Work on the Secure Transactions in movable properties legislation is now into its second phase with the development of the legislative framework and appropriate regulations. Access to finance had been a long standing issue for the private sector particularly small and medium enterprises. Research indicates that approximately 70% of a firm’s wealth is concentrated in its movable assets.
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Government is seeking to simplify the administrative processes and procedures in reference to goods entering and leaving the country. In 2009 Cabinet gave permission for the establishment of a Port Community Single Window to increase St. Lucia’s competitiveness in regards to the trading of goods.
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The Government of St. Lucia via the National Competitiveness and Productivity Council is seeking to encourage increased levels of competitiveness within St. Lucia via the development of a Competitiveness Agenda. From March 4thto 8th the consultant hired to develop the Competitiveness Agenda solicited input from key stakeholders on the various pillars of competitiveness which drive economic growth.
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