The Mission of International Trade is to strengthen cooperation with the global community, promote the country’s contribution to multilateral trade organizations and provide opportunities for economic investments by developing a range of programmes aimed at promoting fair and accessible trade.
Trade policy is coordinated at the national level with the private sector. Their views are generally expressed through the local Chamber of Industry and Commerce and through specially organized consultations with specific focus groups. In addition, the views of labor unions and civil society are taken into account.
Trade policy is seen as a tool for bringing about economic and social development for St. Kitts and Nevis. The Ministry of International Trade, Industry, Commerce and Consumer affairs is responsible for all WTO and International and regional Trade issues. It is also the main agency for coordinating trade policy discussions and formulation, and is responsible for matters related to anti-dumping, subsidies, and competition policy.
The objective of the trade and investment policy of St. Kitts and Nevis is to enhance competitiveness and attract foreign direct investment, particularly in tourism and manufacturing, services including professional services and to promote economic diversification particularly since the closure of the sugar sector.
To strengthen cooperation with the global community, promote the country’s contribution to multilateral trade organizations, and provide opportunities for economic investments by developing a range of programmes aimed at promoting fair and accessible trade. This involves creating an environment that facilitates the expansion of the manufacturing and services sectors by increasing the level of exports and thus, raising the profile in international trade.
- Ensuring the smooth implementation of the Organisation of Eastern Caribbean States (OECS), Economic Union, CARICOM Single Market and Economy (CSME)
- CARIFORUM-EC Economic Partnership Agreement (EPA), and other trade agreements
- Coordinating trade policy discussions responsible for matters relating to anti-dumping, subsidies, and competition policies
- Managing all WTO, international, and regional trade issues
- Enhancing competitiveness and attracting foreign direct investment, particularly in tourism and manufacturing
Services Offered by the Ministry of International Trade
Provide technical advice and facilitate consultations
Implement and Monitor Trade Agreements including the Economic Partnership Agreement (EPA)