Successive administrations have squandered opportunities over the years to empower Bahamian entities in preparation for the competitive pressures that accession to the WTO will present. On the contrary, the tax burden on Bahamian residents and businesses have been increased by governments subscribing to a “tax, spend and borrow” philosophy. We submit that accession to the WTO is not a panacea to the myriad challenges confronting us as a nation and should not be touted as such. The government should reprioritize and focus its attention on addressing the systemic restrictions and structural deficiencies within our economy.
- DNA Position paper on the wto