Stakeholders give input in draft economic framework document
PHILIPSBURG--The drafting and updating of new economic legislation to promote economic growth in St. Maarten and the increasing of efforts by Government to ensure fiscal and business compliance are among the many proposed measures included in the draft National Economic Framework document.
The 53-page document was presented to private and public sector officials at the National Economic Summit held at Sonesta Great Bay Beach Hotel on Friday. The document was discussed and stakeholders present gave their input.
According to the working-document, a country's legal system and its approach to economic growth are most important factors that determine a country's economic success or failure.
"A legal system that fosters economic innovation and growth while simultaneously protecting the rights of the citizens is essential to any form of economic growth Read more
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