EU blacklisting a mistake, says new BIBA head
Newly elected president of the Barbados International Business Association (BIBA) Andrew Alleyne has described the recent blacklisting of Barbados by the European Union (EU) as an error, which he expects will be corrected by November when the EU issues its new list of non-cooperative tax havens.
Alleyne said BIBA would be working closely with the Ministry of International Business and Invest Barbados “to make sure Barbados gets off the EU blacklist”.
At the same time, he has identified a need for greater dialogue between Government and the private sector in the midst of ongoing economic uncertainty.
Alleyne, who took over the presidency of BIBA about three weeks ago at the last annual general meeting, noted that the discussion process with Government had already started through the umbrella organization – the Barbados Private Sector Association.
However, he said “that is something we would like to see more of”.
“My plans are to focus on issues of concern to international business and foreign investors. We are looking at supporting Government in the international business unit. Our focus is on business facilitation. That’s an important issue for Barbados and Barbadians and foreign investors. Business facilitation is to make Barbados more business friendly for foreigners, more business friendly to foreign investors and to streamline the process of forming a new business. So we can compete with other jurisdictions,” added Alleyne.