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The Fair Trading Commission (FTC) is a Barbadian independent government agency under the Ministry of Energy and Business Development.It is responsible for competition policy, trade practices, formulating fair trade policy, laws, regulations and investigating activities restricting competition, such as monopolies, mergers, collusions, and other unfair trade practices on the part of enterprises.
It also provides other functions such as revenue and cashiering for the Barbados Licensing Authority and the Customs Department respectively. It was established on April 1, 2014, by the Barbados Revenue Authority Act, 2014-1 [ 2 ] as a merger between Inland Revenue and Land Tax Departments and the Value Added Tax (VAT) & Excise Divisions of the ...
The Ministry of Foreign Affairs and Foreign Trade of Barbados is a key Barbadian government agency responsible for regulating, maintaining, and developing Barbados's external relations and the nature of trading with foreign countries.
This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade.
The Government of Barbados contains a number of government ministries which control and govern various aspects of the country. [1] Barbados currently has around 30 ministries, each with its appointed Minister.
Succession for Barbados 30 November 1966. Barbados maintains that since the United Kingdom entered into the agreement on 24 February 1965 that it is compulsory for Barbados which didn't become independent until 1966. [6] Nice Agreement concerning the International Classification of Goods and Services for the Purposes of Registration of Marks: 1967
The government has been chosen by elections since 1961 elections, when Barbados achieved full self-governance.Before then, the government was a Crown colony consisting of either colonial administration solely (such as the Executive Council), or a mixture of colonial rule and a partially elected assembly, such as the Legislative Council.
The Ministry of Finance, Economic Affairs and Investment is a government ministry of Barbados responsible for the management of public finances. Historically, Prime Minister of Barbados has mostly held the additional portfolio of Minister of Finance.