The Government is working hard to reduce the length of time it takes to do business in T&T by eliminating all excessive regulations and bureaucracy that hinder the way T&T conduct business, says Trade and Industry Minister Stephen Cadiz. In the last two week, Cadiz has reinforced the consistent message of the Government's seriousness in tackling the bureaucracy in several speeches and interviews he has given. "If we want to boost the economy and improve the way we do business, we have to stop operating under all these archaic laws and regulations," Cadiz said. Cadiz was making reference to the archaic laws under which Customs and Excise was operating.
The Government is working on legislation to would improve doing business in T&T with plans to table the Data Protection and Privacy Bill and the Electronic Transactions Bill in Parliament before year's end. There will also be the "much needed" amendment to the Exchequer and Audit Act. These bills will provide the legislative framework for the delivery of Government services through the Internet and mobile devices. Other parts of the Government are also attempting to lessen the bureaucracy and improve the efficiency of the delivery of government services in the country through the use of Information, Communications and Technology (ICT). The Ministry of Public Administration is working on implementing the T&T Government Wide Area Network (WAN), known as GovNeTT which will link all government ministries.
He noted that the excessive regulations, bureaucracy and lack of productivity were contributing to the loss of T&T's competitiveness. "We have to cut away the all these regulations and bureaucracy," he said. "It takes 115 days to set up a business while it takes Jamaica about two weeks...this cannot be," he added. He stated if Jamaica which has the same history like T&T can do it, then why can't T&T. Earlier this month the International Finance Corporation revealed in its Doing Business survey that T&T fell 16 places within a year, moving from 81 in 2010 to at 97 in 2011. Cadiz said, "Actually T&T ranked 42 eight years ago, so that is not a very good track record...this is a sobering statistic," he said.
It was for this reason Cadiz said that the Government was establishing the Single Electronic Window called the TTBizlink. He said it was scheduled to come on stream in January 2011, which will integrate all relevant government agencies involved in doing business at the Port of Port-of-Spain. "When fully operational, it would revolutionise the way trade and business is conducted in T&T," he added. "No longer would there be a need for multiple forms and repeated trips to several different agencies," Cadiz said. TTBizlink will connect five Government ministries and 13 agencies involved in the trade approvals. Some benefits derived from this IT solution include greater operational efficiency, increase in the speed of business and trade transactions and sharpening the competitive edge of companies and industries.
There are eight modules which comprise the core TTBizlink that were developed in conjunction with users and operators including permit and licenses, import duty concession, work permit application and company registration. During the question and answer segment on Tuesday at the T&T Chamber and Industry's quarterly luncheon at its head office in Westmoorings, Cadiz was questioned by Percy Lall, a customs broker, who expressed concern that TTBizlink may replace brokers in the future. Cadiz assured him that everyone would still have a role to play. However, Cadiz told the various business executives present at the luncheon to broaden their base and look to new markets. He said it was imperative that the business community deepen and widen its trade relations.
"You need to crank it up to another level...look beyond Caricom," he said. He added that the Government was willing to facilitate the process. He also called on them to maximise on all the different trade agreements and institutions that would allow them this opportunity. But Philippe Agostini, executive chairman of CGA Ltd said, "While I understand we must move beyond that, we need to preserve what we have with Caricom." Agostini stated that T&T was the major beneficiary of Caricom. Cadiz also called on the business community to partner with the Government to deal with the issue of crime as they too had a responsibility.