Business in Saint Vincent and the Grenadines

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

1. To analyze the Saint Vincentian Economy and International Trade;
2. To explore the Business Opportunities in Saint Vincent and the Grenadines;
3. To analyze 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.

The Subject «Foreign Trade and Business in Saint Vincent and the Grenadines» belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): American Business, World Trade.

Learning materials in: ( San Vicente y las Granadinas Saint-Vincent-et-les-Grenadines São Vicente e Granadinas).

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. Organization of Eastern Caribbean States (OECS);
7. Bolivarian Alliance for the Peoples of Our America (ALBA)
   1. Energy supply agreement with Venezuela (PetroCaribbean).

1. World Trade Organization (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 Organization (ICAO, Chicago Convention);
4. International Maritime Organization (IMO);
5. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
6. Is not a member of the World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).

American Trade and Economic Organizations:

1. Organization 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 Organizations:

1. World Trade Organization (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 Organization (WIPO).
4. World Bank (WB);
5. Commonwealth;
6. ...

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 kilometers;
7. Population of Saint Vincent and the Grenadines: 110,000 inhabitants;
   1. Saint Vincentian Population density: 283 inhabitants / square kilometers;
   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 (Grenadines derivates from the city of Granada, Spain);
12. 1719: French colonization;
13. 1779: British colonization;
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 Civilization.

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 (1995-2023)
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