NASSAU, Bahamas — The Bahamas’ chief WTO negotiator has urged businesses to identify overseas markets this nation should target, arguing it has “billions of dollars” in untapped trade potential to unleash, The Tribune reported November 27.
Zhivargo Laing, the former minister of state for finance, told Tribune Business in a recent interview that the Bahamian private sector needed to proactively identify goods and services export opportunities that would secure its future growth in the World Trade Organisation’s (WTO) rules-based trading environment.
Disclosing that other countries were already approaching The Bahamas on behalf of their own industries about opportunities in this nation, Mr Laing said this nation was already fully engaged in international trade as highlighted by its $473.335m worth of goods exports in 2017.
He argued that full WTO membership will provide the platform for the Bahamian private sector to expand beyond this nation’s borders and grow gross domestic product (GDP) by millions of dollars, since it will provide “certainty and fair treatment” for both local and international investors.http://www.tribune242.com/news/2018/nov/27/wto-membership-unlock-billions-trade-potential/
