In a strategic move to bolster domestic engagement within the tourism economy, the government of Antigua and Barbuda has enacted significant fiscal incentives for local leisure and entertainment enterprises. Prime Minister Gaston Browne unveiled the policy shift during his weekly national address, revealing that Cabinet has sanctioned complete duty-free importation of capital equipment for water sports and tour operators.
The initiative specifically targets machinery and gear utilized in water-based recreational activities, effectively reducing financial barriers for small and medium-sized businesses seeking to modernize or expand their operations. This calculated economic intervention aims to recalibrate the sector’s balance by fostering broader Antiguan and Barbudan participation in the lucrative tourism market.
Concurrently, the administration issued a stern warning to major hotel conglomerates attempting to directly compete with local operators. Properties found to be importing equipment for tour operations or water sports in manner that disadvantages smaller domestic businesses face potential revocation of their existing tax concessions. The government has already initiated reviews of certain hotel agreements to ensure compliance with this equitable tourism framework.
Prime Minister Browne emphasized the philosophical underpinning of these measures, stating, ‘Our fundamental objective is to guarantee that the tourism sector generates widespread benefits rather than becoming an exclusive enclave for major developers.’ The policy represents a deliberate reorientation toward economic inclusivity, ensuring that nationals capture more substantial value from the islands’ primary industry.