Bridgetown.
The cost of doing business in Barbados at every level is increasing as the economic financial crisis persists, says Lisa Gale, executive director of the Barbados Chamber of Commerce and Industry (BCCI).
"Simply put, these are tough times, the crisis is further compounded by rising commodity prices, including oil which is an essential make up of all business,Gale told Trakker News.
"This has increased the cost of business transactions at all level from the farm to the retail store, many companies have witnessed a significant decline in profits for the past 3 years"Gale said.
She stressed that Barbados is a small dot on the international trade market and have no influence on prices.
"We have to accept the prices in the international trade market, if we need the goods and services that we purchase, our trade is about 0.0001 percent of world trade; we are really a small dot .So as price takers we are not influential at all", she added.
