St Kitts-Nevis approves duty-free concessions for small businesses
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| Published on Friday, March 23, 2007 |
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BASSETERRE, St Kitts (CUOPM): The St Kitts-Nevis government has approved the applications for duty-free concessions from a number of small businesses.
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| Driftwood on Port Zante, owned by Alphonso O'garro |
“Cabinet considered and approved a range of applications for duty concessions made by a number of small businesses,” Minister of State in the Ministry of Finance, Sustainable Development, Technology and Information, Sen. Nigel Carty disclosed during a post-Cabinet statement.
He said that the concessions were granted in line with the government’s policy to further develop small businesses to support the Manufacturing and Tourism sectors, in particular.
Carty said: “This policy has become even more important given the increased dependency of our economy on the tourism industry and the need to increase the competitiveness of small businesses in the context of the emerging Caribbean Single Market and Economy (CSME). |
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