Guadeloupe belongs to the Greater Caribbean Area, which comprises numerous territories with disparate statuses and economies. The 38 territories of the Caribbean have very diverse statuses: the French Departments in the Americas (DFA) are an integral part of France and as such, of the European Union while British and Dutch territories are endowed with considerable autonomy.
The colonial past has generated distinct cultures and languages. The level of development, strong foreign influences — in particular that of former Metropolitan nations — and the unequal distribution of natural riches have lead to unique development processes. For Caribbean islands, insularity constitutes an additional isolation factor.
Accounting for 4% of the world population, the Caribbean area represents a huge market offering great opportunities.
The Guadeloupe Regional Council wishes to take advantage from this ideal geographical location and conquer the Caribbean market all the while boosting the economy. It strives to integrate Caribbean bodies and thus foster exchanges and agreements with neighbouring territories. It strongly encourages economic players to export to those markets.
Key figures of the Caribbean area
- 5,2 million km², 38 territories of extremely varying sizes: 2 million km² for Mexico, 91 km² for Anguilla
- 250 million inhabitants. Mexico is the most populated country and accounts for about 40% of the Caribbean population.
The Caribbean entail a majority of emerging markets showing, as a matter of fact, a strong growth potential in multiple sectors. However, competition remains stiff, given the specificities and regulations of each territory.
The Guadeloupe Regional Council is well aware of how opening the territory to the Caribbean will have positive impacts, especially in economic terms. Nevertheless, it is also aware that challenges must be faced in order to conquer those neighbouring markets.
Thus, the regional authority set up, along with various partners, a vast array of tools meant to help economic players eager to develop exchanges with other parts of the Caribbean. It also endeavours to gain more room within Caribbean bodies and further representation in several neighbouring countries. The Region aims at defending its interests and signing agreements likely to benefit Guadeloupe’s economy.