Bahamian Business Sector Must Stay Ahead Of The Game Says PM

by Amanda Banks, Tax-News.com, London

23 January 2004

While the Bahamas continues to attract many billions of dollars in inward investment, Prime Minister Perry Christie warned on Monday that the country must continue to cut the cost of doing business in the jurisdiction if it is to remain an attractive location for foreign firms.

"What I am concerned about is what happens to The Bahamas if we do not become more aware of how much it costs to do business in The Bahamas and how much it costs to do business in competing jurisdictions in this region,” Mr Christie told viewers and listeners of ‘The Prime Minister Speaks,’ aired on national radio and television earlier this week.

Although the Prime Minster acknowledged that investment levels represented a “new appreciation” of the Bahamas from the outside world, he declared that the nation has “an obligation to come to grips with our product.”

Christie remarked that it will be in the jurisdiction’ long term interest to “know that people think in great numbers that our product may be lousy, or their experience is bad and they are not getting value for money.”

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