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(...) To support the sector in the wake of the 2011 floods and to encourage low-income people to buy new, more environmental-friendly cars, the Government paid first-time and 2011-flood-victim car buyers an amount equivalent to the excise tax imposed on the particular automobile (up to a maximum of B 100,000). (...)

Thailand launched the Second Phase of its Eco-car scheme in September 2013; it provides numerous tax incentives (corporate tax, import duty and other tax benefits) (section 4.6.1.1). Eligibility to the scheme is conditioned, inter alia, on the achievement of substantive investments and production (both in terms of manufacturing lines and volume), with a threshold for manufacturing capacity of 100,000 cars/year (from the 4th year onwards). There is concern that such a high volume of production aimed at achieving economies of scale is not likely to be absorbed by the domestic market, therefore, as part of the output would have to be exported these tax incentives could constitute cross subsidies to export activities. The authorities indicated that the Eco-car scheme is similar to that of many automobile producing countries, in particular developed countries.

(...) More recently, Government policy has expanded from promoting the pick-up truck as a product champion to promotion of the Eco-car, and this is also reflected in new incentive schemes offered (Table 4.13).

Table 4.13 Automotive industry incentives, 2014
Administering body Date introduced / terminated Summary description
Ministry of Energy Introduced in 2006 Natural Gas Vehicle Initiative: NGV subsidies of B 2-3/kg offered through the PTT Public company for new natural-gas-powered cars. These vehicles are also exempt from import duties (see section 4.5).
(...)
BOI and MOF Phase I 2007/2007
Phase II 2013/2014 Eco-Car Programme:
BOI offers a 6-8 year corporate income tax holiday and duty-free importation of machinery for Eco-Car projects with a minimum investment value of B 5 billion. Vehicles must have fuel economy of at least 20km/litre and meet specified emission and safety standards. Certain parts must be produced locally, although imported raw material is permitted.
MOF offers a reduced excise tax of 17% on cars with petrol-powered engines smaller than 1,300 cc and diesel-powered engines below 1,400 cc (equivalent to a US$1,000 reduction in the retail price).
The requirements for fuel consumption, emission, and safety standards are stricter under the Phase II program and the corporate income tax exemption is for 6 years.
(...)

Table A4. 2 GDP originating from manufacturing at market prices, 2011-13
(B million)
2011 2012 2013
Recycling 2,294 2,559 3,002
(...)

The theme of Barbados’ Growth and Development Strategy is "Adjustment, Reform, Recovery and Sustainability".

Barbados' growth strategy focusses on increasing the country's market share in the activities in which it has established its international competitiveness, namely: tourism, international business and finance, agro-processing, and green energy. The authorities envisage a growth strategy driven by the private sector, with the Government providing appropriate fiscal incentives, as well as reducing the cost of doing business.

To achieve its vision, the Government prepared a white paper as a precursor to the Tourism Master Plan, which was submitted to the cabinet for approval and is expected to be a published in the public domain before the end of the year. The white paper identified the shortcomings of the industry in Barbados and highlighted changes that need to be made. These included: developing a green economy which will result in a more sustainable, responsible and competitive tourism industry; creating new, exciting and authentic niche products and attractions that appeal to the demands and expectations of the new tourist; creating an enabling environment to attract new foreign and domestic investment; developing a professional, well-trained and knowledgeable workforce; developing a world-class product based on a culture of operational and service excellence; developing stronger linkages with key sectors; improving infrastructure; enhancing research and trend analysis capacity; developing a crisis-resilient industry through, inter alia, the diversification of source markets; developing strategic, targeted and creative marketing and promotional strategies and initiatives; and improving the integration between tourism, the environment and the community.

The Ministry of Tourism has prepared a white paper to boost the attractiveness and sustainability of Barbados’ tourism product. Among its manifold goals are the capturing of local innovation in service and product development and the creation of a green economy. The initiative once implemented would assist in the expansion of the revenue base for all tourism services.

The Government‘s vision is to "develop a sustainable, people-centred, high-yield, and innovative tourism industry". The Government considers that "sustainability depends, to a large extent, on engaging the community. As such, for tourism to be truly sustainable, it must put the Barbadian people at the epicentre of the industry's development. (…)".