Trade and Business in the Bahamas, Nassau

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

1. To analyze the Bahamian Economy and Foreign Trade (Import, Export, FDI)
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

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)

Sample:

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)

Sample:

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 kilometres
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 centres, 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:

Sample:

Sample:

(c) EENI Global Business School (1995-2022)
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