AGP Executive Report
Last update: 4 hours agoEU-CBI Deadline: Saint Lucia and the Eastern Caribbean have been told to phase out Citizenship by Investment programmes by June 2028 or risk losing visa-free Schengen access, with Prime Minister Philip J. Pierre saying the EU position hasn’t shifted despite regional due diligence. UNGA Politics: Pierre denied reports that Saint Lucia’s delegation walked out during Netanyahu’s UN address, insisting the country’s stance on conflicts remains clear. Trade & Services Skills: OECS is rolling out EU-funded training for trade in services stakeholders across member states, aiming to strengthen policy, regulatory reform and negotiating capacity. Tourism Jobs Push: An ILO study flags informality and weak labour protections as barriers to decent work in Eastern Caribbean tourism, calling for productivity and formalisation to move together. Payments & Merchants: Bank of Saint Lucia and Discover held a merchant seminar on modern payments, including tap-to-pay via smartphones. Regional Business Deal: CARICOM private-sector leaders welcomed Royal Caribbean’s planned US$3bn, 50% stake in Sandals and Beaches, expected to close in early 2027. Electricity Costs: LUCELEC set September 2026 fuel surcharge at 35.6 cents per kWh, citing higher August fuel prices. Youth & Education: Junior Achievement Saint Lucia was recognised at the JA Americas summit for restarting its youth entrepreneurship and financial literacy programme.
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