Private sector calls for Dialogue on high Unemployment Rate

The St. Lucia business community has expressed concern about the rate of unemployment, especially among the youth, and has called for national dialogue on the matter. Unemployment currently stands at 25 per cent and unemployment among young people hovers around 49 per cent. The Chamber of Commerce, Industry and Agriculture made its concern known during a meeting with Commerce and Investment Minister, Emma Hippolyte, one in a series of planned meetings with key government officials to ensure relevant matters are addressed.

According to a Chamber statement, the Chamber and the Minister examined progress on the ease of doing business and agreed that while some progress had been made, there still was not sufficient aggressive action in some crucial areas.

“The Customs and Excise Department came in for praise, but the fact that little progress had been made on the important Single Window objective was disappointing,” the statement said.

Emma Hippolyte in a meeting with the Chamber of Commerce.

Emma Hippolyte in a meeting with the Chamber of Commerce.

Hippolyte gave an update on the work of the Ministry over the last few months, where some changes to the structure had been approved by Cabinet, specifically the merging of the Small Enterprise Development Unit and the Trade Export Promotion Agency. “The Chamber raised concern over the high level of unemployment in the country and called for a national dialogue on this serious matter which affects the youth disproportionately. The Chamber also called for structural reforms including tackling the education system to improve outcomes and performances.

“Other subjects discussed in the two-hour long meeting included, proposals for amending VAT ( Value Added Tax), the poultry industry, the Trade License Regime and the problem of vagrancy in the country which the Chamber agreed to lead the discussion on finding a human approach to dealing with this bothersome and socially unacceptable situation.

“The parties agreed to have follow up discussions and redouble efforts in making progress on ‘Making it Easier to Do Business in St. Lucia’,” the Minister revealed

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