- July 12, 2013
- |Priority Sector
The agriculture sector holds great potential for the creation of wealth for potential investors. The Government of St. Kitts and Nevis has set in place an Agricultural Development Strategy in response global threats to food security.
The increasing demand for food staples spurred on by the increasing world population and the adverse effects on the price of food by factors such as oil prices, the occurrence of extreme weather conditions in key export markets and others, make investment in the agricultural sector a worthwhile venture. The road map to development in the agricultural sector is intended to reduce the country’s food importation bill through local production. According to the Ministry of Agriculture tremendous opportunities are available for commercial farming as local demands continue to outpace local supply.
The government of St. Kitts and Nevis has employed a multidisciplinary approach to its Agricultural Development Strategy, encompassing vital components such as incentives packages, increase availability of land, investment in agro processing technology and increased linkages with the tourism sector.
Investors in this sector of the economy are free to take advantage of regional trade agreements derived from St. Kitts’ membership in CARICOM and the OECS to gain access to wider markets. St. Kitts’ geographical location in the Eastern Caribbean and modern air and sea port facilities provides a strategic advantage with existing shipping corridors to Jamaica in the North and Trinidad and Tobago and Guyana in the south.
- Packaging Services
- Storage Facilities
- Inter-Regional Transport Services
- Commercial Farming
- Enduring tradition of agriculture
- Availability of fertile land, previously used for sugar cane cultivation
- Import duty and port fees concessions on equipment and fertilizers
- Long established technical assistance programs through CARDI, WHO, Republic of China on Taiwan and more
- Availability of large work force formerly employed in the sugar industry