Manufacturers here in St. Kitts and Nevis, now have an advantage over their competitors where access to the Brazilian market is concerned according to Prime Minister Dr. Denzil Douglas, who added that this enhanced attractiveness of St. Kitts and Nevis as a manufacturing base will, in turn, mean additional employment, additional entrepreneurial opportunities, and increased revenue to the federation
Dr. Douglas pointed out that as Brazilian consumers and businesspersons seek to make wise choices regarding the expenditure of their resources, products made in St. Kitts and Nevis will now be amongst those from which they will be able to choose.
He also said that the in-depth and lengthy negotiations between Brazil and St. Kitts and Nevis regarding the Partial Scope Agreement have been a resounding success.
“This historic moment began, of course, with just an idea and a vision in which the objective was clear, but the path, at first, less than a straight line. As is the case with all historic accomplishments, however, this initial idea soon gave way to meticulous planning, in-depth analysis, and careful cost/benefit deliberations as we strove to establish this mutually beneficial economic alliance – an alliance that will redound to the benefit of both St. Kitts-Nevis and Brazil in the form of enhanced trade, expanded entrepreneurial and employment opportunities, and a wider array of goods and services for both nations’ peoples,” said Douglas.
He however indicated that although St. Kitts and Nevis is the smallest nation in the entire western hemisphere, and one of the smallest in the entire world, and the federation’s commitment to excellence, is also an indelible part of who and what characterizes the nation, and it is this aspect that has been demonstrated repeatedly.
“As a result, to give just one example, we have repeatedly secured and held the lead position throughout the Eastern Caribbean – plus Barbados – where the export of manufactured products to the United States is concerned. This is the type of competitiveness on which we intend to build via this Partial Scope Agreement,” the Prime Minister said.
He added that the economic vision of St. Kitts and Nevis is grounded in a commitment to economic diversification and this is evident in the varied policies and initiatives to expand and make more competitive the agricultural, tourism, financial services and manufacturing sectors.
The Agreement was signed by Brazil’s Special Envoy, Ruy Pereira and Permanent Secretary in the Ministry of International Trade, Mr. Charleton Edwards last Friday in Basseterre.