Business in Barbados, Bridgetown

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Syllabus of the Subject: Foreign Trade and Business in Barbados - Bridgetown. Barbadian Economy (Course, Master)

1. Introduction to Barbados
2. Business in Bridgetown
3. Barbadian Economy
4. Barbadian Foreign Trade
5. Business Opportunities in Barbados
6. Access to the Barbadian market
7. Business Plan for Barbados

The objectives of the Subject «Doing Business in Barbados» are the following:

1. To analyse the Barbadian Economy and Foreign Trade
2. To explore the Business Opportunities in Barbados
3. To analyse the trade relations of Barbados with the country of the student
4. To know the Free Trade Agreements of Barbados
5. To develop a business plan for the Barbadian market

Example of the Subject - Doing Business in Barbados:

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Description of the Subject - Business in Barbados:

Barbados.

1. Barbadian Capital: Bridgetown
2. Barbados does not share land borders with any country
3. Nearest countries to Barbados by sea: Saint Lucia, Saint Vincent and the Grenadines, Martinique and Trinidad and Tobago.
4. Barbados is away from the Atlantic hurricane area
5. Area of Barbados: 430 square kilometres
6. Territorial organisation (parishes) of Barbados: Christ Church, Saint Andrew, Saint George, Saint James, Saint John, Saint Joseph, Saint Lucy, Saint Michael, Saint Peter, Saint Philip and Saint Thomas.
7. Population of Barbados: 280,000 inhabitants
   1. Barbadian Population density: 640 inhabitants / square kilometres
   2. 93% of the population has an African origin (African Diaspora)
8. Official language of Barbados: English
   1. Bajan dialect
   2. Spanish is increasingly used
9. Abolition of Slavery in Barbados: 1834
10. Climate of Barbados: tropical
11. XV century: discovery and colonisation by the Spanish
12. XVII century: British colonisation
13. Type of government: Constitutional monarchy (Queen Elizabeth II, Commonwealth)
14. Barbados became independent from the United Kingdom in 1966

Main religion in Barbados: Christianity Protestantism

1. Anglican Church (40% of the population)

Barbados belongs to the Caribbean Economic Area of the Western Civilisation

Barbadian Economy.

1. Barbados is considered the richest and most developed country in the Eastern Caribbean
2. World Bank Ranking: high-income economy
3. Barbadian GDP: 4,385 million dollars
4. GDP per capita of Barbados: 15,676 Dollars
   1. Barbados has one of the highest per capita incomes in America
5. The main economic activities of Barbados are: tourism and sugar production (main export of Barbados)
6. The main crops are: yams, sweet potatoes, corn, cassava, and beans.
7. Off-shore finance and computing are important foreign exchange generators
8. Small Light Manufacturing Industry
9. 18,000 people work in the retail and distribution sector
10. Construction boom
11. Barbados is considered a tax haven (bank secrecy)
12. Barbados has the third largest stock exchange in the Caribbean.
13. Currency Barbadian:  Barbadian Dollar (BBD)
14. Country code top-level domain of Barbados: .bb

Barbadian Foreign Trade

1. Main exports of Barbados: sugar, manufactured products and chemicals, molasses, rum, electrical components
2. Main export markets of Barbados: Trinidad and Tobago, France, United States, Spain, Saint Lucia, Saint Vincent and the Grenadines, Venezuela, Antigua and Barbuda, Saint Kitts and Nevis
3. Main imports of Barbados: oil, machinery, consumer goods, food, building materials, chemicals, electrical components
4. Largest providers of Barbados: Russia, Trinidad and Tobago, Japan, United States, China and the United Kingdom

Preferential access and Free Trade Agreements (TLC) of Barbados

1. Association of Caribbean States (ACS)
2. Bolivarian Alliance for the Peoples of Our America (ALBA)
3. Caribbean Community (CARICOM)
   1. CARIFORUM-European Union (EU) Economic Partnership Agreement
   2. Colombia-CARICOM Agreement (Barbados)
   3. CARICOM-Dominican Republic Free Trade Agreement
   4. Costa Rica-Caribbean Community Agreement (Barbados)
4. Caribbean Basin Initiative
   1. United States-Caribbean Basin Trade Partnership Act (CBTPA)
5. Caribbean-Canada Trade Agreement (CARIBCAN)
6. Latin American and Caribbean Economic System (SELA)

Barbados is a member of...

1. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit
2. Organisation of American States (OAS)
3. Economic Commission for Latin America and the Caribbean (ECLAC)
4. Inter-American Development Bank
5. International Maritime Organisation (IMO)
6. United Nations Convention on the Carriage of Goods by Sea (Hamburg Rules)
7. World Bank (WB)
8. International Monetary Fund (IMF)
9. World Trade Organisation (WTO)
10. Commonwealth
11. United Nations...

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