Trade Export Promotion Agency ‘TEPA’ has stated there is a significant increase in international demand for agricultural produce from Saint Lucia. To meet that demand, TEPA has partnered with the island’s Ministry of Agriculture to boost exports.
Jerson Badal, TEPA Director of Client Services Delivery, said a Memorandum of Understanding was recently undertaken between the two entities, with the aim to increase exports by 20 percent.
“Basically, what we have found is that the low hanging fruits that can be easily exploited for regional and international markets, are found within agriculture,” Badal said. “There is great demand internationally and regionally for agricultural commodities, so what TEPA decided to do was partner with the Ministry of Agriculture and set up some ambitious goals to increase agricultural exports by 20 percent in the first year of the MOU.”
In demand items include the island’s traditional export, bananas, with an increase in demand from the US and the UK for breadfruits and the same from Canada for general agricultural produce.
According to the St. Lucia Times,TEPA’s market research unit, tasked with the promotion of Saint Lucian products in international markets, gathers valuable information on market demand that drives the company’s export strategy.