SLASPA launches Seaport Trade Facilitation
The Saint Lucia Air and Seaports Authority (SLASPA) officially launched its new Seaport Trade Facilitation Initiative, dubbed “Less than Container Load (LCL)” on Wednesday. The LCL will allow local companies to facilitate trade with CARICOM countries, Martinique and Guadeloupe.
SLASPA’s General Manager Keegan Cox says that the initiative embraces the development of small manufacturing companies and local businesses in St. Lucia. “LCL ensures that our importers and exporters enjoy a 35 per cent reduction in the cost of freight by virtue of how it is designed,” Cox explained.
Permanent Secretary Titus Preville in his remarks said “We should see those lower costs being reflected in lower prices to the consumer at the supermarket.”
The initiative provides a 35% discount per cubic foot on dockside, stevedoring and destuffing charges for LCL CARICOM origin Cargo. Six months after the launch, SLASPA will also be allowing mixed loads.
Prior to the launch of the initiative, SLASPA held a series of consultations with stakeholders including the Chamber of Commerce, St. Lucia Manufacturers Association, St. Lucia Small Business Association and seaport stakeholders who gave valuable insight and feedback. The Chamber of Commerce has said the benefits of the LCL
initiative will be far-reaching, especially since there is a greater opportunity for local businesses to boost sales and expand into regional markets.
GM of SLASPA Keegan Cox.