Bar­ba­dos is seek­ing to strengthen com­mer­cial link­ages with Saint Lu­cia

The Star (St. Lucia) - - LOCAL -

A 24-mem­ber con­tin­gent of Bar­ba­dian man­u­fac­tur­ing and ser­vices com­pa­nies will be ar­riv­ing in Saint Lu­cia on Sun­day Jan­uary 24th, 2016 to par­tic­i­pate in a se­ries of pre­ar­ranged busi­ness-to-busi­ness meet­ings - the first leg of a multi-coun­try CARI­COM trade mis­sion.

Led by Bar­ba­dos’ Min­is­ter of In­dus­try, In­ter­na­tional Busi­ness, Com­merce and Small Busi­ness, the Honourable Donville In­niss, the visit is in­tended to en­hance pol­icy di­a­logue and the ex­change of busi­ness in­for­ma­tion, while strength­en­ing the net­work of busi­ness sup­port or­gan­i­sa­tions, pro­mot­ing trade, and ex­plor­ing in­vest­ment op­por­tu­ni­ties which could yield eco­nomic gains for both ter­ri­to­ries.

The mis­sion is spear­headed by the Bar­ba­dos In­vest­ment and De­vel­op­ment Cor­po­ra­tion (BIDC), with sup­port from the Bar­ba­dos Min­istry of For­eign Affairs and For­eign Trade and the Bar­ba­dos Man­u­fac­tur­ers As­so­ci­a­tion.

One of the high­lights of the visit will be the sign­ing of a Mem­o­ran­dum of Un­der­stand­ing be­tween the BIDC and the Saint Lu­cia Trade and Ex­port Agency (TEPA).

Dur­ing the visit, the Bar­ba­dian del­e­gates, rep­re­sent­ing firms from the food and bev­er­age, con­struc­tion, print­ing, health and well­ness and con­sult­ing ser­vices sec­tors, will en­gage in busi­ness-to-busi­ness meet­ings, con­sult with busi­ness sup­port or­gan­i­sa­tions and agen­cies and ex­plore op­por­tu­ni­ties for the de­vel­op­ment of trade re­la­tions, joint ven­tures and other in­vest­ments. The Bar­ba­dos­based Queen El­iz­a­beth Hos­pi­tal will be among the del­e­gates, show­cas­ing the eye care, neu­ro­sur­gi­cal and car­diac ser­vices of­fered at its fa­cil­ity.

Open House ses­sions are sched­uled for Mon­day Jan­uary 25th, 2016 at the Bay Gar­dens Ho­tel. Per­sons in­ter­ested in do­ing busi­ness with Bar­ba­dos are in­vited to at­tend.

Bar­ba­dos al­ready en­joys a long­stand­ing re­la­tion­ship with Saint Lu­cia man­i­fested in the ar­eas of trade, tourism, and cul­ture. With re­spect to trade, Bar­ba­dos’ ex­ports to this mar­ket have av­er­aged ap­prox­i­mately US$16 mil­lion each year for the last ten years, com­pris­ing mainly wheat flour, mar­garine and soya bean oil. Items such as pre­fab­ri­cated build­ings, build­ing ce­ment, juice mix­tures, house­hold aerosol in­sec­ti­cides and medica­ments for ther­a­peu­tic use have also fea­tured promi­nently in re­cent years.

Bar­ba­dos’ im­ports from Saint Lu­cia, while av­er­ag­ing US$6.3 mil­lion an­nu­ally over the pe­riod 2005 to 2013, grew sig­nif­i­cantly in 2014 when Bar­ba­dos be­gan to source diesel oil from this mar­ket. Im­ports reached US$43.1 mil­lion in 2014 and pre­lim­i­nary es­ti­mates in­di­cate 2015 im­ports to be in the same range. The main items im­ported were beer, cor­ru­gated pa­per con­tain­ers and fresh ba­nanas.

Bar­ba­dos es­tab­lished diplo­matic re­la­tions with Saint Lu­cia in Fe­bru­ary 1979. H.E. the Hon. Robert Mor­ris, CHB, was ap­pointed as the Bar­ba­dos High Com­mis­sioner to Saint Lu­cia in Septem­ber 2015. The ac­cred­i­ta­tion of the non­res­i­dent High Com­mis­sioner sig­nals the aim to strengthen the bi­lat­eral re­la­tion­ship be­tween the two coun­tries. It is hoped that this up­com­ing trade mis­sion will suc­ceed in con­tribut­ing to the cre­ation of a bridge to sus­tain­ing ex­ist­ing re­la­tions and cre­at­ing new ones be­tween Bar­ba­dos and its CARI­COM coun­ter­parts.

The group de­parts Saint Lu­cia on Tues­day Jan­uary 26th, headed for Gre­nada.

The Bar­ba­dos In­vest­ment and De­vel­op­ment Cor­po­ra­tion (BIDC) is a statu­tory agency of the Bar­ba­dos Govern­ment, with spe­cial re­spon­si­bil­ity for ex­port de­vel­op­ment and pro­mo­tion; the es­tab­lish­ment and ex­pan­sion of busi­ness en­ter­prises. Its aim is to con­trib­ute to the di­ver­si­fi­ca­tion and growth of the Bar­ba­dos econ­omy through new in­vest­ment, in­creased ex­ports and em­ploy­ment cre­ation by fos­ter­ing the de­vel­op­ment of com­pet­i­tive man­u­fac­tur­ing and re­lated ser­vices com­pa­nies.

Newspapers in English

Newspapers from Saint Lucia

© PressReader. All rights reserved.