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August 12th, 2011

St. Kitts – Nevis Nationals Encouraged To Be Open To Free Movement

OECS Flag

OECS Free Movement Came Into Effect August 01, 2011

Basseterre, St. Kitts – Nevis
August 12, 2011 (SKNIS)

Nationals of St. Kitts and Nevis are being encouraged to take into serious consideration the numerous possibilities available under OECS Free Movement.

During this week’s edition of SKNIS Perspectives, produced by the St. Kitts and Nevis Information Service, Samuel Berridge, Senior Trade Policy Officer and National Caricom Single Market and Economy (CSME) Focal Point, said that nationals should have no apprehension when it comes to who will be chosen to fill local positions.

“The whole regime is a blessing in disguise, Berridge stated.  “It forces you to become competitive – to be effective in your service delivery… and we have some complaints about persons coming in and taking our jobs, but the fact is if we bring our service to a certain level, we will become competitive.   There are to be regulations, but competition is not a bad thing in and of itself.  And I like to point out that although people can come, we can also go – it’s reciprocity.”

OECS Free Movement came into effect August 01, 2011, among independent member states of Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, Saint Lucia and Saint Vincent and the Grenadines.  According to an OECS press release dated August 05, 2011, member st ates “agreed that, from that date, they would permit OECS citizens to enter their territories and remain for an indefinite period in order to work, establish businesses, provide services or reside.”

The foundation for OECS Free Movement was laid with the Revised Treaty of Basseterre which established the OECS Economic Union, which entered into force on January 21, 2011.  It was on this date that the OECS Authority of Heads of Government agreed upon the implementation date.

Mr. Berridge noted that free movement is not a new concept.

“This is free movement the likes of which we have not seen since before independence,”  Berridge emphasized.  “You know when they had one governor in the Leewards Islands in Antigua, – Police, Teachers and Nurses were transferred to the various islands, there was unfettered movement.  What we are trying to recapture is the type of movement that took place prior to independence, when the barriers first came up.”

The implementation of the CSME in 2004 and its enactment in 2006 removed some of the limitations to free movement but that initiative in itself still required certain restrictive guidelines.

“Now they complement each other – both regimes they call for freedom of movement of skills and persons,” Mr. Berridge outlined.  “Now the OECS regime is much wider, it’s much broader, it takes us to places that the CSME had not taken us to before.  We all appreciate that the OECS Economic Union is more tight and much more integrated than the wider Caricom.  We have our own Central Bank, our own fiscal and monetary policies … Now with the CSME there are some fundamental differences.  With the CSME, Freedom of Movement is divided into categories of skills and it’s a phased approach that we are taking.  So at the moment there are 10 categories of skills but persons must have a skills certificate in order to move and work because the skilled certificate removes the requirement for you to have a work permit.”

According to the mentioned OECS Press Release, OECS citizens travelling within the Economic Union should enter the same immigration lines designated for Caricom Nationals and provide the immigration officer with a valid photo identification card that bears the nationality of the holder, for example, a passport, driver’s license, voter’s registration card or a national ID card.  A completed Immigration Entry/Departure Form must also be submitted.  “The immigration official shall grant entry for an indefinite period, save and except in those circumstances where the citizen poses a security risk or there exists some other legal basis for prohibiting entry to the citizen,” the release states.


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  1. Many Benefits Exist For SKN Nationals Under EPA
  2. St. Kitts – Nevis To Discuss Duty Free Policy
  3. Nevis Attempts To Revive The Scout Movement
  4. St. Kitts – Nevis Represented at COTED Meeting in Guyana
  5. OECS Encouraged By Nevis’ Renewable Energy Programs


August 10th, 2011

St. Kitts – Nevis Has Lower LPG and Gas Prices Than Most OECS Countries

Propane Cylinders

Only Trinidad and Tobago Have Lower Prices

Basseterre, St. Kitts – Nevis
Augsut 10, 2011 (CUOPM)

Despite increases in world oil prices, residents in St. Kitts and Nevis are still paying less for unleaded gasoline, diesel and liquid petroleum gas than most of their counterparts in the Caribbean except Trinidad and Tobago.

According to the Caribbean Energy Information System (CEIS), in its May-June issue, oil prices proved unpredictable at the beginning of May fluctuated between US$131 and US$97 per barrel and in June between US$98 and US$102.

CEIS said Caribbean Petroleum retail prices at the pump for May to June ranged from a low of U$1.08 in Guyana and US$1.14 per litre in St. Kitts and Nevis to a high of US$1.59 in Barbados and the British Virgin Islands in May and US$1.10 per litre in St. Vincent and the Grenadines to US$1.59 per litre in Barbados.

In May, in the OECS, the average price of unleaded gasoline was US$1.25 per litre in Antigua and Barbuda; US$1.21 in Dominica; US$1.29 in Grenada; US$1.38 in Montserrat; US$1.14 in St. Kitts and Nevis; US$1.27 in St. Lucia and US$1.10 in St. Vincent and the Grenadines.

It was US$1.47 in The Bahamas; US$1.59 in Barbados; US$1.54 in Belize; US$1.08 in Guyana; US$1.29 and US$1.35 in Jamaica; US$155 and US$1.56 in Suriname; US$0.42 and US$0.64 in Trinidad and Tobago and US$1.45 in the Turks and Caicos Islands.

In June, it was US$1.33 in Antigua and Barbuda; US$1.27 in the British Virgin Islands; US$1.24 in Dominica; US$1.32 in Grenada; US$1.42 in Montserrat; US$1.19 in St. Kitts and Nevis and US$1.10 in St. Vincent.

Unleaded gasoline cost US$1.47 in The Bahamas; US$1.59 in Barbados; US$1.56 and US$1.51 in Belize; US$1.12 in Guyana; US$1.29 and US$1.35 in Jamaica; US$1.51 and US$1.55 in Suriname; US$0.64 and US$0.42 in Trinidad and US$1.51 in the Turks and Caios Islands.

In May, in the OECS, Liquefied Petroleum Gas (LPG) was 64 US cents in St. Kitts and Nevis; US$1.25 in Antigua and Barbuda; US$1.00 in the British Virgin Islands; 81 US cents in Dominica; US$1.13 in Grenada; 90 US cents in Montserrat; US$1.04 in St. Lucia and 75 US cents in St. Vincent and the Grenadines.

There was no significant increase in June.


Related posts:

  1. St. Kitts – Nevis Gas Prices Drop
  2. St. Kitts – Nevis PM To Speak About Food Prices
  3. OECS Countries, France and Tax Evasion
  4. St. Kitts – Nevis Leads OECS In Exports To The United States
  5. St. Kitts – Nevis Leads Barbados and OECS In Investment Outlook


July 10th, 2011

OECS Economic Activity Slowed In 2010

OECS Logo

Construction Dollars Fell By 21.8%

Basseterre, St. Kitts – Nevis
July 10, 2011 (CUOPM)

Economic activity in the Organisation of Eastern Caribbean States (OECS) declined by 1.8 percent last year, a slower rate compared with 5.4 percent in 2009.

Governor of the St. Kitts-based Eastern Caribbean Central Bank (ECCB), Sir K. Dwight Venner, said that weak external demand and a reduction in domestic investment contributed to the decline which resulted in the continued contraction of activity in the construction and transport and communications sectors.

Construction, which is one of the main contributors to growth in the Eastern Caribbean Currency Union (ECCU), contracted by 21.8 percent due to a decline in inflows of foreign direct investment.

He said that the passage of Hurricane Tomas in October last year had severely damaged the infrastructure of St. Lucia and St. Vincent and the Grenadines further weakening their economies.

He said the ongoing global financial crisis and the natural disasters have brought the vulnerabilities of the region’s economies and financial structures into sharp focus with the ECCB having to intensify its efforts to maintain financial and monetary stability and confidence in the ECCU financial system.

“The size and nature of the economies of the Eastern Caribbean Currency Union render them particularly vulnerable to external shocks and natural disasters.  This is the stark reality that the ECCB faces as it seeks to strengthen the region’s financial structure in response to the impact of the global economic and financial crisis.”

He said the international financial downturn has impacted the Bank’s performance for the 2010/2011 financial year, resulting in a net income of EC$22.6 million (US$8.3 million) a decrease of EC$14.5 million (US$5.3 million) over the previous year’s income of EC$37.1 million (US$13.7).

“As at 31 March 2011, the Bank’s total assets amounted to EC$2.8 billion (US$1.03 billion) an increase of EC$256.1 million (US$94.8 million) when compared to the previous year.  This was mainly due to inflows of grants and loans to member governments from international institutions. “

Sir Dwight said that at the end of the financial year, the foreign reserve backing of the currency was 95.53 percent, well above the legal benchmark of 60.0 percent and the operational benchmark of 80.0 percent.  The level of foreign exchange reserves measured in months of imports was above the International Monetary Fund (IMF) benchmark of 3 months.

It said the ECCB, which serves as a Central Bank to the islands of Anguilla, Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Vincent and the Grenadines, St. Kitts and Nevis and Montserrat, had during the past year undertaken various initiatives in order to “ensure the safety and soundness of the ECCU financial system.”

These initiatives included the drafting of enabling legislation for the credit union and insurance sectors for passage by member governments as well as working with the Office of the Superintendent of Financial Institutions in Canada to adopt an advanced model of financial regulation.

“Throughout the year, the Bank accelerated its efforts to mitigate the fallout from the global economic and financial crisis by restructuring and strengthening the financial sector,” Sir Dwight said, adding that with support of the World Bank and other stakeholders, it continued the efforts to establish the Resolution Trust Corporation (RTC) to restructure and recapitalise financial institutions and manage troubled assets.

He said that 2012 will be critical as the ECCU strives to consolidate its efforts to strengthen its economies and position itself to take advantage of the opportunities from the anticipated global economic recovery.

As a result, the policy priorities for the ECCB would be to strengthen the framework for the early identification of risk and resolution of problems at weak financial institutions; continue to explore appropriate monetary policy tools and the enhancement of market intelligence to influence money and credit conditions and to inform policy development as well as encourage member governments to modernise the public sector in order to enhance efficiency and provide the requisite technical and administrative capacity to achieve the region’s economic objectives.

“The challenge for the Bank in these difficult times is to continue to support the strong dollar policy as set out by the Monetary Council and to establish the environment for the future growth and development of the region,” Sir Dwight said.


Related posts:

  1. Economic Activity In The ECCU Expected To Grow In 2011
  2. St. Kitts – Nevis’ Economic Activity Continues To Decline
  3. St. Kitts – Nevis To Host OECS Economic Union Treaty signing
  4. 1st Quarter Economic Performance Good For St. Kitts – Nevis
  5. OECS Leaders And Monetary Council To Meet


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