Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-1§39 |
Barbados |
2022 |
Measures |
Other measures |
Energy |
Relevant information
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1.39. (...) June 2018, the authorities launched their most ambitious fiscal reform programme to date, the The Barbados Economic Recovery and Transformation (BERT) Plan, to be done in three phases. The BERT Plan was implemented through a revised FY2018/19 budget and seeks fiscal and debt sustainability as necessary conditions for macroeconomic stability and economic growth. (...) The growth strategy of the BERT Plan rests on the following pillars: (...) (iv) diversifying the economy into new areas such as renewable energy (...)
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-2§10 |
Barbados |
2022 |
Trade Policy Framework |
Other measures |
Energy |
Relevant information
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2.10. The Medium-term Growth and Development Strategy (MGDS) 2013-2020 recognizes the need to sustain private-sector and investment-led productivity and export-driven growth. The Strategy states four goals, namely: (...) (iv) enhancing energy and environmental sustainability.
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Keywords
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Energy
Environment
Sustainable
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-2§12 |
Barbados |
2022 |
Trade Policy Framework |
Other measures |
All products/economic activities |
Relevant information
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2.12. Barbados has set the objective to achieve a fossil fuel-free economy and to strongly reduce greenhouse gas emissions across by 2030. Ultimately, the goal is to be the first 100% green and fossil fuel free island-state in the world.
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-2§35 |
Barbados |
2022 |
Trade Policy Framework |
Environmental provisions in trade agreements |
Not specified |
Relevant information
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2.35. The Economic Partnership Agreement (EPA) between the Caribbean Forum (CARIFORUM) and the European Union was signed in Barbados in October 2008 and ratified on 27 July 2015. (...) The EPA covers the areas of: (...) (iii) trade-related issues (competition policy, environment, transparency in government procurement, innovation and intellectual property, social aspects, and personal data protection) (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-2§41 |
Barbados |
2022 |
Trade Policy Framework |
Environmental provisions in trade agreements |
All products/economic activities |
Relevant information
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2.41. The Caribbean Forum (CARIFORUM) States and the United Kingdom concluded a free trade agreement in 2019, which was notified to the WTO in December 2020 and entered into force on 1 January 2021. The CARIFORUM-UK Economic Partnership Agreement (EPA) covers trade in goods, including rules of origin, preferential tariffs, and quotas, as well as investment and trade in services. It also contains provisions on (...) environment and social aspects (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-3§17 |
Barbados |
2022 |
Measures |
Import tariffs |
Manufacturing |
Relevant information
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3.17. (...) In accordance with Barbados' 2022 Most Favored Nation (MFN) tariff, there were 199 tariff lines with applied rates of 60%, which related mainly to HS Sections 10, 11, 14, and 20 [4].
[4] The main products in question were (...) solar water heaters (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-3§29 |
Barbados |
2022 |
Measures |
Tax concessions |
Agriculture |
Relevant information
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3.29. Agricultural companies may benefit from import duty concessions under the Agricultural Incentives Programme. Under the Programme, the following items can be imported duty free: (...) organic farming (...)
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-3§38 |
Barbados |
2022 |
Measures |
Ban/Prohibition |
Chemicals |
Relevant information
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3.38. The list of prohibited and restricted items is included in the First Schedule to the Customs (List of Prohibited and Restricted Imports and Exports) Order, 2009. Import prohibitions apply to (...) ozone-depleting substances (HS Ex 29.03) (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-3§40 |
Barbados |
2022 |
Measures |
Import licences |
Chemicals, Other |
Relevant information
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3.40. The authorities stated that the different application of automatic licensing to Caribbean Community (CARICOM) and non-CARICOM countries reflects different monitoring requirements. Licences are non automatic for imports where concerns relate to (...) radioactive materials (...)
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Secretariat TPR |
WT/TPR/S/431/REV.1 |
S-3§41 |
Barbados |
2022 |
Measures |
Import licences |
Not specified |
Relevant information
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3.41. The authorities note that the import licensing system is applied for monitoring, security, health, and environmental purposes, as well as protection of public morals, and that there are no quantitative restrictions. Licences are considered on a case by case basis. (...)
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