International business sector needs attention – Opposition Senator

Kerrie Symmonds charged that Barbados appeared to be losing, or have even lost the true pillars on which its economic fortunes were built. (File photo)

BRIDGETOWN, Barbados, Friday February 10, 2012 – Barbados Opposition Senator Kerrie Symmonds has tabled charges that the country’s international business sector is not being given the attention it deserves.

Speaking on the floor of the Upper House, Symmonds said the sector’s strategic plan for the period 2007 to 2012 had “now descended into obsolescence”.

He added that no priority was being given to legislative changes necessary if the sector was to become more competitive and compatible with the requirements of the international community.

And, he charged that Barbados appeared to be losing, or have even lost the true pillars on which its economic fortunes were built.

“The country has to have its hand held and be walked through the corrective measures... We have the universal acceptance of the need for this country to benefit from leading international financial executives coming here to do business, not just to do business, but better yet to reside amongst us to help with the transfer of skills and knowledge,” Symmonds said.

During his presentation, the Opposition Senator also took issue with Barbados’ position in relation to the revised Medium Term Fiscal Strategy and the country’s ability to remain compliant with requirements under international law. Click here to receive free news bulletins via email from Caribbean360. (View sample)