Business in Saint Vincent and the Grenadines, Kingstown

The objectives of the subject «Doing Business in Saint Vincent and the Grenadines» are the following:

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

Preferential Access and Free Trade Agreements of Saint Vincent and the Grenadines:

1. Saint Vincent and the Grenadines and the Caribbean Economic Area
2. Caribbean Community (CARICOM)
   1. CARICOM-Dominican Republic Free Trade Agreement (FTA)
   2. Costa Rica-Caribbean Community Agreement (Saint Vincent and the Grenadines)
   3. CARIFORUM-European Union (EU) Economic Partnership Agreement
   4. Colombia-CARICOM Agreement (Saint Vincent and the Grenadines)
   5. United Kingdom-CARIFORUM Free Trade and Economic Integration Agreement
3. Association of Caribbean States (ACS)
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)
   1. Energy supply agreement with Venezuela (PetroCaribbean)

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. International Bureau of Containers and Intermodal Transport (BIC)
3. International Civil Aviation Organisation (ICAO, Chicago Convention)
4. International Maritime Organisation (IMO)
5. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN)
6. Is not a member of the World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)

American Trade and Economic Organisations

1. Organisation of American States (OAS)
2. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit
3. Economic Commission for Latin America and the Caribbean (ECLAC)

Global Organisations

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

Saint Vincent and the Grenadines.

1. Saint Vincent and the Grenadines is made up of:
   1. The island of Saint Vincent
   2. The Grenadines Archipelago (66% of the northern part)
2. Saint Vincentian capital: Kingstown (island of San Vicente)
3. Parishes of Saint Vincent and the Grenadines: Charlotte, Saint Andrew, Saint David, Saint George, Saint Patrick and the Grenadines
4. Saint Vincent and the Grenadines does not share land borders with any country
5. Nearest countries to Saint Vincent and the Grenadines by sea: Grenada, Saint Lucia and Venezuela
6. Area of Saint Vincent and the Grenadines: 387 square kilometres
7. Population of Saint Vincent and the Grenadines: 110,000 inhabitants
   1. Saint Vincentian Population density: 283 inhabitants / square kilometres
   2. 66% of the population has an African origin (African Diaspora)
8. Official language of Saint Vincent and the Grenadines: English (Vincentian Creole)
9. Abolition of Slavery in Saint Vincent and the Grenadines: 1834
10. Climate of Saint Vincent and the Grenadines: tropical
11. 1498: discovery by the Spanish (Granadines derivates from the city of Granada, Spain)
12. 1719: French colonisation
13. 1779: British colonisation
14. Type of government: Unitary parliamentary constitutional monarchy (Queen Elizabeth II, Commonwealth)
15. Saint Vincent and the Grenadines became independent from the United Kingdom in 1979

Main religion in Saint Vincent and the Grenadines: Christianity (Protestantism)

Saint Vincent and the Grenadines belongs to the Caribbean Economic Area of the Western Civilisation

Saint Vincentian Economy.

1. High risk of natural disasters (tropical storms)
2. Saint Vincentian GDP (PPP): 1,243 million dollars
3. GDP per capita of Saint Vincent and the Grenadines (PPP): 11,291 Dollars
4. World Bank Classification: Lower Middle Income Economy
5. Agriculture is the main economic activity of Saint Vincent and the Grenadines
6. Important export of bananas (50% of exports)
7. World leading producer of arrowroot
8. Tourism is an emerging sector
9. Construction boom and off-shore banking
10. Main industries: food processing, furniture manufacturing, textiles, cement production and starch production
11. Currency Saint Vincentian: East Caribbean dollar (XCD)
12. Country code top-level domain of Saint Vincent and the Grenadines: .vc
13. Argyle International Airport
14. It drives on the left

Saint Vincentian Foreign Trade

1. Main exports of Saint Vincent and the Grenadines are bananas, maranta, tennis rackets.
2. Main export markets of Saint Vincent and the Grenadines: the United States, the United Kingdom, France, Italy, Greece, China, India, Poland, Trinidad and Tobago, Saint Lucia, Barbados, Dominica, Grenada, Antigua and Barbuda
3. Main imports of Saint Vincent and the Grenadines: food, machinery, chemicals, fertilizers, minerals and fuels
4. Largest providers of Saint Vincent and the Grenadines: the United States, Trinidad and Tobago, Singapore, the United Kingdom, countries of the CARICOM, China, Italy, Turkey, France, Romania

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