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Reduce tariffs on imports

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Ten things necessary to grow a Caribbean economy

Reduce tariffs on imports

imports

This is a tough one. Because so many governments depend on the income/taxes from
goods coming into the country they don’t like the sound of this proposal.

However when certain industries grind to a standstill they have to consider
moratoriums and ways to get the industry working and hiring people again.

A case in point is the construction industry. When the cost of importing building materials gets too high, then everyone suffers.
The builder, plumber, electrician, plasterer, labourers, taxi driver, shop – all suffer.
This stagnates an already weak economy.