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Trade Minister says ‘Deficit can be reversed…’

Image: The Minister and the Ambassador shared a shot with a cheque…

ST. LUCIA’S large and growing trade deficit is a problem that can be reversed if certain courses are pursued to counter the negative trend.

That’s according to Minister for Commerce, Industry, Investment, Enterprise Development and Consumer Affairs, Bradley Felix, who spoke at the 11th Annual Taiwan-St. Lucia Partnership Trade Show yesterday.

Image: The Minister and the Ambassador shared a shot with a cheque…
The Minister and the Ambassador shared a shot with a cheque…

“The current pattern of international trade for St. Lucia is one which reveals a large and growing trade deficit, as we all know”; said Felix, as he addressed those present at the show.

He posited that this situation “suggests that we need to increase the level of domestic production in the goods that are locally demanded, as well as our level of exports.”

The Choiseul/Saltibus MP described export expansion, as being “critically important to generate the foreign exchange needed to sustain our level of importation and to ensure the sustainability of our balance of payments.”

He went on to state that “It is against this backdrop that this exhibition must be examined” and summed-up by adding: “With this in mind, we need to begin the process of determining what are some of the possible areas for investment in St. Lucia, with a view to boosting domestic production and eventually increasing the level of quality of our exports…”

Dean Nestor is from Choiseul but from young adulthood, his years were spent in Castries. He studied at St. Mary’s College from 1999 to 2004 and later pursued a college education in English Literature, History and Sociology at Sir Arthur Lewis Community College from 2004 to 2006.

After graduating from Sir Arthur Lewis Community College, he began working as a teacher from 2009 until 2016...Read full bio...

 

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