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Final Report Volume 2: Individual Country Reports Submitted to By Dr. Noel Watson and Ms. Lucia Angelo A-Z Information Jamaica Limited For Consultancy on Opportunities for Doing Business between CARIFORUM States And the French Caribbean Outermost Regions (FCORs) November 2010 This Project if funded by the European Union Table of Contents Topic Page Table of Contents 1 1.0 Introduction 2 2.0 Antigua & Barbuda Report 3 3.0 Barbados Report 20 4.0 Dominica Report 47 5.0 Dominican Republic Report 79 6.0 Jamaica Report 108 7.0 St. Lucia Report 131 8.0 St. Vincent and The Grenadines Report 151 9.0 Suriname Report 166 10.0 Trinidad & Tobago Report 193 11.0 FCORs 226 11.6 French Guiana Report 232 11.10 Guadeloupe Report 244 11.11 Martinique Report 264 1 Opportunities for Doing Business between A-Z Information Jamaica Limited 2010 CARIFORUM States and the FCORs 1.0 Introduction This volume of the final report contains Individual Country/Territory Reports for all of the countries visited in this study, namely: CARIFORUM 1. Antigua & Barbuda (ANU) 2. Barbados 3. Dominica 4. Dominican Republic (DR) 5. Jamaica 6. St. Lucia (SLU) 7. St. Vincent and the Grenadines (SVG) 8. Suriname 9. Trinidad & Tobago (T&T) FCORs 1. French Guiana 2. Guadeloupe 3. Martinique Each country/territory report provides details on • Socioeconomic characteristics of each country/territory • Proximity to main international destinations • Critical information relating to doing business – regulatory environment, tax rates, procedure for starting a business, etc • Commitments made under the EPA • Commodity exports to the FCORs (from CARIFORUM) and to CARIFORUM (from the FCORs) • Opportunities in terms of goods and services that should be targeted for trade between CARIFORUM and the FCORs • Barriers to trade • Recommendations for Government/policymakers • Recommendations for Caribbean Export. Most of the details to substantiate the recommendations made in Volume 1 originate from the findings contained in the Individual Reports. 2 Opportunities for Doing Business between A-Z Information Jamaica Limited 2010 CARIFORUM States and the FCORs 2.0 Antigua & Barbuda Country Report 2.1 Antigua and Barbuda – Summary Findings • Visa requirements for Antigua & Barbuda with the FCORs were removed in January 2010 so this should facilitate trade with the FCORs. • Transportation options are in place and constraints are less binding by the fact that LIAT has several direct flights to Guadeloupe and flights to Martinique via SLU. LIAT is planning to implement a cargo service. This should also facilitate trade in goods and services. • Export opportunities - Antigua & Barbuda commodities and services with great export opportunities include: o Agriculture and agro-processing Fish and lobster Agro-processed products e.g. Susie's Hot Sauce and rum). o Tourism Regular tourism Sports and cultural tourism Wellness & health tourism Carnival, Sailing Week with mega yachts visiting, student exchange tourism o Education & training Language training Offshore education • Partnerships and joint ventures with the French Caribbean should be explored in areas such as safety and standards for the EU market where expertise is available in the FCORs from which exporters from Antigua & Barbuda can benefit. In addition, exporters can benefit from FCORs distribution channels with mainland France. • Public-private collaboration is critical for the promotion of Carnival and Sailing week, the provision of improved transportation options, the execution of Trade Missions, the improvement and standardization products e.g. hotel conditions, and the accessing of EU and other funding. • Government-Government collaboration is important so the Antigua & Barbudan Government needs to collaborate with counterparts in the FCORs and in CARIFORUM to bring the private sector from different territories together and help generate critical mass to fill hotels e.g. multi-destination 3 Opportunities for Doing Business between A-Z Information Jamaica Limited 2010 CARIFORUM States and the FCORs tourism, to fill containers that leave the French Caribbean empty, and to deal with transportation constraints. 2.2 Socioeconomic background* Socioeconomic Variable Figure GDP, constant prices (National Currency, Billions) 1.801 GDP, current prices (U.S Dollar, Billions) 1.155 GDP per capita, constant prices (National Currency) 21,641.44 GDP per capita, current prices (US Dollar) 13,878.80 Inflation, average consumer prices (Index, 114.139 2000=100) Population 0.084 HDI Rating High Internet Penetration % Population 76% (Penetration) Distance from Miami - Miles 1324.84 Distance from London – Miles 4088.72 Distance from Paris – Miles 4164.54 Distance from Miami - Hours 3 Distance from London – Hours 9 Distance from Paris – Hours 9 Main Exports petroleum products, bedding, handicrafts, electronic components, transport equipment, food and live animals Main Industries tourism, construction, light manufacturing (clothing, alcohol, household appliances) All economic data are 2008 figures from International Monetary Fund, World Economic Outlook Database, October 2009 The Internet information is from World Internet Statistics: The Caribbean Statistics were updated for September 30, 2009 4 Opportunities for Doing Business between A-Z Information Jamaica Limited 2010 CARIFORUM States and the FCORs 2.3 Antigua & Barbuda Exports to the FCORs (at HS 6-Digit level) 2005 HS Commodity Description GUAD MAR FGUI Fresh or chilled freshwater and saltwater fish (excl. salmonidae, flat fish, tunas, skipjack or stripe- bellied bonito, herrings, cod, sardines, sardinella, brisling or sprats, haddock, coalfish, mackerel, 030269 sharks and eels) 37,571 Frozen freshwater and saltwater fish (excl. salmonidae, flat fish, tunas, skipjack or stripe- bellied bonito, herrings, cod, sardines, sardinella, brisling or sprats, haddock, coalfish, mackerel, 030379 dogfish and other sharks, eels, sea bass and hake) 221,795 Lobsters "Homarus spp.", whether in shell or not, live, dried, salted or in brine, incl. lobsters in shell, 030622 cooked by steaming or by boiling in water 34,182 Ordinary natural water, not containing added sugar, other sweetening matter or flavoured; ice and snow (excl. mineral waters and aerated waters, sea water, distilled water, conductivity 220190 water or water of similar purity ) 29 Pebbles, gravel, broken or crushed stone, for concrete aggregates, for road metalling or for railwayor other ballast, shingle and flint, whether or 251710 not heat-treated 1,481 Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the 271031 basic constituents of the preparations, n.e.s. 2,053 2006 -No data available on exports to the FCORs 2007 HS Commodity Description GUAD MAR FGUI Fresh or chilled freshwater and saltwater fish (excl. salmonidae, flat fish, tunas, skipjack or stripe- bellied bonito, herrings, cod, sardines, sardinella, brisling or sprats, haddock, coalfish, mackerel, 030269 sharks and eels) 55 Frozen freshwater and saltwater fish (excl. salmonidae, flat fish, tunas, skipjack or stripe- bellied bonito, herrings, cod, sardines, sardinella, brisling or sprats, haddock, coalfish, mackerel, 030379 dogfish and other sharks, eels, sea bass and hake) 176,045 2008 -No data available on exports to the FCORs 2.4 Overview of key regulatory issues relating to operating in the FCOR business environment 5 Opportunities for Doing Business between A-Z Information Jamaica Limited 2010 CARIFORUM States and the FCORs - Judicial System: Antigua & Barbuda’s legal system is strongly influenced by the British system and is based on English common law. Antigua’s legal system is strongly influenced by and based on the British system. Criminal cases are brought to the Assizes and civil cases to the High Court. In both cases, the right of appeal is allowed to the Court of Appeal with a final right of appeal to England’s Privy Council. - Visa & Residency Requirements: Citizens of France do not require a visa to enter Antigua and Barbuda on holiday or business. Persons visiting are permitted to stay as long as their business takes, provided that: a) this is no longer than six months b) they possess a passport with a minimum of six months validity from their date of arrival c) they have an onward or return ticket d) they have confirmation of accommodation e) they can produce evidence of their ability to maintain themselves in Antigua and Barbuda For further details on Antigua & Barbuda visa requirements, please visit: http://www.antigua-barbuda.com/travel_tourism/information/passport_visa.asp Laws governing residency permit in Antigua & Barbuda can be found at: http://www.laws.gov.ag/acts/2002/a2002-15.pdf - Employment Protection and anti-discrimination Laws: For laws governing employment protection and anti-discrimination in Antigua & Barbuda, please visit the government’s website at: http://www.laws.gov.ag/acts/index.html 6 Opportunities for Doing Business between A-Z Information Jamaica Limited 2010 CARIFORUM States and the FCORs - Business Registration – process and time: Cost to Procedure Time to complete: complete: Search and reserve company 1 name 3 days EC 25 Have lawyer prepare 2 incorporation documents 1 day EC 150 Register with the Intellectual Property and Commerce Office (receive certificate of 3 incorporation) 10 days EC 3200 4 Make a company seal 5 days EC 200 Apply for tax payer identification 3 days (simultaneous number
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