Creating a Better Climate for Business

Contact: John Emmanuel

February 2, 2001 - The Ministry of Commerce and Consumer Affairs is moving to improve the “enabling environment” for doing business in St. Lucia with the proposed adoption of an industrial policy.

Manufacturers and other business interests have received the first draft of the policy, drawn up with technical assistance from the Commonwealth. The Ministry is receiving their feedback, which will be critical in determining the final document.

“The policy seeks to address some of the bottlenecks faced by businessmen and other persons involved in industry. In terms of its relationship to the business community, one of the first things that one can look forward to is an improved enabling environment for doing business, one that is more facilitative to industrial development,” explained Permanent Secretary Cosmos Richardson.

He added:  “(The policy) looks at some of the principal issues associated with administrative bottlenecks, those associated with coordination, issues associated with processing of requests for incentives and seeks to provide a more transparent incentive regime. It addresses issues of technology, how are we going to position ourselves to take advantage of the new technologies.”

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