{"id":148724,"date":"2022-03-28T12:30:38","date_gmt":"2022-03-28T16:30:38","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=148724"},"modified":"2022-03-28T12:30:38","modified_gmt":"2022-03-28T16:30:38","slug":"antigua-barbuda-maintaining-defence-of-cbi-programme","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/","title":{"rendered":"Antigua & Barbuda maintaining defence of CBI programme"},"content":{"rendered":"
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The Antigua and Barbuda government has stepped up its efforts to stave off efforts by the European Union (EU) to derail the controversial Citizenship by Investment Programme (CBI), with Prime Minister Gaston Browne indicating that he has sent a letter to the EU on the issue.<\/p>

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\u201cI have taken the opportunity to write to them, to let them know the impact that they are about to inflict on our CIP programs and the impact on our economies,\u201d said Browne, who last week had called on member countries of the Organisation of Eastern Caribbean States (OECS) to provide a united front on the issue.<\/p>\n

He said that the letter would provide evidence that Antigua and Barbuda probably hold the most robust due diligence process before citizenship can be granted.<\/p>

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\u201cCitizens from these countries who are trying to access citizenship under the program would have to get clearance from Interpol, a review of their financial background and a police report from their country of residence,\u201d Browne added.<\/p>

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Under the CBI, foreign investors are afforded citizenship of a country in return for making a significant investment in the socio-economic development of the particular country. Several Caribbean countries have instituted CBI programmes.<\/p>\n

The United States has moved to decline visas to holders of passports obtained by the CBI and the European Union has passed a law giving countries three years to phase out the programme or face visa requirements for all its passport holders.<\/p>

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The EU Parliament has called for an EU \u201clevy of a meaningful percentage on the investments made \u2013 until \u2018golden passports\u2019 are phased out, and indefinitely for \u2018golden visas\u2019\u201d within the block.<\/p>\n

\u201cIt also asks the Commission to put pressure on third countries that benefit from visa-free travel to the EU to follow suit,\u201d according to the website said.<\/p>

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The resolution passed by the parliament with 595 votes to 12 and 74 abstentions says golden passports should be phased out fully.<\/p>

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Foreign Affairs Minister, E P Chet Greene has promised that St John\u2019s would be robust in its defence of the CBI telling reporters while a final decision has not been made as yet by Europe, scraping the CBI will not be an option.<\/p>\n

\u201cWe won\u2019t pre-empt losing this fight, we will fight it to the end. We understand the importance of this programme to us, we are operating a programme that is really above and beyond reproach. Our books can be pulled at any time and our reports are tabled in Parliament,\u201d Greene said.<\/p>\n

\u201cWe won\u2019t be quick to disband these programs, but rather we will continue to show the virtue, value, and management of these programs and hope that common-sense will prevail,\u201d he added.<\/p>\n

Browne said that the CBI does not represent any risks to Europe, adding \u201cas far as we are concerned, we are now collateral damage\u2026\u201d<\/p>\n

Browne said about 10 per cent of the country\u2019s revenue comes from the CBI while in other countries, their economies are almost absolutely reliant on their own CBI.<\/p>\n

\u201cIf they are successful in undermining our CBI, it will create problems for the OECS currency union countries. You can imagine the impact on these countries,\u201d Browne added.<\/p>\n

Apart from Antigua and Barbuda, the other OECS countries with a CBI programme are St Lucia, Grenada, Dominica and St Kitts and Nevis.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The Antigua and Barbuda government has stepped up its efforts to stave off efforts by the European Union (EU) to derail the controversial Citizenship by Investment Programme (CBI), with Prime Minister Gaston Browne indicating that he has sent a letter to the EU on the issue. \u201cI have taken the opportunity to write to them, […]<\/p>\n","protected":false},"author":3,"featured_media":133693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-148724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua & Barbuda maintaining defence of CBI programme - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antigua & Barbuda maintaining defence of CBI programme\" \/>\n<meta property=\"og:description\" content=\"The Antigua and Barbuda government has stepped up its efforts to stave off efforts by the European Union (EU) to derail the controversial Citizenship by Investment Programme (CBI), with Prime Minister Gaston Browne indicating that he has sent a letter to the EU on the issue. \u201cI have taken the opportunity to write to them, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-28T16:30:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/07\/Screenshot-2021-07-22-at-9.27.09-PM-1024x640.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"Antigua & Barbuda maintaining defence of CBI programme\",\"datePublished\":\"2022-03-28T16:30:38+00:00\",\"dateModified\":\"2022-03-28T16:30:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/\"},\"wordCount\":555,\"commentCount\":8,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1728\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/07\/Screenshot-2021-07-22-at-9.27.09-PM.png\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/\",\"url\":\"https:\/\/antiguanewsroom.com\/antigua-barbuda-maintaining-defence-of-cbi-programme\/\",\"name\":\"Antigua & Barbuda maintaining defence of CBI programme - 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