Commerce and Industry

Saint Lucia is a small developing country faced with major challenges as well as opportunities for growth.  The country has been experiencing slow growth in the last five years[2]. Preliminary estimates of 2008 indicate that real economic growth has declined to 0.7 percent, the lowest since 2002.[3] In light of changes in the global market, exports have declined.  The decline in export has impacted many sectors particularly the manufacturing sector.

In light of the potential that exists for economic growth, the Industrial Policy of Saint Lucia was developed to outline a broad framework for policy intervention aimed at stimulating growth in the manufacturing sector.   Consequently, the development of a National Export Development Strategy was also commissioned.  The strategy outlines at least ten (10) priority areas for exports for the period 2004 - 2008.  The priority export sectors are:-

  1. Agriculture,
  2. Architecture,
  3. Arts and Entertainment,
  4. Beverages, Chemicals,
  5. Food (Agro processed products),
  6. Information Technology,
  7. Integrated Marketing and
  8. Communications,
  9. Nursing Services (Training), 
  10. Tourism

Saint Lucia's participation in Expo 2010 will be coordinated by the Ministry of Commerce, Industry and Consumer Affairs.  The Ministry was selected as the lead agency given its mandate to promote, facilitate and monitor the performance of the country's manufacturing, industrial and commercial activities.

The Ministry of Commerce, Industry and Consumer Affairs being cognizant of the challenges facing the manufacturing sector in particular, continues to work with local Business Support Organizations (BSOs) to find new avenues for the promotion and development of export.  Participation in this Expo will thus contribute to the implementation of Industrial Policy and National Export Development Strategy as it relates to:

  • Promoting Saint Lucia as an attractive location for  investment
  • Seeking export markets for the manufacturing and services sectors
  • Enhancing the competitiveness of the manufacturing and services sectors

China is regarded as an emerging economy that offers unlimited prospects for export expansion and investment for CARICOM Countries.   The CRNM Private Sector Trade Brief Volume 20, April to May 2007 reported on the possibilities for trade that exist in the Chinese Market.  The database of the International Trade Centre's reported that CARICOM firms shipped US$238.4% million of Exports to China in 2005 and imported US$616.5 million worth of Chinese products.  For the period 2001 - 2005 export by CARICOM firms to China increased by 67%[4].

 

For more information click on http://en.expo2010.cn/expo/expo_english/oe/bi/userobject1ai48695.html

To view the promotion video click http://en.expo2010.cn/sr/video/index.htm

 

Services

  • Processing of Fiscal Incentives (Concessions & Tax Holidays)
  • Trade Promotion/Exhibitions
  • Trade License administration
  • Market Development (local)
  • Product Development
  • Facilitation of Formation of Sector Organizations
  • Capacity Building Workshops/Seminars

 

 

Staff

Emmanuel Gerald
Director
(758) 468 4210 egerald@gosl.gov.lc
Junia Emmanuel-Belizaire
Commerce and Industry Officer
(758) 468 4213 junia.emmanuel-belizaire
Cindy Eugene
Marketing Specialist
468 4212 cindy.eugene@govt.lc
Karen Nelson
Secretary
(758) 468 4238 karen.nelson@govt.lc
Suzette Jean
Commerce and Industry Officer
468 4212 slewis@gosl.gov.lc
Bonaventure Henry
Commerce & Industry Officer
468 4209 bonaventure.henry@govt.lc
Natalia James
Commerce & Industry Officer
468 4211 natalia.james@govt.lc
Michaeline St. Juste
Commerce & Industry Officer
468 4214 michaeline.stjuste@govt.lc

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