Subject to this Act, the Agreement for the Establishment of a Regime for Caricom Enterprises has the force of law in Barbados. The Agreement is annexed to the Schedule of this Act. This Act obliges the companies that aims at becoming a Caricom Enterprise to specify the purposes and to state the Member State in which their central management and control are situated. This Act sets out provisions on the jurisdiction and enforcement of judgements and the power of the Minister to make regulations and orders. The sectors of the regional economy in which Caricom Enterprises may operate are listed in the Annex of this Act: air and sea transportation; banking and financial services; construction and engineering services; consultancy services; and international marketing. Each Member State undertakes to consider a Caricom Enterprise for the granting of such fiscal incentives as the Member State may think fit in respect of agriculture, tourism and forestry that are mutually agreed by Member States.
Barbade · 1989-01-01