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Bahamian exports of goods and services in 1992 amounted to $1404.78 million, of which tourists receipts accounted for $1056 million. Exports of non-oil merchandise, which accounted for some $194.33 million in 1992, was primarily composed of pharmaceuticals, crawfish, salt, cement, rum, argonite, residual fuel oils, distilled fuel, cascarilla bark, tomatoes and citrus. Major destinations for Bahamian exports are the USA, the UK/European Community, and Japan.
There are no controls in The Bahamas exercised over exports, and there are no export taxes levied on the same. Exported goods may be reimported into The Bahamas without payment of customs duty, provided an appropriate certificate is obtained from the Customs Department Where goods imported into The Bahamas will be reexported, the goods may be held in bond on payment of minimal fees.
The Bahamas participated in a number of preferential trade arrangements that provide concessionary access of goods produced in The Bahamas to major world markets. The Caribbean Basin Initiative, established under former US President Ronald Reagan, allows over 3,000 types of products duty-free entry into the USA, provided that at least 35% of the products' value had been added in The Bahamas at the time of entry into the USA. Similar treatment for Bahamian exports is granted through the CARIBCAN, a Canadian programme. Bahamian exports can also find such favorable treatment in European markets through the LOME Convention. The Customs Department, embassies or consular offices may provide certificates of origin as required in respect of these arrangements.
Under the Export Manufacturing Industries Encouragement Act, an approved manufacturer who intends to export or annually exports at least 95% of the total approved products produced by the manufacturer is afforded duty-free import of raw materials, equipment and building supplies used in the manufacture of the product or facilities for the same and duty-free export of those products
What else can I help you with?
What is the Bahamas chief export?
whts up
What does the Bahamas grow for export?
nothing
Does Canada export to Bahamas?
yes they do, they also rely on tourism from Canada.
What is the leading export of the Bahamas?
fish and crawfish ,rum,salt,chemicals,fruit and vegetable
How is job an advantage in The Bahamas?
Some Advantages in the Bahamas are -: Jobs Cultural Exchange Investment In Cultural exchange we can import or export money, items to other states
Who do you export to?
You can export something/someone to anyone/anything/anyplace.
What is an export of the Bahamas?
The top 5 exports from the Bahamas are refined petroleum, passenger and cargo ships, styrene polymers, coal tar oil and paintings.The top foods exported from the Bahamas are grapefruits, limes, okra, papaya, pineapples, and avocado.
What does the Bahamas export?
cement, alcoholic beverages, pulpwood, cray fish and salt. they export many other things to.
Do you export building materials?
It depends on our constructional needs or requirements. We export building materials when anything is not available in our city or country then we will export from other countries.
What kind of shelter do they have in the Bahamas?
anything from hotels, to houses, to apartment's condos
Who does Trinidad export oil to in the Caribbean?
Trinidad exports oil to Anguilla,Aruba,Bahamas,Barbados,Bermuda,cuba,Dominican Repubpulic,and Jamaica.
Is a 1975 commonwealth of the Bahamas five cent coin worth anything but 5 cents?
A Bahamas nickel is worth more because it is made out of silver
