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Democratic Labour Party Manifesto 2003
Manifestos » DLP Manifesto 2003» Industry and Commerce
Industry and Commerce « previous | next » 
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MANUFACTURING

Barbadian Manufacturers have suffered from our country's own success. A well educated workforce and a high standard of living have resulted in a demand for higher wages and together with high cost of raw materials have rendered this sector largely uncompetitive, regionally as well as internationally.

To survive, our manufacturing sector, with government assistance, will have to identify those niche markets where they can benefit from our Agricultural diversification, Tourism growth, Information Technology and Telecommunications liberalization.

Our manufactures must be willing to break new ground and move towards the non-traditional areas including cultural industries, becoming lighter and meaner.

A Democratic Labour Party government will:

  • Use the BIDC to provide the research and development necessary to engineer this shift in focus.
  • Facilitate strategic alliances between local and regional manufactures to avoid duplication and provide components, rather than everybody trying to produce the whole product.
  • Provide the necessary financial concessions for the establishment of recycling industries as part of our solid-waste management strategy.
  • Provide government assistance with joint export drives.
  • Encourage cargo consolidation to aid small manufactures in their export thrusts.
  • Locate at all of our major embassies overseas a Trade Attaché.
  • Our lower-tax regime and other fiscal policies will redound to the benefit of this sector.

INTERNATIONAL BUSINESS SECTOR & TELECOMMUNICATIONS

Under the BLP government employment in the International Business Sector declined from just under 3,000 persons to less than 1,400 hundred.

The sector faces an uncertain future as developed -G 7 - countries have expressed concern over the impact of offshore financial centres on the stability of financial markets arising from tax evasion and money laundering.

Notwithstanding the importance of building a network of treaties, the chief challenge is for Barbados to become more competitive in an effort to attract foreign investment and encourage investment.

The building of a Services Sector excluding tourism, must be driven by legislative reform which has started, but the sector cannot be sustained by changes to legislation, only facilitated.

It is imperative that we understand that the components of the services sector - financial, educational, health, cultural, e-commerce, informatics - are different and need to be approached as separate and distinct areas of opportunity.

At the heart of the creation of this new services sector in Barbados, is the recognition that telecommunication services
are critical to the process of exposing the above services to the international market.

Accordingly there is consensus among the experts that the WTO agreement on basic telecommunications services created a new regime for the world market. We must therefore pay close attention to regulatory fundamentals such as:

  1. Low barriers to entry in the market for communications services.
  2. Effective rebalancing of rates for services during the market transition.
  3. Strong interconnection policies.
  4. The creation of truly independent regularity authorities with the resources and authority necessary to foster competition and safeguard consumer welfare.

However, the DLP will discourage the introduction of metered rates in Barbados.

All of the aforementioned tax policies and financial incentives will also benefit this key sector by way of enhancing the economy's overall competitiveness.

INFORMATION

The Democratic Labour Party believes that one of the pillars of democracy is a free press. We will uphold and encourage freedom of expression from all our people.

We will:

  • Review the privatization of the Caribbean Broadcasting Corporation.
  • Issue new radio and TV licenses.
  • Encourage the airing of more local programming.
  • Set up a National Film Institute to produce quality local documentaries.
  • Introduce a Freedom of Information Act
  • Review of the laws of defamation

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Key
  Bajan Free Party   NDP = National Democratic Party   United Progressive Party
  Barbados Integrity Movement   People's Democratic Congress   WPB = Workers Party of Barbados
  Barbados Labour Party   PEP = People's Empowerment Party   Independent Candidate
  Democratic Labour Party   PPA = People's Political Alliance   *incumbent
  Kingdom Government of Barbados   Solutions Barbados   ** Political Leader
Sources
Barbados Electoral and Boundaries Commission
Bajan Free Party (2018). Retrieved from https://www.facebook.com/Bajan-Free-Party-BFP-HonAlex-MitchellEl-1767331239973521/
Barbados Integrity Movement (2018). Retrieved from https://www.facebook.com/barbdaosintegritymovement/?ref=py_c
Barbados Labour Party. (2018). Retrieved from https://www.blp.org.bb/
Coalition of United Party. (2018) Retrieved from https://www.facebook.com/alexmitchell.el/
Democratic Labour Party. (2018). Retrieved from http://dlpbarbados.org/site/
Solutions Barbados. (2018). Retrieved from https://solutionsbarbados.com/
United Progressive Party. (2018). Retrieved from https://uppbarbados.org/
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