Barbados attracted more than $120 billion in direct Canadian investment last year alone, making it the fourth-largest destination worldwide for Canadian capital from businesses and individuals.
Despite the long-established trade and financial ties, however, Canada’s High Commissioner to Barbados, Brenda Wills, says there remains significant potential for further growth – particularly in light of shifting global trade dynamics.
Wills made the point as she delivered the featured address at the luncheon meeting of BIBA, the Association for Global Business at the Hilton Barbados.
She reminded attendees that under the Commonwealth Caribbean Tariff Programme, nearly 40 per cent of Barbados’ exports to Canada in 2024 entered duty-free, allowing Barbadian businesses to “compete and thrive in the global marketplace.”
