INVESTIGATING THE COMPETITIVENESS OF AGRI-FOOD INDUSTRIES IN THE OECS SUB-REGION

Author(s): LORDE, TROY; LACORBINIERE, JASON; FRANCIS, M, BRIAN; ALLEYNE, ANTONIO; IYARE, SUNDAY; (2010)

Created 26 Jul, 2010
Categories Working Papers
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This paper assesses the competitiveness of agri-food industries in the Organisation of Eastern Caribbean States (OECS) vis-à-vis the EU in light of the current shift in trade dynamics, including the recently-signed Economic Partnership Agreement (EPA) with the EU. Using several measures of revealed comparative advantage at both the two and four-digit levels, we find that there are similarities in specialisation in broad agricultural product groups in the subregion, but notable differences at more disaggregated levels. The variation in comparative advantages across the OECS suggests that countries with uncompetitive industries in the subregion are essentially competing with their more highly specialised regional counterparts for market share within the EU. The findings suggest that countries in the OECS should aim to direct resources toward the most competitive industries to ensure that they remain buoyant in the face of increasing competition for the European market.

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