Economic Area;
2. Association of Caribbean States (the Bahamas);
3. CARICOM
   1. Colombia-Bahamas (CARICOM) Agreement (FTA);
   2. CARICOM-Dominican Republic Free Trade Agreement (FTA);
   3. Costa Rica-Caribbean Community (the Bahamas)Agreement;
   4. CARIFORUM-European Union (EU) Economic Partnership Agreement.
4. Caribbean Basin Initiative (CBI);
5. Caribbean-Canada Trade Agreement (CARIBCAN);
6. United Kingdom-CARIFORUM Free Trade and Economic Integration Agreement;
7. United States-Caribbean Basin Trade Partnership Act (CBTPA);
8. Caribbean Development Bank;
9. Latin American and Caribbean Economic System (SELA).

Trade Facilitation Programs.

1. World Trade Organization (WTO) (in process of accession);
2. International Bureau of Containers and Intermodal Transport (BIC);
3. International Civil Aviation Organization (ICAO, Chicago Convention);
4. International Maritime Organization (IMO);
5. International Chamber of Shipping (ICS);
6. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).

American Trade and Economic Organizations:

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

Global Organizations:

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

The Commonwealth of The Bahamas.

1. Bahamian Capital: City of Nassau (254,132);
2. Official language of the Bahamas: English;
3. Bahamian Population: 306,000 inhabitants;
4. 83% of the Bahamian population are Afro-Bahamian;
5. Bahamian Area: 13,878 square kilometers;
6. Parliamentary democracy;
7. Literacy rate of the Bahamas: 95%;
8. Near countries: U.S. (Florida), Haiti;
9. The Bahamas has more than 700 Islands;
10. Independence of the Bahamas: 1973 (United Kingdom).

Main religion in the Bahamas: Christianity (35% are Baptists).

The Bahamas belongs to the Caribbean Economic Area of the Western Civilization.

Bahamian Economy.

1. Open economy;
2. The Bahamas is a developing country;
3. Top economic sectors of the Bahamas: financial services and tourism;
4. Financial services: 15 percent of the Bahamian GDP;
5. Stable investment climate;
6. Nassau Harbour: allow world's largest passenger vessels;
7. Business Opportunities in agricultural and marine resources sectors, offshore medical centers, and second homes;
8. Low-tax environment;
9. Stable currency: Bahamian dollar (BSD);
10. The Bahamas is a member of the British Commonwealth;
11. Freeport Grand Bahamas (Free Trade Zone);
12. Growing of ship registries (1,500 vessels) in the Bahamas.

Colombia-Bahamas (CARICOM) FTA:

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