SOURCE POINTE XPRESS NEWSPAPER- Antigua and Barbuda plans to implement a new tariff system starting on January 1, 2025, in line with its commitments under the CARICOM treaty.
This new system follows the Harmonised Coding System, HS 2022, which is being standardized across the region. During a recent meeting of the WTO Trade Facilitation Committee in St. John’s, officials discussed the upcoming changes.
Ambassador Clarence Pilgrim, the Permanent Secretary in the Ministry of Trade, highlighted that Antigua and Barbuda is behind many of its regional counterparts in adopting the updated tariff system, with the last update having occurred in 2007.
Ambassador Pilgrim expressed optimism about the transition to the HS 2022 Tariff, describing it as a potential turning point that will modernize the country’s tariff framework and improve trade classifications and international trade statistics.
He acknowledged the challenges that this new implementation would bring, especially concerning essential goods, and noted that the Cabinet’s decision to phase in the new measures represents a careful approach to protecting the economy and citizens.
He clarified that the implementation of the HS 2022 will affect many imported goods, but the Cabinet decided that all goods entering the country would not incur a higher tariff than what was imposed previously in the first year.
This means that consumers won’t see an increase in tariff rates initially. In the second year of the three-year rollout, any potential increase will be minimal, and it will decrease further in the third year.
Ambassador Pilgrim also mentioned the importance of progress toward establishing an Electronic Single Window, though budget constraints have delayed its implementation.
He emphasized that the country’s collaboration with international partners, including the WCO and governments from China, South Korea, and India, reflects a strong commitment to this goal.
However, the necessary upgrades to IT infrastructure must be addressed to ensure it operates effectively. He called on all stakeholders to keep working together, stating that collaboration and innovation are key to realizing a modern trade environment that fosters growth and prosperity for Antigua and Barbuda.
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Can we have price control actually work 1 day this year and ensure goods are being priced fairly before something else vis added we have to pay? Not sure if anyone noticed but we don’t have money here most are just trying to make it
“Get Ready, Folks! Antigua and Barbuda’s Rolling Out a Shiny New Tariff System”
Looks like Antigua and Barbuda’s hopping on the regional bandwagon with their very own tariff system, set to kick off in January 2025. Talk about a fresh start to the new year! This spiffy new system—the HS 2022, for those in the know—is the latest and greatest in trade classifications and statistics.
But let’s not get ahead of ourselves—it’ll be a gentle transition, says Ambassador Clarence Pilgrim. The Cabinet’s calling the shots, and they’ve got their citizens’ backs: no higher tariffs for the first year, and just a teeny-tiny increase in the second. So don’t go raiding those piggy banks just yet, shoppers!
Now, the new Electronic Single Window’s still on hold, thanks to budget constraints and some tech updates that need a little TLC. Still, with the help of international buddies like the WCO and governments from China, South Korea, and India, there’s a bright, shiny future ahead for trade in Antigua and Barbuda.
So buckle up, islanders, because collaboration and innovation are on the horizon. Who knows? Maybe one day, we’ll all be zipping through customs faster than you can say “import duty.” In the meantime, let’s raise a glass to growth and prosperity—Caribbean style!
Antigua and Barbuda is behind many of it’s regional counterparts….hmmmm that’s a nice way of saying that you are in violation of the agreement that you signed on to, and on top of that you talking about a phase in approach….What a piece of work. I wonder if COTED is aware of this phase in approach.