Members of the Executive Council of the Public Entity of Saba and their advisors are in Bonaire to discuss legislation that would enable them m to carry out price controls on regulated goods and also on goods that are designated ABB free. A delegation from St. Eustatius will also be part of the discussions.
While in The Netherlands, in October, for the regular Executive Consultations, between the islands and the various ministries, it was agreed upon with State Secretary of Finance Weekers that economic measures should be taken that will benefit all the consumers on the island. As part of a package of measures, that it was decided to initiate price controls on the island once more and also to increase the list of goods that can be imported to the island ABB exempt.
In light of these agreements made with the ministry , the Executive Councils decided that Bonaire would be the most practical location to hold discussions, because the island has the first –hand experience with price controls, having executed them while part of the former Netherlands Antilles.
The controls will commence as of January 1st of 2013. However the Executive Council will hold consultations with the various stakeholders such as the Saba Merchants Association among others, in order to familiarize the businesses with the legislation and also to give them the opportunity to give their input.
While in Bonaire the Executive Council will also meet with Customs Department with the goal of expressing their concerns about the new brokerage system called ASYCUDA that will be implemented by January 1st of next year.
Source: press release GIS Saba, November 8, 2012