Untitled Document

Anthony Barnes

The Presidential term 1988-1990 was one of change and adjustment, as manufacturers grappled with foreign exchange restrictions, the influx of cheap imports and the continued high cost of credit. The JMA’s interventions, led by Anthony Barnes, culminated in the Government’s adoption of a General Consumption Tax (GCT) regime to shift some of the taxation burdens from production inputs to consumption, the dismantling of most price control mechanisms for local manufacturers, the restructuring of import tariffs and the streamlining of import certification procedures to curtail smuggling and under- invoicing.