Duty-free zones still coming

Minister of Finance Chris Sinckler is assuring Barbadians that the planned duty-free zones promised almost a year ago will be launched by August this year.

It was in his August 2016 Financial Statement and Budgetary Proposals that Sinckler had said the zones would provide duty-free shopping for Barbadians and visitors alike.

He said at the time that some areas had already been identified for the duty-free zones to be established, including the capital Bridgetown, Holetown on the west coast, Hastings/Worthing on the south coast and at the two main ports of entry.

Provision was made for this to happen through the Duties, Taxes and Other Payments (Exemption) Act, Cap 67B, the Tourism Development Act, Cap 341 (TDA) and the Special Development Areas Act, Cap. 237A (SDA) with Sinckler promising to establish a special committee to review the initiative with a directive to report its findings and recommendations to him within three months so a firm proposal could be taken to the Cabinet Committee on Economic Policy for review before it could be forwarded to the entire Cabinet for approval.

However, with the duty-free zones yet to be realized, Sinckler, in delivering the 2017 Financial Statement and Budgetary Proposals on Tuesday evening, said that initiative would now be launched “in coming months, in August to be exact”.

Pointing out that it was a measure that did not have the support of the Opposition Barbados Labour Party, Sinckler said he would shortly be laying the amended Special Development Areas legislation, to make way for the establishment of the duty-free zones.

“We will shortly be laying the Special Development Areas legislation to expand the areas that investors can get incentives to do things to improve Barbados’ economic and social development,” he said, adding that the amendments had already been finalized by the staff of the ministries responsible for Finance, Housing and Lands and the Town and Country Planning Department.

“Equally as well Mr Speaker, I will shortly lay in the House an amended Housing Incentives Act which will extend even more generous and targeted concessions to developers interested in pursuing low income housing,” he added.

9 Responses to Duty-free zones still coming

  1. Sean King
    Sean King May 31, 2017 at 2:20 am

    Duty free zones are no help to us. Food , paying bills and the high taxes that the Minister keep increasing will not be duty free so this is a waste of time .

    Reply
    • Kathyann Best
      Kathyann Best May 31, 2017 at 8:42 am

      He trying to take our minds off the extra taxes that he trying to kill we with.

      Reply
  2. Rubertha Blackman
    Rubertha Blackman May 31, 2017 at 5:39 am

    What about we zone wunnah to Culpepper island around high tide. This element is of no help if our currency has no value.

    Reply
  3. Sharon Taylor
    Sharon Taylor May 31, 2017 at 5:42 am

    U ain’t smart attal! All u had to do… Was during d month of july, make school shoes available duty free! Simple… Stop that guyanese trade of their passport!

    Reply
    • Sherry Denny
      Sherry Denny May 31, 2017 at 7:49 am

      U r one of the guyanese haters

      Reply
    • Sherry Denny
      Sherry Denny May 31, 2017 at 7:51 am

      Did they trade one to u. I glad wanna feeling the squeeze now more to come

      Reply
    • Sharon Taylor
      Sharon Taylor May 31, 2017 at 7:54 am

      So, because I made a comment on a trade that’s drawing from Barbados economy I hate guyanese! Gal run way wid ya petty self… My comnent stands…. Feel wunna so could frighten ppl…. Stupse…..

      Reply
  4. Vonetta Freeman
    Vonetta Freeman May 31, 2017 at 7:15 am

    How does a duty free zone help me . these people only thinking of self no one else . so frustrating .

    Reply
  5. Bobo May 31, 2017 at 3:48 pm

    Sinckler duty free zones are a ”bias system” against the local white business folks—had not for the local white folks Barbados would have sunk years ago-

    Worldwide–All duty free zones are located at the Airport –some countries have duty free shopping -in main cities- special shops for visitors–all items are sent to the airport — on departure the visitor will collect

    ”ON ARRIVAL” Since ten years international Airports have created duty free zone Sinckler is way behind time– blasted ediot

    Sinckler Wouldn’t it be great if your focus attract —education development evolving with the times–professional skills training– each child leaving with a diploma– each child a master of their survival–hence human growth–flourishing a healthy economy.

    Reply

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