PHOTOS: BMEX 2018 kicks off as manufacturers ask government to do more
It is time more is done for manufacturers in Barbados.
The call from president of the Barbados Manufacturers' Association (BMA) Robert Noel.
Noel wants whoever takes office as the new government on May 25, to give support to the sector, similar to that given to tourism and the financial services sector.
The opening ceremony of Barbados Manufacturers' Exhibition (BMEX) launched on Friday, was the forum at which Noel made his call.
He stressed that he is committed to seeing the growth of BMEX, which has become a staple of the Barbadian calendar. BMEX he emphasized, showcases the resilience and commitment of Barbadian people and manufactures. This is why he believes they need all the support they can get, as the sector provides jobs and brings in foreign exchange which the country “desperately” needs at this time.
“Our Manufacturers continue to press on even as they have been significantly impacted by such measures as the National Social Responsibility Levy and the two percent foreign exchange fee. In addition, the purchasing power of ordinary Barbadians has been weakened and we are faced with falling demand for our products," he asserted.
Noel noted that this has had an impact on companies’ profits, especially those companies which depend heavily on the local market. In spite of this, companies have been doing their best to maintain employment levels, explore new markets and develop innovative strategies to remain competitive he added.
The BMA he stressed, has and will continue to do their part to ensure that the manufacturing sector thrives. It is the aim of the association in 2018 to broaden the services offered and to ensure that all Barbadian manufacturers know about the benefits of joining the association.
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