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Date: 23 Apr, 2021
Source: Invest Barbados

Barbados is open for business!

This was the key message when CEO of Invest Barbados, Kaye-Anne Brathwaite addressed the Greater Miami Chamber of Commerce during its international business committee meeting, held virtually earlier this month.

Apart from Barbados’ high ranking in indices such as development, literacy, competitiveness and quality of life, as well as the country’s low crime and poverty rates, the CEO also noted that “Barbados has a long history in financial services with over 4,000 financial service companies, 40 double taxation agreements, and nine bilateral investment treaties.”

Invest Barbados has continued the promotion of its key productive sectors as a means of diversifying the country’s economy. According to Brathwaite, “These include areas such as insurance, wealth management, financial services, information communication technology, renewable energy and niche manufacturing, to name a few. The majority of these sectors generally withstood the shocks from the pandemic and registered increased demand, particularly the insurance, information communication technology and niche manufacturing sectors.”

She also indicated that the renewable energy sector was “buzzing with activity” while the agriculture sector had experienced substantive growth even during the pandemic. Medical tourism, global education and FinTech were also mentioned as sectors in which investment opportunities flourished in Barbados.

The CEO encouraged persons to connect with Invest Barbados to further explore what the jurisdiction had to offer.