St. Lucia - Time to export

Time to export (days)

Time to export (days) in St. Lucia was 14.00 as of 2014. Its highest value over the past 9 years was 22.00 in 2006, while its lowest value was 14.00 in 2014.

Definition: Time to export is the time necessary to comply with all procedures required to export goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 22.00
2006 22.00
2007 19.00
2008 16.00
2009 15.00
2010 15.00
2011 15.00
2012 15.00
2013 15.00
2014 14.00

Time to export, border compliance (hours)

Definition: Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2014 27.00
2015 27.00
2016 27.00

Time to export, documentary compliance (hours)

Definition: Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2014 24.00
2015 24.00
2016 19.00

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade facilitation