George: Repeal ‘repressive’ Foreign Investment Act
The chairman of the Tobago Business Chamber, Martin George, has reiterated his call for the immediate and unconditional repeal of the Foreign Investment Act. In a media release on Friday, George said the chamber had been championing this repeal for many years. This “repressive and obstructive legislation,” he said, represents a palpable absurdity, especially in the face of the severe scarcity of foreign exchange in TT. “Instead of facilitating direct foreign investment like so many other islands in the Caribbean are doing, this archaic and anachronistic Foreign Investment Act has us placing and maintaining hurdles and obstacles in the way of investors. "The...
Continue reading