Minister of Trade and Commerce Donville Inniss does not believe Government has to offer new incentives to companies to get their products sold internationally.
“I am not satisfied that any new incentives are needed from Government to drive exports,” the minister said.
He told the SUNDAY SUN that companies which were serious about exporting “will get themselves export-ready”. “More efficient production processes, correct labelling, aggressive marketing, stickability, was what he listed as the factors needed in the import process.
A “deep and wide” consultation is what is needed with the manufacturing sector following this week’s Financial Statement and Budgetary Proposals.
Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, shared this view while addressing the official opening of the Barbados Manufacturers’ Exhibition, (BMEX), at the Lloyd Erskine Sandiford Centre this morning.
The Ministry with responsibility for International Business is undertaking a detailed self-assessment of its current suite of products to pinpoint inefficiencies and identify strategies to effect change.
This announcement was made today by Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, as he addressed the Institute of Chartered Accountants of Barbados’ (ICAB) International Business Workshop at Hilton Barbados Resort.
Commerce Minister Donville Inniss, has stressed that he will not engage in any “shouting match” but rather is seeking to “partner on sustainable solutions” to combat the real problems that confront our economy and society.
Speaking this morning at the Barbados Institute of Management and Productivity’s Annual General Meeting at Bagnall’s Point Gallery, Pelican Village, Mr. Inniss asserted that Government “has sought to contain the fallout of this economic beast by engaging in expenditure reduction and revenue raising measures”.