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Overview of SVG’s External Trade Patterns

Workshop on Services Trade NegotiationsSt Vincent, May 16-18, 2012

Ramesh Chaitoornmsts@yahoo.ca

fc185627@skynet.be

Composition of SVG Services Trade (EC$ mill)

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SVG Services Exports 1993

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SVG Services Exports 2009

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SVG Services Imports 1993

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SVG Services Imports 2009

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SVG’s Services Trade Balance (EC$ millions)

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SVG’s Services Trade Balance (EC$ millions)

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SVG’s Merchandise Trade Balance (EC$ millions)

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SVG Merchandise Trade Balance

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SVG Overall Trade Balance (EC$ mill)

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TRADE IMPERATIVE

• Net deficit on external account not sustainable• SVG not competitive in goods production or trade• SVG needs to develop and export new services –

diversify from tourism dependence• Need new investment in services activities and

policy measures to stimulate such