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Saint Lucia welcomes CARICOM trade and competiveness project

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Contact: Shannon Lebourne


Monday,  July 27, 2009 –  The Ministry of Trade, Commerce, Industry and Consumer Affairs is working closely with the CARICOM Secretariat on the implementation of component 100 of the CARICOM Trade and Competitiveness project, the CTCP.


The aim of the recently launch project is the provision of increased and improved opportunities for CARICOM nationals to participate in and benefit from the CARICOM Single Market and Economy-CSME.


Permanent Secretary in the Ministry of Trade, Commerce, Industry and Consumer Affairs, Mr Titus Preville, says the CTCP will raise awareness of the different procedures and protocols associated with the CSME.


“Although we have done a lot in our own little way,we believe that component 100 and the subsequent components of the CARICOM Trade and Competitiveness Project will go a very long way in the implementation of a greater structure to facilitate how Saint Lucia and other CARICOM member states will fully integrate in the arrangement. We in Saint Lucia welcome component 100.”


As the implementing agency, the CARICOM Secretariat will assist national coordinators to undertake project activities in member states that participate in the CARICOM Single Market and Economy.


The Head of CARICOM`s Trade Policy Unit Virginia Paul says the national coordinating committee must see itself as critical to the success of the CARICOM Trade and Competitiveness Project and the implementation of the CSME in Saint Lucia.


“We encourage the committee to thoroughly review consultants reports and work plans and provide guidance where necessary - this is vital because the success of the CSME is dependant on the actions which are taken at the national level through the enactment of laws and the establishment of procedures to facilitate the trading of goods ad services, movement of capital and people and the establishment of business.”


The CARICOM Secretariat has approved a consultancy for the project which is being undertaken by consulting firm Legal and Drafting Services Inc. 


The consultancy aims to diagnose the nature and scope of work required to remove administrative restrictions and practices for operating a fully functional single market.

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