Business in Saint Kitts and Nevis, Basseterre

The objectives of the subject «Doing Business in Saint Kitts and Nevis» are the following:

1. To analyse the economy and Kittitian Nevisian Foreign Trade (Import, Export)
2. To explore the Business Opportunities in Saint Kitts and Nevis
3. To analyse the trade relations of Saint Kitts and Nevis with the country of the student
4. To know the Free Trade Agreements of Saint Kitts and Nevis
5. To develop a business plan for the Kittitian Nevisian Market

Preferential Access and Free Trade Agreements of Saint Kitts and Nevis:

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

Foreign Trade Facilitation Programs

1. World Trade Organisation (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. Is not a member of the World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)

American Trade and Economic Organisations

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)

Global Organisations

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

Federation of Saint Christopher and Nevis.

1. Saint Kitts and Nevis It is made up of two islands: Saint Kitts and Nevis
2. Capital of Saint Kitts and Nevis: Basseterre (Saint Christopher)
3. Charlestown is the principal city id Nevis
4. Saint Kitts and Nevis does not share land borders with any country
5. Nearest countries to Saint Kitts and Nevis by sea: Antigua and Barbuda and Montserrat
6. Area of Saint Kitts and Nevis: 261 square kilometres
7. Saint Kitts and Nevis is the smallest country in America (both by area and population)
8. Population of Saint Kitts and Nevis: 55,000 inhabitants
   1. Population density: 164 inhabitants / square kilometres
   2. 92% of the population has an African origin (African Diaspora)
9. Official language of Saint Kitts and Nevis: English (Saint Kitts Creole)
10. Abolition of Slavery in Saint Kitts and Nevis: 1834
11. Climate of Saint Kitts and Nevis: tropical savanna
12. 1498: discovery by the Spanish
13. 1713: British colonisation
14. Type of government: Constitutional monarchy (Queen Elizabeth II, Commonwealth)
15. Saint Kitts and Nevis became independent from the United Kingdom in 1983
16. Hurricanes: 1998 and 1999

Main religion in Saint Kitts and Nevis: Christianity (Protestantism and Catholicism)

Saint Kitts and Nevis belongs to the Caribbean Economic Area of the Western Civilisation

Kittitian Nevisian Economy.

1. In the past The economy of Saint Kitts and Nevis depended on the cultivation and processing of sugar cane
   St. Kitts Sugar Manufacturing Corp. is a government export sugar cane processing company, is the largest company in Saint Kitts and Nevis
2. 1998: collapse of the economy due to Hurricane Georges
3. GDP (PPP) of Saint Kitts and Nevis: 1,458 million dollars
4. GDP per capita of Saint Kitts and Nevis (PPP): 25,900 Dollars
5. The main crops of Saint Kitts and Nevis are: sugar cane, rice, sweet potato, vegetables, bananas
6. Tourism, agriculture and light industry are the main economic activities of Saint Kitts and Nevis
7. Main industries: sugar, cotton, textile, footwear, salt, coconut, drinks (beer)
8. In Saint Kitts and Nevis there are several electronic product assembly plants: switches, calculators, radios.
9. Government measures to diversify the economy through agriculture, tourism, export-oriented manufacturing and off-shore banking.
10. Saint Kitts and Nevis allows foreigners to obtain Saint Kitts' citizenship status through a government-sponsored investment program called Citizenship-by-Investment.
11. Tax agreement with Ireland
12. Currency Kittitian Nevisian: East Caribbean dollar (XCD)
13. Country code top-level domain of Saint Kitts and Nevis: .kn
14. Basseterre is the logistics hub for Saint Kitts and Charlestown is the hub for Nevis
15. It drives on the left.

Foreign Trade of Saint Kitts and Nevis

1. Main exports of Saint Kitts and Nevis: food, electronics, drinks, tobacco
2. Main export markets of Saint Kitts and Nevis: the United States, the United Kingdom, countries of the CARICOM, Netherlands, Azerbaijan
3. Main imports of Saint Kitts and Nevis: machinery, manufacturing, food, fuel
   1. Most of the food is imported
4. Largest providers of Saint Kitts and Nevis: the United States, Trinidad and Tobago, the United Kingdom, countries of the CARICOM
5. Deep water port in Basseterre (cargo and passengers)
6. International airports.
   1. Robert L. Bradshaw International Airport (Saint Kitts)
   2. Vance W. Amory International Airport (Nevis)

(c) EENI Global Business School (1995-2021)
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