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TCI: Exports weak at just over 1% of Imports; Department of Trade to change the trend

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#Providenciales, June 1, 2019 – Turks and Caicos – A soaring increase in imports has bolstered the country’s revenues generously but the story is far more concerning when it comes to export earnings for the Turks and Caicos Islands.  Statistics Department figures from 2018 expose income from exports as just barely over one percent of income from imports, and the experts have advised the Turks and Caicos to fix this problem.

The biggest export for the Turks and Caicos Islands is rum.  Hard liquor accounts for some 20 percent of the reported $10.5 million in export earnings according to the OEC or Organisation of Economic Complexity. 

The OEC website tracks countries across the globe and gives the TCI a ranking of 210th in the world for exports.  The OEC shares that conch is the second largest export accounting for 11 percent and lobster is third, at 9.3 percent of exported goods in 2017.

The Turks and Caicos Statistics Department reports that in 2018, the country earned a mere $5.8 million from exports.  Imports are listed as have brought in $487.3 million dollars in 2018.   

The Organization of Economic Complexity posts that export earnings have been sinking by an annual rate of over 33 percent since 2012.  The TCI Department of Statistics reveals that exports plummeted in 2017 to a mere $2.3 million in earnings but rose significantly in 2018.

What all facts point to is that the TCI is charting a negative trade balance.  This archipelago brings in over $480 million dollars more in goods than it sends out; at least that this the 2018 picture.

But there a Department coming for that, says Premier and Trade Minister, Sharlene Robinson.  Trade is the facet of her cabinet portfolio which gets the least amount of attention and that fact is expected to be radically altered within this new fiscal year.

“Following the conclusion of the COSME program the Government decided accept and implement much of the proposed recommendations and strategies and consequently approved the establishment of a Department of Trade, Industry and Consumer Affairs to facilitate the development and growth of trade and business in the Turks and Caicos Islands.”

The concept of a Department of Trade has already been ratified at the Cabinet Level and Magnetic Media questions about this intriguing announcement revealed that a myriad of opportunities and new legislation is coming to govern trade in the TCI.  

“The department will see three staff members; Director of Trade, Director of Consumer Affairs and Trade Officer all are required to have a legal background. Under the department a National Trade Facilitation Task Force will also be established and will develop and implement a comprehensive action plan on measures to improve and increase trade.”

Although it is very, very slow going, Brexit is influencing this strategy by the Turks and Caicos explained the Office of the Premier.

‘The Premier and Minister of Finance Investment and Trade during her Budget Address for the 2019/20 Fiscal Year said, “The timeliness of this undertaking is especially significant given the anticipated impact on our access to the European market on account of the UK’s planned withdrawal from the European Union. We have commenced discussions with the UK Department for International Trade on participating in future UK free trade agreements should the UK cease to be a member of the European Union”.

Initially, the work of the department will be exploration of opportunities and adequate response to that information with the creation of a climate of trade in the Turks and Caicos Islands.  This is no easy feat.

“The department’s main aim will be to develop bilateral trade agreements or formal arrangements with new and existing trading partners. The Department also seeks to provide assistance to entrepreneurs and businesses (particularly MSMEs) as it relates to laws and procedures governing international trade including exports, rules of origin, market access etc. The aim is also to promote consumer education and awareness and will ensure the enforcement of the Consumer Protection Ordinance (2016).”

As for when the appointments will happen and when the requisite legislation will be drafted, approved and passed into law, there were no specifics.  However, the Office of the Trade Minister did say, “It is expected that support legislation will be completed and posts for Trade Officer and Director of Consumer Affairs filled within the 2019/20 Financial Year.”

The Department of Trade, Industry and Consumer Affairs will fall under the Ministry of Finance, Investment and Trade.

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50 Years of Ministerial Government: Cabinet Moves to Mark Milestone Rooted in 1976 Constitution

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Turks and Caicos, March 30, 2026 – The Turks and Caicos Islands is preparing to mark a major political milestone, with Cabinet approving the establishment of a National Commemorative Committee to celebrate 50 years of ministerial government, a system first introduced under the 1976 Constitution.

The decision, confirmed in the February 10 Post Cabinet statement, signals a year of reflection on a governance model that fundamentally reshaped how the country is run — shifting from direct colonial administration toward locally led political leadership.

That shift was formalized in the Turks and Caicos Islands Constitution Order 1976, which laid the legal foundation for ministerial government and introduced a structured Executive and Legislative system.

At its core, the 1976 Constitution established an Executive Council, bringing together:

  • a Governor,
  • a Chief Minister elected by members of the Legislative Council,
  • and Ministers appointed to assist in governing the Islands.

A Very Different Government Back Then

If today’s Cabinet feels crowded, the 1976 version would have seemed almost unbelievable. There were just three Ministers serving alongside the Chief Minister — a tight, compact leadership team responsible for the affairs of an entire country. No sprawling list of ministries, no long roster of portfolios — just a handful of individuals carrying the weight of governance.

Becoming a Minister wasn’t a direct vote of the people either. You first had to win a seat in the Legislative Council, and from there, the Chief Minister would recommend who should serve. The Governor then made the appointments. In other words, political trust and alignment mattered just as much as public support — and ultimate authority still rested above the local leadership.

And as for job security? There wasn’t much of it. Ministers served without fixed terms and could be removed if they lost their seat, resigned, or if the Governor revoked their appointment. Even the Chief Minister could be ousted through a vote of no confidence. Add to that the basic requirements — being at least 21, a British subject, and meeting residency rules — and it’s clear that ministerial government in 1976 was not only smaller, but far more tightly controlled.

This marked the first time elected representatives were formally given defined roles in the administration of national affairs.

Under the Constitution, the Governor retained overarching authority, but was required in many instances to act on the advice of the Executive Council, particularly in shaping policy and overseeing government operations.

The Chief Minister, meanwhile, was positioned as the central political leader, responsible for directing government business and advising on the appointment of Ministers.

Importantly, the Constitution also allowed for the assignment of responsibilities to Ministers, giving them oversight of specific areas of government — a structure that remains at the heart of today’s Cabinet system.

Section 13 of the Order made clear that Ministers could be assigned responsibility for the administration of departments or government business, embedding accountability and functional governance into the system.

The Legislative Council, established alongside the Executive, provided the law-making body, with elected and appointed members participating in debates, passing legislation, and representing the interests of the Islands.

Together, these provisions created the framework for what is now recognized as ministerial government — a hybrid system balancing local political leadership with constitutional oversight by the Governor.

The explanatory note of the 1976 Order describes it as introducing “new provisions for the Government of the Turks and Caicos Islands,” including the creation of a Legislative Council with elected members and Ministers appointed on the advice of the Chief Minister.

Fifty years on, that structure has evolved through subsequent constitutional changes, but its foundation remains rooted in the 1976 framework.

Cabinet’s decision to establish a commemorative committee suggests that the anniversary will not only celebrate political progress, but also invite reflection on how effectively the system has delivered on its promise of representation, accountability, and governance.

As the Islands approach this Golden Jubilee, attention is likely to turn not only to the achievements of ministerial government, but also to the ongoing question of how the system continues to serve a modern and rapidly developing Turks and Caicos Islands.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Government Moves to Amend Destination Management Fee Law

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Turks and Caicos, March 30, 2026 – The Turks and Caicos Islands Government has signaled changes to its tourism funding framework, with Cabinet approving draft amendments to the Destination Management Fee Act 2023.

The decision was confirmed in the Post Cabinet statement following the February 5 meeting, chaired by Governor Dileeni Daniel-Selvaratnam, where members agreed to move forward with revisions to the law governing the collection and administration of the fee.

The Destination Management Fee, introduced in 2023, is applied to travelers entering the country and is embedded within the cost of travel. The charge was designed to support tourism-related development, including marketing, infrastructure, and sustainability initiatives.

At the time of its introduction, the fee was linked to the establishment of a Destination Management and Marketing Organisation (DMMO), which was expected to coordinate tourism strategy and enhance the visitor experience.

However, recent developments have shifted that landscape.

The DMMO has since been discontinued, raising new questions about how funds generated through the fee are being managed and what structure will now guide tourism development efforts.

The Cabinet note does not outline what specific changes are being proposed under the amended legislation.

It also does not indicate whether adjustments will be made to:

  • who pays the fee,
  • how it is collected, or
  • how the revenue is allocated and overseen.

The move to amend the law comes amid broader government efforts to strengthen revenue collection and compliance, including updates provided to Cabinet on the work of the Drag-Net Steering Committee — a multi-agency initiative focused on improving government revenue systems.

The lack of detail surrounding the amendments leaves several key questions unanswered, particularly given the fee’s direct impact on both visitors and residents and its role in supporting the country’s tourism economy.

Any changes to the Act would require further legislative steps, including presentation to the House of Assembly, before taking effect.

For now, the Cabinet’s approval signals that the government is moving to revise a policy that is already in force — but without yet disclosing how those revisions will alter the current system.

As tourism remains the backbone of the Turks and Caicos Islands economy, clarity on the future of the Destination Management Fee — and the framework it supports — is expected to be closely watched in the weeks ahead.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

Photo Credit: TCIAA

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Fuel Costs Rise Again as Pelican Energy Warns of Global Pressures

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Turks and Caicos, March 30, 2026 – Electricity costs in the Turks and Caicos Islands are climbing again, with Pelican Energy reporting increases in the fuel factor for March, while warning that global instability could push prices even higher in the months ahead.

In its latest update to customers, the power provider confirmed that fuel factor rates — the portion of electricity bills tied directly to the cost of fuel — have risen across most service territories.

Providenciales, North Caicos and Middle Caicos will see a 3.4 percent increase, bringing the rate to $0.1658 per kilowatt hour, while Grand Turk and Salt Cay will experience a 2.8 percent rise to $0.1569 per kWh. The rate for South Caicos is still pending, though in February it climbed by 2.8 percent to $0.1728 per kWh.

The fuel factor is a variable charge, meaning it moves in response to international oil prices — and right now, those prices are under pressure.

Pelican Energy pointed to geopolitical tensions in the Middle East, including ongoing conflict affecting key global shipping routes such as the Strait of Hormuz, as a major driver of recent increases.

That narrow waterway near Iran is one of the world’s most critical oil transit corridors, with a significant share of global fuel supply passing through it daily. Any disruption — whether from conflict, threats, or shipping delays — has a direct impact on global prices.

Energy markets have remained volatile as a result, with production decisions by OPEC and its allies also influencing supply levels and pricing trends.

For the Turks and Caicos Islands, which relies heavily on imported fuel for electricity generation, the impact is immediate.

“Because we rely on imported fuel to generate electricity, these market conditions can influence fuel costs in TCI,” the company said, noting that it is closely monitoring developments.

While the upward movement in fuel costs is concerning, Pelican Energy also indicated that infrastructure upgrades are underway — projects that may cause short-term inconvenience but are expected to improve long-term energy reliability.

Those improvements could include enhancements to generation capacity and distribution systems, though in the near term, residents and businesses may experience disruptions, including traffic impacts linked to ongoing works.

The company emphasized that the fuel factor will continue to fluctuate in line with global trends, rising when international prices increase and falling when they decline.

For consumers already facing high utility costs, the latest adjustment reinforces how closely local electricity prices are tied to global events far beyond the region’s control.

With tensions in key oil-producing areas showing no clear resolution, and global supply routes remaining vulnerable, the outlook for fuel costs remains uncertain.

For now, Pelican Energy says it will continue to monitor international developments and keep customers informed — but the message is clear: what happens in global oil markets is being felt directly on electricity bills at home.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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