Saint Lucia Saint Lucia Background The island, with its fine natural harbor at Castries, was contested between England and France throughout the 17th and early 18th centuries (changing possession 14 times); it was finally ceded to the UK in 1814. Self-government was granted in 1967 and independence in 1979. Saint Lucia Economy The recent changes in the EU import preference regime and the increased competition from Latin American bananas have made economic diversification increasingly important in Saint Lucia. The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries. The manufacturing sector is the most diverse in the Eastern Caribbean area, and the government is trying to revitalize the banana industry. Economic fundamentals remain solid. Saint Lucia Location Caribbean, island between the Caribbean Sea and North Atlantic Ocean, north of Trinidad and Tobago Saint Lucia Flag blue, with a gold isosceles triangle below a black arrowhead; the upper edges of the arrowhead have a white border
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