Bahamas - Trade BarriersBahamas - Trade Barriers
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High Tariff rates: High tariff rates are among the most challenging barriers to trade in The Bahamas. The country has not made any immediate commitments to reduce tariffs but is currently negotiating accession to the World Trade Organization and implementing the provisions of the Economic Partnership with the European Union. The commitments to Europe and the Caribbean will require substantial liberalization of the economy and reduction of rates within the next decade.
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Non-Tariff barriers: The Bahamas employs several non-tariff barriers to trade including reserving some sectors of the economy for Bahamian investors only and imposing an opaque licensing regime for selected imports.