COMMISSION ON COMPETITIVENESS TO BE REINVIGORATED

Government is putting the relevant institutional infrastructure in place to ensure that greater levels of efficiency, productivity and international competitiveness are achieved.

This disclosure from Minister of Finance and Economic Affairs, Christopher Sinckler, while giving the feature address at the official launch of the Barbados Electronic Single Window (BESW), at the Lloyd Erskine Sandiford Centre.

Mr. Sinckler said that Government, through the Barbados Competitiveness Programme (BCP), had taken steps to reinvigorate the Commission on Competitiveness and to establish a supporting Technical Unit, in an effort to urgently address erosions in this island’s international business and trade related rankings;-

The Finance Minister told the audience right now, the BESW was more than 90 per cent complete. Mr Sinckler pointed out there were some additional forms that needed to be integrated into the system and added the full integration should be completed by the end of March, 2017.

He noted that the anticipated benefits from creating a single window environment could be seen from the perspectives of Government and the private sector;-

An electronic single window is an environment that facilitates the electronic submission of standardised international trade and transport-related documents to a single point for processing and approval.

The BESW will provide a single online interface for the exchange of trade-related documents between the trading community and relevant government agencies.

Within this environment, all transacting parties will be able to fulfill their obligations online from anywhere, using any form of internet-enabled communication device.

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