Members of the World Trade Organization’s Informal Working Group on micro, small and medium-sized enterprises (WTO IWG on MSMEs) have released a package of Recommendations and Declarations to support MSMEs to strengthen their engagement in international trade.
The Department of Statistics recently released the Foreign Trade Statistics Quarterly Report for the Fourth Quarter 2019. The report contains tables that provide data on the value and volume of Trade between The Bahamas and the rest of the world.
According to Maury, business from mid-sized to smaller vessels trickle into communities, as those often call for their passengers to rent hotel rooms and vacation homes when they arrive at their island destinations. He said the return of that business will be a good sign for the industry.
As part of the Government’s $250 million five-year commitment for small business development, a minimum of $25 million will be set aside specifically for entrepreneurship programs geared toward Bahamian youth and toward women, said Prime Minister the Most Hon. Dr. Hubert Minnis.
The Ministry of Financial Services, Trade & Industry and Immigration has made the implementation of a proper arbitration regime one of its highest priorities.
