Bridgetown.
New electly president of the Barbados International Business Assocation (BIBA) Melanie Jones, says the international business sector can pump vital hard currency into the economy, with very little leakage.
"Fortunately this industry does not need to devour large quantities of our precious foreign reserves inorder to create and deploy its products and services. Yet presently its in brings to Barbados almost $900 million annually in foreign. This number could go up dramatically if we unleash the jurisdiction's potential by making it easy to do business in Barbados, Jones told Trakker News.
She noted that foreign exchange revenues are directly tied to Barbados success in winning global market share, which in turn depends entirely on our competitiveness.
"We do enjoy one or two clear advantages over our competitors but they are nimble and aggressive crowd and have executed strong enhancements, precisely where we are deficient in the business and faclitation area", she added.
Miss Jones is a partner with Lex Caribbean with 20 years experience as an international lawyer.
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