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The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
Customs duties vary by country of origin and product, with duties ranging from zero to 81% of the value of the goods. Goods from many countries are exempt from duty under various trade agreements. Certain types of goods are exempt from duty regardless of source. Customs rules differ from other import restrictions.
Customs valuation is the process whereby customs authorities assign a monetary value to a good or service for the purposes of import or export. Generally, authorities engage in this process as a means of protecting tariff concessions, collecting revenue for the governing authority, implementing trade policy, and protecting public health and safety.
Saint Lucia is served by two airports. Larger jets arrive at Hewanorra International Airport located in Vieux Fort, 40 miles South of Castries (which is the island's capital and largest city). Smaller inter-island planes land at George F.L. Charles Airport, just outside of Castries. Many major airlines serve Saint Lucia.
Saint Lucia is a mixed jurisdiction, [51] meaning that it has a legal system based in part on both the civil law and English common law. The Civil Code of St. Lucia of 1867 was based on the Quebec Civil Code of 1866, as supplemented by English common law-style legislation.
The OCTs are not subject to the EU's common external customs tariffs [20] but may claim customs on goods imported from the EU on a non-discriminatory basis. [21] They are not part of the EU and the EU acquis does not apply to them, though those joining OCTA are required to respect the detailed rules and procedures outlined by this association ...
An ordinance issued in 1817, by the Governor of Saint Lucia, Richard Augustus Seymour, confirmed that the customs, laws, and regulations of France remained in place. [71] This created confusion for British administrators who had to interpret the unfamiliar language and laws, as well as conflict with the French judiciary and British governors. [72]
The island currently attracts over 900,000 visitors annually. St Lucia has been able to attract foreign businesses and investment, especially in its offshore banking and tourism industries. Tourism is St Lucia's main source of jobs and income, accounting for 65% of GDP, and the island's main source of foreign exchange earnings. [23]