BARBADOS GIVEN TOP MARKS FOR BUSINESS INVESTMENTS

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Minister of Foreign Affairs, Foreign Trade and International Business, Christopher Sinckler

A Government Minister has given Barbados “top marks” as a place in which to conduct business.

Minister of Foreign Affairs, Foreign Trade and International Business, Christopher Sinckler, made this point today, while addressing participants at the official opening of a Business Meeting on the 10th Anniversary of the Twinning of the cities of Speightstown, Barbados and Charleston, South Carolina, at the Sherbourne Conference Centre.

Acknowledging that this country has built a well-deserved reputation for business, the Minister urged the gathering to explore the many possible opportunities and ventures while here.

Citing the most recent World Economic Forum’s Global Competitiveness Index for 2008-2009, Mr. Sinckler noted that Barbados placed third in Latin America, after Chile and Puerto Rico and 47th out of 134 countries internationally, which he attributed to our strong institutions, our political and economic stability, our first-class infrastructure and the high level of our human resources.

“We have been consistently ranked among the top countries in Latin America, and even globally in terms of the competitiveness of our economy as well as in terms of our level of human development,” said Mr. Sinckler.

Stating that Barbados is excited at the prospect of developing a deeper, more meaningful relationship with South Carolina in particular, and with the United States in general, he added that “due to our longstanding connections, we [Barbados] look forward to “building on that foundation as a means of enhancing our commercial and cultural ties in the future.

Meanwhile, Minister Sinckler announced that Cabinet recently agreed to the appointment of Robert “Bob” Johnson, former Head of Black Entertainment Television, and a major US investor as Barbados’ Honorary Consul to North Carolina.  “We are happy to have him on board as one of the partners for this country in that part of the United States of America,” he said. 

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