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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.
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.
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 ...
Barbados has one of the world’s oldest postal services. In 1663, during the reign of Charles II, England’s imperial Post Office established a packet agency on the island. Barbados was the second territory in the British West Indies to establish an inland post service by an Act of Parliament.
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
Barbados has numerous internationally known hotels. Time-shares are available, and many smaller local hotels and private villas that dot the island have space available if booked in advance. The southern and western coasts of Barbados are popular, with the calm light-blue Caribbean Sea and their white and pinkish sandy beaches.
Barbados also maintains a Cabinet level position to the Caribbean Community. For its own purposes, the CARICOM organization classifies its members as either More Developed Countries or Less developed countries. Barbados is classified as fitting into the More Developed Country (MDC) range. As such, Barbados is a large stakeholder in the CARICOM ...