Government of Saint Lucia
Go to Homepage


[Site Map]

[Contact Us]

Search this Site

OECS seeks greater access to Canada's multi-trillion dollar market

Governor General
Prime Minister
The Cabinet
The Senate
House of Assembly
Overseas Missions
The Constitution
The Staff Orders
Collective Agreement
Photo Gallery

National Television Network
Watch NTN Live

Saint Lucia Gazette
Press Releases
About Saint Lucia
Frequently Asked Questions
Web Links
Government Directory
Browse by Agency
Site Help


Contact:  Kerwin Xavier


Tuesday, April 19, 2011 –  Saint Lucian; Private and Public sector officials are presently meeting to deepen their understanding of  the proposed CARICOM Trade and Development Agreement.


The two-day consultation is jointly organized by the Saint Lucia Chamber of  Commerce, Industry and Agriculture, along with the OECS Secretariat and the CARICOM Secretariat' s  Office of Trade Negotiations. 


“At the moment we do have an arrangement with Canada called CARIBCAN under which goods from CARICOM  enter Canada on concessionary terms,” LDC Trade Policy Advisor within the CARICOM Secretariat' s  Office of Trade Negotiations, Vincent Atkins.


“However CARIBCAN is due to end by the end of this year.  Importantly, the CARIBCAN was limited mainly to trade in goods.  The new  arrangement which we are negotiating will include  trade in services.”  


Presently there is a trade imbalance between Saint Lucia and Canada.  Imports from Canada  is valued at 17 million dollars while exports stand at just about half a million dollars.  The development component within the agreement is geared at correcting such imbalances.


“It is important to bear in mind that the Canadian economy is a trillion dollar economy as a result opportunities exist for increased exports from Saint Lucia into Canada.  We are hoping therefore  that with the agreement  the kind of arrangements which we negotiate will facilitate greater entry  of Saint Lucian and OECS and far wider CARICOM goods into the Canadian market.”


Similar exercises are planned for other CARICOM territories.  It is hoped that these consultations will provide feedback to the CARICOM Secretariat's Office of Trade Negotiations for inclusion in the final agreement.

 [Site Help]

© 2011 Government Information Service. All rights reserved.

Read our privacy guidelines.