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AGENDA

Dominica. Grenada. Saint Lucia. Saint Kitts & Nevis. Saint Vincent & the Grenadines. US ... Dominica. Area: 290 square miles. Population: 69,000. Unemployment : ...

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AGENDA

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    US Embassy Barbados and Eastern Caribbean CS PARTNER POST- BRIDGETOWN, BARBADOS

    2. AGENDA

    Eastern Caribbean Islands Covered Country Profile Economic Overview Political Overview Best Prospects for U.S Exports and Opportunities in Barbados Opportunities in the Eastern Caribbean Commercial Overview of CS Partner Post- US Embassy Bridgetown

    Which Islands are Covered in The Eastern Caribbean? Antigua & Barbuda Barbados Dominica Grenada Saint Lucia Saint Kitts & Nevis Saint Vincent & the Grenadines

    4. US EMBASSY BRIDGETOWN

    Commercial Services are covered by the Political Economic Section since FCS closed its office in Barbados in 2007. US Embassy Bridgetown is now equipped to handle all requests that may come through FCS since the MOU has been signed.

    5. Saint Lucia Area: 238 square miles Population: 166,000 Unemployment: 15.7%.

    6. GDP (2006): $899 million GDP growth rate: 4.5% Per capita GDP: $4,803 Inflation: 2.34%

    7. Imports— $475 million (merchandise) and $159 million (services). Major suppliers--United States (43.9%), Trinidad and Tobago (14.2%), European Union (14.2%), Japan (4.6%), and Barbados (3.0%). Exports— $64 million (merchandise) and $389 million (services).

    8. Dominica Area: 290 square miles Population: 69,000 Unemployment : 13.1%

    9. GDP (2006): $318.5 million. GDP growth rate: 4.0%. Per capita GDP $4,758. Inflation: 2.4%.

    10. Imports— $165 million (merchandise) and $49 million (services). Major suppliers--United States (36.6%), Trinidad and Tobago (20.5%), China (19.4%), European Union (13.4%), and Japan (4.6%). Exports— $39.0 million (merchandise) and $82.0 million (services).

    11. Eastern Caribbean- Organization of Caribbean States

    Market size: 6 countries with population range of between 40, 000 in St. Kitts and Nevis to 170, 000 in St. Lucia. Stable Political environment High level of education Official language is English GDP range is from $365 million to $ 1.126 billion; per capita ranges from $9, 900 to $19,000. GDP Growth ranges from 2.1% in AB to 5% t o SVG (2008 est.)

    EASTERN CARIBBEAN Inflation rates range from 1.9% in St. Lucia to 6.1 % to St. Vincent and the Grenadines (2008 est.) The Eastern Caribbean are similar to Barbados’ key sectors: tourism, telecommunications, infrastructural development, call centers and transcription centers.

    13. Eastern Caribbean Central Bank

    Sets Common Monetary Policy for the OECS

    14. Monetary Stability OECS has a fixed exchange rate of $2.7 Eastern Caribbean Dollar (XCD) to $1 USD One of only 4 multi-state central banks in the world.

    US EMBASSY BARBADOS & E. CARIBBEAN Jake Aller Commercial Officer AllerJC2@state.gov www.BuyUSA.gov/caribbean Foreign Commercial Service, Dominican Republic Maria Elena Portorreal Tel: (809) 227-2121 Maria.ElenaPortorreal@mail.doc.gov Jonelle M. Watson Political Economic/ Commercial Assistant Tel: (246) 227-4052 WatsonJM@state.gov D.R.Seckinger Political/Economic Officer Tel: (246) 227-4224 SeckingerDR@state.gov
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