Business in Saint Lucia, Castries

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Syllabus of the Subject: Foreign Trade and Business in Saint Lucia - Castries. Saint Lucian Economy

1. Introduction to Saint Lucia
2. Business in Castries
3. Saint Lucian Economy
4. Saint Lucian Foreign Trade (Import, Export)
5. Business Opportunities in Saint Lucia
6. Access to the Saint Lucian Market
7. Business Plan for Saint Lucia

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

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

Sample of the Subject - Doing Business in Saint Lucia:

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Description of the Subject - Business in Saint Lucia:

Preferential access and Free Trade Agreements of Saint Lucia:

1. Saint Lucia and the Caribbean Economic Area
2. Caribbean Community (CARICOM)
   1. CARICOM-Dominican Republic Free Trade Agreement
   2. Costa Rica-Caribbean Community Agreement (Saint Lucia)
   3. CARIFORUM-European Union (EU) Economic Partnership Agreement
   4. Colombia-CARICOM Agreement (Saint Lucia)
3. Caribbean Basin Initiative
   1. United States-Caribbean Basin Trade Partnership Act (CBTPA)
4. Caribbean-Canada Trade Agreement (CARIBCAN)
5. Association of Caribbean States (ACS)
6. Organisation of Eastern Caribbean States (OECS)

Foreign Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
   2. Agreement on Technical Barriers to Trade (TBT Agreement)
   3. Agreement on Preshipment Inspection
   4. Agreement on Safeguards (SG)
   5. Trade Facilitation Agreement (TFA)
2. International Maritime Organisation (IMO)
3. Is not a member of the World Customs Organisation (WCO)
   1. Revised Kyoto Convention

Saint Lucia.

1. Saint Lucian Capital: Castries (33% of the population)
2. Districts of Saint Lucia: Anse La Raye, Castries, Choiseul, Dauphin, Dennery, Gros Islet, Laborie, Micoud, Praslin, Soufrière and Vieux Fort
3. Saint Lucia does not share land borders with any country
4. Nearest countries to Saint Lucia by sea: Barbados, Saint Vincent and the Grenadines and Martinique
5. Area of Saint Lucia: 616 square kilometres
6. Population of Saint Lucia: 179,000 inhabitants
   1. Saint Lucian Population density: 300 inhabitants / square kilometres
   2. 85% of the population has an African origin (African Diaspora)
7. Official language of Saint Lucia: English (Saint Lucian Creole)
8. Abolition of Slavery in Saint Lucia: 1834
9. Climate of Saint Lucia: tropical
10. Saint Lucia is a volcanic island
11. 1502: discovery by the Spanish (Saint Lucia was a Christian martyr)
12. Saint Lucia was colonised by both the British and the French
13. 1814: definitive British colonisation
14. Government type: Parliamentary constitutional monarchy (Queen Elizabeth II, Commonwealth)
15. Saint Lucia became independent from the United Kingdom in 1979

Main religion in Saint Lucia: Christianity (Catholicism)

Saint Lucia belongs to the Caribbean Economic Area of the Western Civilisation

Saint Lucian Economy.

1. United Nations Classification: Small Island Developing State
2. Saint Lucia's economy depends mainly on tourism and banana income
3. Santa Lucia GDP (PPP): 2,689 million dollars
4. Services represent 83% of the GDP
5. Saint Lucian GDP per capita (PPP): 15,225 dollars
6. The banana-related industry is the main economic activity of Saint Vincent and the Grenadines
7. Other important crops are: cocoa, coconut, citrus
8. Emerging sectors: tourism and off-shore banking
9. Currency Saint Lucian: East Caribbean dollar (XCD)
10. Country code top-level domain of Saint Lucia: .lc
11. Saint Lucia has 1.210 Kilometres of roads (847 km are paved)
12. George F. L. Charles Airport (Castries)
13. Hewanorra International Airport (south of Saint Lucia)
14. Main seaport: Port of Castries

Saint Lucian Foreign Trade

1. Main exports of Saint Lucia are bananas, textiles, cocoa, vegetables, fruits, coconut oil
2. Main export markets of Saint Kitts and Nevis: the United States, the United Kingdom, France, Brazil
3. Main imports of Saint Lucia are food, machinery, chemicals, fertilizers, minerals, transportation equipment and fuels
4. Largest providers of Saint Lucia: Brazil, the United States, Trinidad and Tobago, the Netherlands, Venezuela, Finland, the United Kingdom, France

Saint Lucia is a member of...

1. Organisation of American States (OAS)
2. Economic Commission for Latin America and the Caribbean (ECLAC)
3. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit
4. Commonwealth
5. International Organization of the Francophonie
6. United Nations (UN)
7. World Bank (WB)
8. World Trade Organisation (WTO)
9. International Monetary Fund (IMF)

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