BVI News

Start exporting goods, premier urges businesses

Premier Smith. File photo

Premier Smith. File photo

Premier and Minister of Finance Dr D Orlando Smith has urged companies to consider exporting goods and services instead of concentrating solely on the local market.

“It is important to understand that the vision is not to have businesses developed simply for the local market, because that will not grow the economy alone.”

“Look beyond the local market,” Premier Smith last evening told an audience, which included a number of business persons. The Anegada Lobster is among products that he said could be exported.

Premier Smith, who also noted that he is passionate about business development, said his administration will continue to use the National Business Bureau to support new entrepreneurs with finance, accounting, customer service, marketing, business development, and operations.

Premier Smith also underscored the importance of further diversifying the economy.

“While it is said that you should not hold your eggs in one basket, I believe that you should not store your eggs in just two baskets either. Our two baskets are financial services and tourism,” he said.

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