OAS praises Barbados’ recent tax measures
The Organisation of American States (OAS) has praised the Freundel Stuart administration’s recent expansion of the Barbados Tourism Incentive legislation.
Assistant Secretary General Albert Ramdin said the measure would provide more permanent tax benefits to the domestic private sector.
“I believe that this is an example of exactly the role the Government needs to play – enact the regulatory framework and facilitate the growth of critical economic infrastructure,” he told the 22nd Inter-American Congress of Ministers and High-Level Authorities of Tourism at Hilton Barbados Resort this morning.
He said the response of the benefitting business community has to be one of increased investment and creating more jobs.
“And putting in place practices that are innovative and environmentally friendly,” added the OAS top official.
Meanwhile, Ambassador Ramdin said he was greatly concerned about the “relative” limited transportation options and connections between OAS member states.
“Recently we had an improvement in this regard and this development should be encouraged,” he continued.
“With sustained economic growth in our region and a growing middle class with increasing purchasing power, promoting tourism among the member states of OAS represents an attractive market on its own,” he noted.