In the aftermath of the COVID-19 Pandemic, it has become evident of the vital role the agricultural sector must play in ensuring the nation’s food security.
Additionally, global conflicts and supply chain disruptions, and climate change has shown to have far-reaching effects on small island developing states obvious in the rise in food prices. These economic shocks were magnified by the over-reliance on food imports as over 90% of the food consumed in St Kitts and Nevis is imported. This means that there exists an untapped local market rife with business opportunities.
As a result of these shocks, the government of St Kitts and Nevis has refocused its attention on the growth and development of the agricultural sector. The new thrust is geared towards a more technologically driven agricultural sector. The main goal of that action is to further improve the food security of the federation by encouraging local production that can meet the market demand with as few disruptions as possible. With the renewed emphasis on agriculture, the federal government is enhancing the business climate to facilitate new investment opportunities within the sector.
Invest in an island that will leave you in awe. Invest in an island that will lead you to the future.
Therefore, there are several priority areas where additional investments would reap dividends.
At SKIPA, we provide one-stop-shop services to both local and foreign investors by providing them with information about how to go about getting their businesses started. These include but are not limited to assisting with requests and approvals for tax concessions. Additionally, we promote St. Kitts as an ideal place to invest as well as to provide aftercare services to businesses that have already been established.
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