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Table 1.3 Saint Lucia's Economic Recovery and Resilience Plan
(XCD million)
(...)
Strategy description: Resilience Strategy 3: Disaster Risk/Climate Change: 32 Provision of water tanks to vulnerable groups;
Projected cost: 1.12
(...)

1.28. (...) Banana exports declined by some 45%, owing to the passage of Hurricane Elsa and quality issues. (...)

2.14. The Ministry of Agriculture, Fisheries, Food Security and Rural Development (Ministry of Agriculture) is in charge of designing and implementing agricultural and fisheries policies. Its goals include facilitating the development and promotion of sustainable agriculture and food chain systems to provide affordable supplies of safe, high quality, nutritious food and efficient services, through stakeholder consultations, rural empowerment, and resource management. One of the main objectives of Saint Lucia's agricultural policy is to increase agricultural productivity, thereby facilitating the generation and transfer of appropriate technology. The policy also seeks to guarantee the security of food supplies (i) by promoting the effective management of crop and livestock enterprises, forestry and water resources, and fisheries; (ii) by promoting and supporting the conservation of the country's natural resource base; (iii) by assisting in the establishment and maintenance of proper marketing and distribution channels for agricultural produce; (iv) by advocating and promoting the optimal utilization of the factors of production; and (v) by assisting in the development of the human capacity for efficient development of agricultural production enterprise.

2.17. (...) The STDR[Strategic Trade Development Roadmap] elaborates three strategic objectives: (...)
• Ensuring that increased trade is environmentally friendly and its benefits widely shared.

2.18. (...) To achieve its aim of developing Saint Lucia's productive capacities and the business ecosystem, a number of existing and potential sectors have been identified as priority areas as they are seen as potential drivers of innovation and high value addition, and SME and entrepreneurship development. These sectors are the following:
• Renewable energy. Saint Lucia has a large potential for wind, geothermal, and solar renewable energy generation due to the natural resources available, but currently power generation mainly relies on imported diesel, with renewable source providing well below 1% of total generation. To deal with this situation, the sector strategy sets out to achieve three strategic objectives: (i) strengthening the business environment and ecosystem to increase value added in the renewable energy sector, by improving local energy policies and regulations, a process already started with the introduction of the Electricity Supply Services Bill, and by strengthening the National Utilities Regulatory Commission (NURC); (ii) expanding the national productive capacity in photovoltaics and diversifying the energy mix; and (iii) raising awareness on renewable energy's contribution to sustainable development;
(...)
• Tourism. (...)The tourism strategy is based on three strategic objectives: (...) and (iii) ensuring environmental sustainability through targeted policies and enhanced business and public participation;
(...)

2.25. (...) The vulnerabilities facing small island developing states (SIDS) were stressed; it was noted that, like many SIDS, the OECS WTO Members relied on climate sensitive sectors for trade and livelihoods such as tourism, agriculture, and fisheries, and in this regard, their very existence was on the line due to climate change. (...)

2.34. (...) The EPA[CARIFORUM-EU Economic Partnership Agreement] covers also trade in services, public procurement, intellectual property rights, and environmental protection.

2.40. (...) The CARIFORUM-UK EPA (...) also contains provisions on current payments and capital movements, competition, innovation and intellectual property, public procurement, environment and social aspects, development cooperation, dispute settlement, and institutional provisions.

2.61. (...) The Special Development Areas Act, aimed at promoting balanced spatial and economic development, provides incentives to approved investors/developers for the establishment of certain types of businesses in specially designated areas that are endowed with the necessary infrastructure and amenities for business development. (...) Businesses that qualify for the incentives include (...); water-based activities; tourism projects highlighting the heritage and natural environment of Saint Lucia; arts and cultural investments; agricultural-based activities; and fisheries-based activities

2.76. (...) The main requirements for each type of investment are: (...)
• Approved enterprise projects. (...) The Enterprise Project should: (...)
• support Saint Lucia's sustainable development objectives, through overall wealth creation, social equity, and environmental sustainability;
(...)
• result in sustainable, efficient, and significant job creation;
• enhance economic, technological, environmental, and social transformation as a way of improving human well-being and the quality of life of Saint Lucians;
(...)
• not result in net transfer of resources from Saint Lucia nor compromise social equity/stability or cause irreversible damage to the natural environment;
• be realistic, implementable, and sustainable;
(...)