Bigger export push needed – Inniss

Minister of International Business, Industry, Commerce and Small Business Development Donville Inniss says he is “excited” about the prospects of having more Barbadian products and services readily accessible to the international Diaspora.

However, he is concerned that the country as a whole is not aggressive enough in taking advantage of the available export opportunities.

“I think that [the Diaspora] is a market that we have to be a little more aggressive in pursuing, getting more of products into their catchment area,” Inniss said, while highlighting the size of the overseas market.

“If they were really working with us, and us with them, we could probably do a lot of exports of distinct Barbadian products to their markets,” he added.

Inniss emphasized that while several local companies have benefited from regional trade missions organized by the state-run Barbados Investment and Development Corporation, he was eager to see more of them taking advantage of the opportunities available under the Economic Partnership Agreement (EPA), signed by CARIFORUM states and the European Union in Barbados in October 2008 to govern future trade between the two regions.

Under the agreement, the EU allows CARIFORUM duty-free and quota-free access to its market in all goods and services, with CARIFORUM agreeing to open 80 per cent of its market to the Europeans.

However, Inniss is not satisfied with the level of trade being done with the French territories, for example.

“They are part of the European regime and there are some opportunities there going forward,” he said, adding that as far as he was aware there were presently no tariff restrictions on Barbadian products.

However, the Government spokesman cautioned that non-tariff barriers could arise in the form of regulations, standards and delays at ports of entry.

He further cautioned local businesses that “if we want to get into other people’s markets with our goods and services we have to be prepared to allow them into our market and into our space.

“On one hand you get guys sometimes saying, ‘we need to charge more duties on some goods coming in here’, and then on the other hand saying, ‘I want to get my products into this market, can you help us get a lower rate of duty going into their market?’ And that is always a tough balancing act,” he added.

“It is never an easy task, but we have to continue to work on these matters,” he stressed. 

4 Responses to Bigger export push needed – Inniss

  1. hcalndre April 20, 2017 at 9:16 am

    What it is that barbados has to export on the international market? You said that barbados want to tax the iife out of the imports and on the other hand want to have a free ride on their exports, that`s barbados way of thinking anyway. Ask the people at Subway restaurants what taxes they are made to pay on their import products. When you are a supplier or manufacturer of any product, the standards have to be high and on time, not the barbados way of doing business.

    Reply
  2. Mikey April 20, 2017 at 10:18 pm

    Although I have a bit of respect for Minister Inniss, sometimes he really pushes his head in the sand, puts a Blindfold over his eyes and cotton-wool in his ears.
    The best and greatest PRODUCTS Barbados has ever exported are its PEOPLE.
    They earn a better living away from the country, send remittances back and invest in the development of the island.
    WHY WOULD A GOVERNMENT PUT RESTRICTIONS ON BARBADIANS LIVING AND WORKING OVERSEAS WHEN IT IS BETTER THAN STAYING AT HOME UNEMPLOYED AND BITING THEIR FINGER NAILS ?

    Reply
  3. Alex Alleyne April 20, 2017 at 10:58 pm

    Was we got Danville, tell me . I only seeing RUM and that need to get ban . BIM is a consumer island / services.

    Reply
  4. Ossie Moore April 25, 2017 at 3:01 pm

    Would the unproductive, unpatriotic Barbadians please leave their long left plantation mentality in the tenantry yard.

    Reply

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