Saint Lucia
| Articles |
3.1
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3.2 (a), (b)
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3.3
–
3.4
–
3.5
–
3.6 (a), (b), (c)
–
3.7
–
3.8
–
3.9 (a) (i), (ii), (i), (ii), (iii), (iv), (c), (d)
View measure text |
|---|---|
| Indicative date of implementation | 28 May 2021 |
| Definitive date of implementation | 30 June 2024 |
| Extension of time |
Request received
29 August 2022
Original definitive date
31 December 2022
New date requested
30 June 2024
Date approved
30 June 2024
Reason
The technical assistance notified as a requirement for implementation support has not been secured. The Government of Saint Lucia is engaged in ongoing discussions with the International Financial Corporation of the World Bank Group for assistance to implement this measure and is at present awaiting further details as to the status of this request.
Committee approval:
Approved
Link to notification
|
| Assistance required for implementation |
• Legal drafter for the establishment of a legal or administrative document that addresses this measure. • Technical assistance to develop and administer the system. |
| Donor / Agency |
World Bank |
| Progress reported |
13 October 2023 — G/TFA/N/LCA/5The Government of Saint Lucia has been successful in securing assistance from the World Bank Group under its Trade Facilitation Support Programme for technical assistance and capacity building to implement an Advance Ruling Regime for Saint Lucia in accordance with Article 3 'Advance Rulings' of the TFA.An in-country mission was conducted by a team from the World Bank from 7-10 March 2023 to undertake a needs assessment to determine what Saint Lucia requires to implement an Advance Ruling Regime. On 21 August 2023, the Saint Lucia Cabinet of Ministers granted approval for the development of the legislative, regulatory, administrative and operational framework required for the implementation of an Advance Ruling Regime with the support of the World Bank Group. Having received Cabinet's endorsement to proceed with the necessary legal reforms, regulatory and administrative work, efforts are continuing towards developing the framework for Saint Lucia's Advance Ruling Regime. |