Both the private and public sectors were desirous of establishing the NCPC.
The NCPC is critical as it helps with the following:
Identification and analysis of issues that affect St. Lucia's competitive position within the global environment.To provide information to the government, the private sector, labour unions and academia, as well as the general public, on the importance, magnitude and implications of national productivity and competitiveness.Identification of issues and public policies that will help drive productivity and economic growth and provide real impact to all stakeholders in the space in which they operate.
The NCPC is expected to undertake research in the following:
- Employment and wages patterns
- Industry practices
- Trade policy
- Research and development strategies
- Social strategies and policies
- Business and government governance