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EU Funding To Boost Caribbean EPA Implementation 5/25/2012 The Caribbean Development Bank and the European Union have agreed to fund a multi-million facility to aid members of the Caribbean Community in implementing the necessary reforms to allow them to fully benefit from the preferential trade conditions provided for in the CARIFORUM-EU Economic Partnership Agreement.
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Antigua And Barbuda Highlights Cash Declaration Law 5/22/2012 The government of Antigua and Barbuda has reminded travellers
to and from the nation of the need to declare cash amounts valued at more than
USD10,000.
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Antigua Issues Plea To US On E-Gaming 4/18/2012 Prime Minister of Antigua and Barbuda, Baldwin Spencer, has met with US Trade Representative, Ron Kirk, to discuss Antigua and Barbuda’s internet gaming case against the United States.
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Antigua And Barbuda's Finances Back On Even Keel 4/13/2012 The International Monetary Fund has recently conducted three reviews of Antigua and Barbuda's performance under a financial assistance package negotiated in June 2010.
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Antigua To Push WTO Enforcement Of 2005 US Gambling Ruling 2/21/2012 Antigua and Barbudan Minister of Finance and the Economy, Harold Lovell, has announced that Antigua will again launch WTO
proceedings against the United States and its treatment of offshore gambling operators.
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UK, Caribbean Talks Focus On APD 1/25/2012 Leaders from Caribbean nations and the United Kingdom agreed at the end of a two-day summit an action plan to establish 'a new and improved strategic partnership to promote prosperity'. Importantly, the UK government committed to reopen negotiations to mitigate the impact of the UK's air travel tax on Caribbean territories.
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Antigua Supported In Fiscal Retrenchment Efforts 1/19/2012 A joint delegation from the International Monetary Fund and the European Union
is in the Caribbean territory of Antigua to put into
motion a 30-month project to strengthen public finance management, and bolster
tax collection.
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Antigua And Barbuda To Update Internet Infrastructure 1/3/2012 The government of Caribbean territory Antigua and Barbuda has announced that
the islands will be undertaking major upgrades to Internet infrastructure
during 2012 as part of efforts to improve the territory's competitiveness.
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CARICOM Slams Sarkozy's Tax Haven Slur 12/12/2011 The Caribbean Community’s Council for Trade and Economic Development has publicly rebuked French President Nicolas Sarkozy’s characterization of three of its member states as 'tax havens'.
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Antigua And Barbuda Addresses OECD Concerns 11/30/2011 The government of Antigua and Barbuda is due to undertake amendments to the island's legal framework
for tax information exchange to address deficiencies highlighted in the latest
phase-one assessment from Organization of Economic Cooperation and Development
members.
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CARICOM Welcomes Progress Towards FTA With Canada 10/5/2011 Caribbean Community Secretary-General Irwin LaRocque has welcomed progress
towards the CARICOM-Canada Trade and Development Agreement, and praised Canada's
'keen and earnest approach'.
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Caribbean Territories Sign Up To Anti-Corruption Drive 9/15/2011 A number of offshore Caribbean territories have notified their consent to receive
on-site visits to evaluate their compliance with the Inter-American
Convention against Corruption.
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Implementation Of Caribbean Companies Registry Begins 9/9/2011 Antigua and Barbuda has become the first territory to implement the
Caribbean Community Online Company
Registration System, due to be rolled out across members of the Caribbean Single Market Economy by the end of the year.
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Antigua And Barbuda Unveils Stimulus Package 7/15/2011 Antigua and Barbuda's Finance Minister has launched a stimulus package which will provide a series of business incentives and tax concessions for targeted sectors and groups.
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Canada Expanding TIEA Network 6/6/2011 Canada's network of tax agreements is in the process of substantial expansion, with the entry into force of two tax information exchange agreements, and the commencement of negotiations on four others announced by the Department of Finance.
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CARICOM To Discuss EU EPA 6/3/2011 The Caribbean Community is to press forward with its implementation of the European Union Economic Partnership Agreement, with an impending meeting expected to discuss the deal's intricacies.
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Four UK-Caribbean TIEAs Enter Into Force 5/31/2011 The UK's tax information exchange agreements with four Caribbean countries have entered into force, each of which complies with the standards laid down by the Organisation for Economic Cooperation and Development.
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CARICOM To Suspend Common External Tariff 5/27/2011 Members of the Caribbean Community look set to suspend their Common External Tariff in the battle against the rising cost of fuel and commodities in the region.
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CARICOM Outlines Trade Negotiation Priorities 5/20/2011 As members of the Caribbean Community gather to discuss the region's external trade agenda, CARICOM has released a snapshot of what it calls the state of play of ongoing negotiations.
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OECS Working With WTO On Tariffs And Tax 5/16/2011 Following recent consultations in Dominica between the Organisation of Eastern Caribbean States's World Trade Organization members, the OECS has said that securing flexibility in negotiations on tariff liberalization will enable its governments to avoid cuts to border taxes.
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CARICOM To Hold Talks On EU Trade Deal 5/11/2011 During an important upcoming round of talks, members of the Caribbean Community are to discuss the implementation of the CARIFORUM-EU Economic Partnership Agreement, which aims at establishing a trade relationship which promotes the gradual integration of the CARIFORUM countries into the world economy.
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Antigua & Barbuda Launches Business Incubation Project 5/10/2011 Antigua and Barbuda has launched a new project aimed at securing the growth and success of small and start-up businesses through the creation of "business incubators", where a range of services will provide valuable support to the sector.
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Antigua & Barbuda Reschedules Debt With France 4/29/2011 Antigua and Barbuda has reached a new debt agreement with France, re-setting interest rates and the payment period.
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Antigua & Barbuda complete meetings with IMF and WB 4/25/2011 Antigua and Barbuda has concluded a series of meetings with World Bank and International Monetary Fund staff, with ministers requesting the increased engagement they believe would secure progress in social protection and growth.
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Free Movement Agreed For OECS Nationals 2/2/2011 Leaders of the Organization of Eastern Caribbean States concluded a two-day meeting
in Grenada with the signing of an agreement to facilitate
the free movement of nationals within the sub-region by August 1.
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Eastern Caribbean Faces Fiscal Challenges 1/28/2011 The International Monetary Fund has published recommendations for governments
in the Eastern Caribbean Currency Union in respect
of the fiscal challenges they face from the protracted global recession, and the fall
in tourism receipts.
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Caribbean Sharpens Response To Financial Crime 1/19/2011 In an effort to sharpen the regional response to transnational organized crime,
the Caribbean Community Implementation Agency for Crime and Security and the Caribbean
Financial Action Task Force have signed an agreement, laying down a framework for combating
financial crimes including money laundering.
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Antigua and Barbuda Signs Cooperation Agreements With China 1/6/2011 Antigua and Barbuda has announced the attendance on the islands of a high-level
delegation from China, led by State Councillor Liu Yangdong. Four bilateral pacts
were signed, including one to boost economic ties.
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Antigua And Barbuda First To Ratify OECS Economic Union 1/5/2011 The Prime Minister of Antigua and Barbuda, Baldwin Spencer, on December 30 became
the first signatory to ratify the Revised Organization of Eastern Caribbean States
Treaty of Basseterre, a first step toward establishing the OECS Economic Union.
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IMF Formulating Fiscal Plan For Indebted Caribbean 11/19/2010 The International Monetary Fund has announced the launch of a forum aimed at
drafting fiscal solutions for Caribbean territories, many of whom, due to the
financial crisis, have experienced significant expansion in their already
unsustainable deficits.
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Caribbean Urges Change To UK Flight Tax 11/17/2010 The Caribbean Tourism Organization has noted the publication of a report that comprehensively
analyzes the impact of the UK's aviation tax, the Air Passenger Duty, on the tourism
industries of Caribbean territories.
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Reforms Progressing Well In Antigua And Barbuda 11/4/2010 The International Monetary Fund has welcomed reform in Antigua and Barbuda,
in terms of bringing its public finances back onto a sustainable footing.
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UK Slammed For Turks And Caicos Intervention 10/11/2010 The Caribbean Community has released a statement noting its 'great concern' that the British government has decided to postpone general elections in the Turks
and Caicos Islands indefinitely.
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IMF Addresses Antigua And Barbuda Fiscal Crisis 9/9/2010 Concurrently with Article IV consultations, the islands of Antigua and Barbuda have requested a three year Standby Arrangement of SDR81m (600% of quota) from the International Monetary Fund in support of their macroeconomic and structural reform program.
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Netherlands Signs Two Caribbean TIEAs 9/9/2010 The Netherlands Ministry for Foreign Affairs has announced the signing of two Tax Information Exchange Agreements with the Caribbean of territories
Aruba, and Antigua and Barbuda.
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Caribbean Is Urged To Adopt VAT 8/12/2010 Owen Arthur, the former Prime Minister of Barbados,
has described value-added tax as the best option for the Caribbean region
in the age of trade liberalization.
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CARICOM Seeks FTA With Canada 7/22/2010 The governments of Antigua and Barbuda and Saint Kitts and Nevis have announced
that, before the end of the month the two territories will have concluded their
public consultations on a proposed regional Free Trade Agreement with Canada.
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Antigua And Barbuda Plans Ambitious Fiscal Reforms 7/21/2010 Antigua and Barbuda, having suffered its worst recession in decades, has been advised to implement far-reaching reforms to tackle significant fiscal deterioration that occurred in 2009.
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Antigua Pursuing Trade Sanctions Against US 7/12/2010 Antigua and Barbuda’s Prime Minister, Winston Baldwin Spencer has said that
the territory may have to apply sanctions against the United States to settle
a longstanding internet gaming trade dispute.
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Six OECS Member States Adopt Economic Union 6/21/2010 The Prime Minister of Saint Kitts and Nevis, and Chairman of the Authority of
the Organisation of Eastern Caribbean States, Denzil Douglas said at a meeting held on June 18 in a forward
looking statement that member states would sign a landmark agreement to establish
an economic union in the Carribean.
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Antigua And Barbuda Govt Unveils Tax Plans The government of Antigua and Barbuda has outlined the fiscal measures it has agreed with the International Monetary Fund to stabilise the country's budget deficit within three years. |
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OECD: Three More Caribbean Islands Make The Grade 5/21/2010 Dominica, Grenada and Saint Lucia have been moved into the category of jurisdictions considered to have substantially implemented the standard on transparency and exchange of information, having now all signed at least 12 exchange of information agreements conforming to the standard.
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OECS To Remove Export Subsidies 5/14/2010 Trade officials from members of the Organization of Eastern Caribbean States concluded talks on May 11, 2010, on
withdrawing government subsidies to the region’s exporters by the end
of 2015, as part of an agreement concluded with the World Trade Organization.
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Disgraced Regulator Set For US Extradition 4/30/2010 The former chief of Antigua and Barbuda’s financial regulator, Leroy King is to be extradited to the United States following a local court ruling.
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Brazil Calls For Mercosur-Caricom FTA 4/28/2010 During the CARICOM-Brazil Summit on April 26, delegations from the Caribbean Community and Brazil discussed enhancing trade ties following the opening of the Takutu River Bridge in September 2009, which creates a physical link between Guyana and Brazil.
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World Bank To Assist Antigua And Barbuda 4/27/2010 Following the success of Antigua and Barbuda's joint review on fiscal policy with the International Monetary Fund, the World Bank is to undertake a visit to the islands to discuss ways the Bank can further assist the country.
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Caribbean Amongst Last Regions To Recover 4/26/2010 Commenting upon the release of the International Monetary Fund’s World Economic Outlook Report, Chief of the World Economic Division, Petya Koeva Brooks, warned that the Caribbean region can expect a protracted recovery from the financial economic crisis, despite a return of more favorable conditions globally.
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Liechtenstein Parliament Approves Multiple TIEAs 4/27/2010 Liechtenstein’s parliament has, by a large
majority, approved 11 tax agreements submitted by the government and which are compliant with the Organization for
Economic Cooperation and Development’s standards on tax information
exchange.
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UK Consults On Remote Gambling 4/8/2010 The UK Department for Culture, Media and Sport has launched a consultation on the licensing of online gambling, underlying which has been the increasing trend for UK operators to move offshore and for UK gamblers to use offshore sites.
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OECD Promotes Multilateral TIEAs 3/31/2010 The Organisation for Economic Co-operation and Development has developed a new approach to negotiating tax information exchange agreements involving multilateral negotiations, in order to assist developing countries with resource constraints.
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World Bank Assesses Caribbean Debt 3/17/2010 Staff at the World Bank have been tasked with assessing the debt profile of
indebted Caribbean nations to advise on policy approaches to alleviate their
individual deficits, World Bank President, Robert Zoellick, announced on March
11.
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Antigua And Barbuda Increases Scope Of Sales Tax 2/16/2010 Antigua and Barbuda’s Minister of Finance, the Economy and Public Administration,
Harold Lovell has announced that the lower house of parliament has approved
an amendment to the island’s sales tax that will increase the tax take to put the
country’s finances on a sustainable footing.
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