St. Lucia and Taiwan exploring multi-billion dollar yachting partnership

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St. Lucia and Taiwan exploring multi-billion dollar yachting partnership

The opportunity for a billion-dollar yachting sector partnership is being explored by the governments of Saint Lucia and the Republic of China (Taiwan).

During the recent state visit here by Taiwanese President Ma Ying-jeou, Saint Lucia`s Minister for Tourism Lorne Theophilus encouraged the Taiwanese to use Saint Lucia as a hub to market yachts built in Taiwan – the world’s fourth largest producer of mega yachts.

In his speech at a breakfast meeting hosted by the Taiwanese president to discuss tourism-related issues, Minister Theophilus disclosed that the government of Saint Lucia will offer incentives for the registration and berthing of yachts manufactured in Taiwan.

“As part of our tourism product, Saint Lucia is quickly becoming prominent as a haven for mega yachts and yacht-related activities as we host a minimum of four internationally recognised yachting events and are poised to increase this number to include a Mega Yacht Regatta in 2014. Taiwan is world renowned as a yacht-building nation, amongst other things, and we believe that while we can learn from you in terms of your yacht-building and maintenance techniques, which are vital for the provision of the ancillary services related to the ever growing yachting sector, that Taiwan can also benefit from our increased presence in the world market as a yacht haven and use Saint Lucia as a hub to market yachts built in Taiwan. We propose further that we can offer an incentive registration and berthing of yachts purchased from Taiwan amongst a variety of other initiatives which include joint marketing that will result in fiscal benefits for both of us,” he said.

In preparation to maximise the potential benefits from the billion-dollar yachting sector partnership, the government of Saint Lucia has moved to legislate the set up of a Yachting Registration Desk.

Steps are also afoot for the establishment of maritime training programmes at the Sir Arthur Lewis Community College.

For its part, the Taiwanese government has favourably welcomed the proposed collaboration and pledged its support to ensure mutual benefit for both countries.

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6 COMMENTS

  1. What about the Capital of the country.... needs more attention the tourism. seeing that tourist season is opening in a few weeks.... or st.jude's hospital or the roads which were damaged when tomas passed.... I see that can be put on hold i.e tourism

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  2. You know this is so unnecessary at this time. We are so concerned with tourism tourism tourism but still we have roads that need to be attended to. Why don't we use the resources of "the well known builders" to develop our roads. This is so sick...

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  3. GG, you are well on point with your assertion. SL is in a mess and not even the Taiwanese can bail us out

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  4. I will believe it when I see it. For now I think its just a media PR- given the governments sagging ratings.

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  5. While I see nothing wrong with this concept, the Government should remember that the industry has grown on the backs of the smaller yachting craft, live aboard s and the ARC these should not be forgotten or priced out of the market

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