News

Jan 15, 2013

BRIDGETOWN, Barbados - Should we congratulate St. Kitts and Nevis for being the most recent Caribbean nation to become a “high-income country, as defined by the World Bank? Recently, the President of the United States of America Barack Obama pointed out that it was his intention to terminate the designation of the twin-state as a beneficiary developing country under the Generalised System of Preferences (GSP) programme in accordance with the provisions of the 1974 Trade Act. He remarked that his reasons for doing so was that the country had become a high-income country and accordingly, its “eligibility for trade benefits under the GSP programme will end on January 1, 2014”. The move, which sees St. Kitts now joining a list of high-income nations as at July 2012 – including Barbados, Cayman Islands, Saint Martin, Sint Maarteen, Trinidad and Tobago, US Virgin Islands and the Bahamas – has provoked panic among some citizens who see it as a ploy for America to stop or reduce what they perceive to be badly needed aid.

Related News

Caricom
In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4...

In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4-7 July, the 18th meeting of the Bureau of the Conference of Heads of Government of the…

admin
Caricom
NATURAL DISASTER IMPACT MITIGATION: STRENGTHENING NATURAL DISASTER WARNING SYSTEMS ACROSS VULNERABLE...

The tremendous loss of life and destruction caused by the earthquake and tsunami in the Indian Ocean region on 26 December 2004 have shocked the world at large and shattered the lives of many…

admin
Caricom
NATURAL DISASTER IMPACT MITIGATION: STRENGTHENING NATURAL DISASTER WARNING SYSTEMS ACROSS VULNERABLE...

The tremendous loss of life and destruction caused by the earthquake and tsunami in the Indian Ocean region on 26 December 2004 have shocked the world at large and shattered the lives of many…

admin