Trade Activity in Saint Lucia
The development of St. Lucias infrastructure systems and the number of regional and international trade agreements have enable it to trade effectively with the countries of the Caribbean (CARICOM), Canada, Europe, Japan, United Kingdom, and the United States of America. These trade agreements are summarized below:
Caribbean Community (CARICOM):
St. Lucian manufacturers have preferential access to a regional market of fifteen countries whereby goods manufactured may be imported duty free into any of the CARICOM countries.
Caribbean Basin Initiative (CBI):
Specific products made or assembled in St. Lucia are allowed to enter the United States duty free.
Caribbean/Canada Trade Agreement (CARIBCAN):
Duty free access to the Canadian market for all imports from the Commonwealth Caribbean countries and measures to encourage Canadian investment and other forms of industrial cooperation.
CARICOM/Venezuela Trade Agreement:
An agreement with the fundamental objective of strengthening trade and economic relations.
CARICOM/Columbia Trade Agreement:
An agreement with the fundamental objective of strengthening trade, economic and technical cooperation.
Qualified goods exported from members of the African, Caribbean and Pacific States (ACP) to countries of the European Union are granted duty free status.