WTO Report: An open trade regime has helped economic and human development in Barbados
17 Sep 2008
Barbados’ generally open trade and investment regime, and its close integration into the world economy has helped it maintain some of the highest per capita incomes and human development indicators among developing countries, according to a WTO Secretariat report on the trade policies and practices of Barbados.
The report shows that Barbados' non-tariff barriers are low but that the applied MFN tariff stands at a relatively high average of 16.2%. This creates an anti-export bias which Barbados has tried to offset through fiscal and other incentive programmes.
Rationalizing those programmes and continuing to take steps to enhance competition in the domestic market would shore up the position of Barbados' mainstay sectors like tourism and financial services. It would also improve consumer welfare and provide greater flexibility in economic management.
Read More...
Source: WTO
Rationalizing those programmes and continuing to take steps to enhance competition in the domestic market would shore up the position of Barbados' mainstay sectors like tourism and financial services. It would also improve consumer welfare and provide greater flexibility in economic management.
Read More...
Source: WTO
