Notes
Slide Show
Outline
1
Presented at
Seminar on Trade Related Assistance in the Caribbean
Castries, Saint Lucia



Alicia Stephen, OECS Secretariat
  • Aid for Trade in the OECS:
  • Policy and Projects
2
Small Economies:
  • 9 Member states 6 of which are members of the WTO


  • Combined population of 550,000


  • Estimated share of world trade of less than 0.01%
3
Services-based:
  • Services account for over 80% of the region’s GDP


  • Tourism is major single economic activity in the region


  • Agriculture and manufacturing declining



4
Highly vulnerable:
  • Dependence on a narrow range of activities


  • Dependence on a few markets


  • Susceptible to natural disasters


  • Susceptible to exogenous shocks
5
OECS Trade Policy Objectives:
  • Enhance competitiveness


  • Secure enhanced market access opportunities for exports


  • Secure flexibilities for adjustment
6
Three-prong trade strategy:
7
How much aid does the OECS receive?
8
"OECS has been actively articulating..."
  • OECS has been actively articulating is AFT aspirations:
    • Participation in discussion on AFT in Geneva


    • TPR 2007 with the support of AITIC



    • Participation in the regional reviews
9
AFT provides a means of addressing the challenges of trade liberalisation and should be…
  • …Simple
  • …Timely
  • …Ownership
  • …Coordination (donor)
  • …Additional $$
10
How has AFT worked in the OECS?
  • Development of National Export Strategy (Grenada)


  • Trade Facilitation and Capacity Building (St Kitts/Nevis)


  • Bureau of Standards (Saint Lucia)


  • Trade Policy Project (OECSSec)


11
OECS Aid for Trade Priorities
  • Trade Policy, Analysis, Negotiation and Implementation


  • Regional Integration and Cooperation


  • Trade-related Network Infrastructure


  • Adjustment costs


  • Competitiveness and Private Sector Development
12
Proposed Regional (OECS) Initiatives
  • Infrastructure  - ports including for modernisation and TF reform


  • Transportation – interisland transportation


  • Financing for export – export credit and export insurance programmes
13
"Adjustment support – for loss..."
  • Adjustment support – for loss of tariff revenue


  • Sustainable development and innovation


  • Standards - compliance


  • Creating and maintaining linkages to other sectors – tourism and….
14
astephen@oecs.org

  • Thank you for your attention.