Agro-business

Overview

A two prong approach has been employed consisting of improvements to the traditional banana industry and the diversification of agricultural activities into new tradable crops. The latter approach is focused primarily on forging closer links between agricultural activities and the manufacturing and tourism sectors.

In order to reduce the over-dependence on a mono-crop, the Government has embarked on an agricultural diversification programme in areas such as non-traditional fruit and exotic crops, cut flowers and foliage, root crops among others.

Fisheries, another major pillar of the agricultural sector, recorded increases in fish landings by 5% to 1,519.8 tonnes, generating revenue of $16.4 million. Modern fish landing facilities exist throughout the country with the Dennery and Vieux Fort sites accounting for the greater proportion of the catch.

Incentives
  • St. Lucia offers a wide range of fiscal and other monetary incentives.
  • Up to 100% waiver of import duties on materials & supplies, and equipment & tools. (Special terms and conditions apply)
Investment Opportunities

The Government has identified a number of priority investment areas. These include:

  • Commercial Farming of non-traditional crops
  • Marine Aquaculture
  • Fish Processing
  • Processing fruits and vegetables to produce a wide range of products and bi-products including:
    • Household Products
    • Animal Feed
    • Pharmaceutical Products
    • Dyes
    • Food products
    • Rope etc

Press

© Invest St. Lucia 2012.