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TCI: Premier and Minister of Finance, Investment and Trade attends InvestTCI’s 2nd Annual Economic Conference

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#Providenciales, November 14, 2019 – Turks and Caicos – The Premier and Minister for Finance, Investment and Trade attended Invest Turks and Caicos’ 2nd Annual Economic Conference at the Beaches Resort & Spa under the theme ‘Financial Services – Building Block to a Stronger, Diversified Economy’ on Friday, 8 November 2019.

The one-day event featured speeches by International Keynote Speaker, Lorna Smith, Former Executive Director, BVI Finance and Founder and Chief Executive Officer of LGS and Associates, among other speakers.

Premier Hon. Sharlene Cartwright-Robinson brought remarks and made a presentation on ‘The Government’s Role in Supporting a successful Financial Services Industry’ outlining actions taken and commitments already made by her Government to strengthen the Financial Services Sector as a part of a strategy to diversify TCI’s economy.

The Premier and Minister of Finance commenting on the importance of such stated, “The TCI has experienced a real GDP growth rate of 2.5% in 2018 and is expected to see a 3.2% growth rate in 2019. These targets are being achieved in the wake of two major storms in 2017. Economic growth, for the most part, has been carried by the Tourism and Hospitality Sector for the past thirty (30) plus years.  Even so, we are ever mindful that a country’s economic health should never be tied to a single industry or market sector.”

As it pertains to the importance of a joint effort between the Financial Services Sector, public and Private sector entities, Premier Robinson further added, “We see the Financial Services Sector as an integral part of the country’s economic advancement, where businesses and industries continually feed off of one another, growing larger and larger as the economy grows. It is a critical component of a diversified economy; creating a sustainable cycle of overall economic activity.

This conference, is an important platform that gathered leading industry players in the Financial Services Sector, the government and its ministries, departments and agencies, as well as other service providers in the various sectors of the economy. 

We are able to share, learn and collaborate toward the enhancement and advancement of the Financial Services ecosystem of the TCI, and to ensure that it is one that engenders growth.”

Premier Robinson also shared that her Government commissioned a full review of the Financial Services Sector and had received the report, completed by KPMG in June 2018. She further outlined what was already agreed but not limited to: 

·       The appointment of a high level team and a Project Manager

·       An immigration policy

·       Creation of a marketing plan (which has already received funding by TCIG) 

·       Creation of a five (5) year legislative plan

·       To commission surveys and the capacity to facilitate data collection

·       To create a cybersecurity and data protection strategy

·       To create training opportunities for TC Islanders

InvestTCI, which is the investment promotions arm of the government fall within the remit of the Minister of Finance.

Release: Office of the Premier

Photo Captions:

Header: From left to right (1st Row) : Minister for Education, Youth, Culture, Social an Library Services – Hon. Karen Malcolm; Partner, Griffiths and Partners, Managing Director of Coriats Trust – Mr. David Stewart; Deputy Premier and Minister for Infrastructure, Housing, Planning and Development – Hon. Sean Astwood; Minister for Tourism, Environment, Heritage, Maritime, Gaming and Disaster Management – Hon. Ralph Higgs; Chief Executive Officer of InvestTCI – Mr. James Bursey;

From left to right (2nd Row): Her Excellency Acting Governor – Mrs. Anya Williams; Premier and Minister for Finance, Investment and Trade – Hon. Sharlene Cartwright-Robinson and Former Executive Director, BVI Finance and Founder and Chief Executive Officer of LGS and Associates – Mrs. Lorna Smith.

Insert: Premier and Minister for Finance, Investment and Trade, Hon. Sharlene Cartwright Robinson bringing remarks at InvestTCI’s 2nd Economic Conference.

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Statistics Authority Highlights Trade Data as Turks & Caicos Records $227M in Imports for Q4 2025  

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Turks and Caicos, March 18, 2026 – The Turks and Caicos Islands Statistics Authority is highlighting the importance of reliable economic data following the release of its latest Trade Statistics Bulletin, which shows the country recorded approximately $227 million in imports during the fourth quarter of 2025.

The detailed report provides a clear breakdown of where goods entering the Turks and Caicos Islands are coming from, the types of products being imported, and the revenue generated from trade-related activity. The figures offer valuable insight into the level of economic activity across the country and the continued demand driven by tourism, construction, and consumer spending.

According to the bulletin, the United States remained by far the largest supplier of goods, accounting for more than $200 million in imports during the quarter. This represents the majority of all goods entering the Turks and Caicos Islands and reflects the territory’s long-standing dependence on U.S. markets for food, fuel, machinery, building materials, and consumer products.

The Dominican Republic was the second largest source of imports, supplying just over $4.1 million in goods, while The Bahamas ranked third, with approximately $1.8 million in imports recorded for the period. The report also noted increasing trade with countries such as China, Panama, Switzerland, Poland, and India, showing that businesses continue to expand their supply networks beyond traditional partners.

In terms of the types of goods being imported, the bulletin shows strong activity in categories such as food and live animals, mineral fuels, manufactured goods, machinery and transport equipment, and chemicals, all of which are essential to supporting the tourism industry, infrastructure development, and everyday life in the islands.

The report also tracks revenue collected from international trade, including fuel tax, customs processing fees, and motor vehicle licensing, providing another measure of economic performance during the quarter.

Officials say the quarterly Trade Statistics Bulletin is an important tool for government, businesses, and the public, offering accurate information presented through clear tables, charts, and graphics that make complex data easier to understand.

For a small, import-dependent economy like the Turks and Caicos Islands, access to reliable statistics remains critical. By continuing to publish detailed trade reports, the Statistics Authority helps ensure that decisions about growth, investment, and development are based on sound information.

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Maritime Security Focus Grows as Governor Leads National Security Programme

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Turks and Caicos Islands is seeing increased attention on maritime security and regional defence cooperation, with Governor Dileeni Daniel-Selvaratnam leading a series of national security engagements aimed at strengthening the territory’s ability to monitor and protect its waters.

In recent days, the Governor hosted the Chief of Defence Staff of the Jamaica Defence Force, Vice Admiral Antonette Wemyss-Gorman, during an official visit which focused on regional collaboration, leadership and maritime awareness.

According to the Governor’s Office, the meeting explored opportunities for closer cooperation among defence and security institutions, including training partnerships and improved coordination across the Caribbean.

Vice Admiral Wemyss-Gorman, who made history in 2022 as the first woman to serve as head of the Jamaica Defence Force, was described as a trailblazer in international military leadership, with more than three decades of service and multiple national honours. Her visit underscored what officials called the importance of shared responsibility in confronting modern security threats in the region.

The engagement comes as Turks and Caicos continues to place growing emphasis on maritime enforcement, particularly as illegal migration, trafficking and transnational crime remain major concerns across the region.

Just days later, the Governor also oversaw a specialised inter-agency maritime security training programme conducted with the support of INTERPOL.

The exercise brought together personnel from the Royal Turks and Caicos Islands Police Force, the Turks and Caicos Islands Regiment, Border Force, Fisheries Protection and the Attorney General’s Chambers.

Officials said the training focused on strengthening operational readiness and improving coordination among agencies responsible for protecting the territory’s maritime domain. Participants reviewed maritime law, examined regional threat trends and worked through scenario-based exercises designed to simulate real incidents at sea.

The programme forms part of the work of the National Security Council, which falls under the responsibility of the Governor under the Turks and Caicos Islands Constitution, where national security remains a reserved matter for the United Kingdom.

Authorities say the ongoing training and regional partnerships are intended to build stronger enforcement capability and ensure agencies can respond collectively to increasingly complex security challenges across the islands’ vast ocean territory.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Department of Tourism Regulations Achieves 90% Compliance in Accommodation Enforcement Initiative  

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Providenciales, Turks and Caicos Islands – Wednesday, 18 March 2026: With enforcement initiatives ongoing for 2026, the Department of Tourism Regulations is proud to report that 90% of tourism accommodation properties were registered in 2025.  Using data from AirDNA, approximately 1,300 properties were identified across Turks and Caicos, with over 1,200 now accounted for in the Department’s licensing system.

The initiative was led by Quality Assurance Officer Donessia Skippings and Regulations Specialist Sasha Arthur, who coordinated the preparation and distribution of enforcement letters nationwide and managed the inspection schedule for Accommodation Controllers Kevin Lightbourne, Claudenise Jean, and Patral Handfield. The team carried out the enforcement drive while maintaining their regular responsibilities for licensing tourism accommodation properties.

The Department first notified the public of the Enforcement Letter Initiative in July 2025, as part of its mandate to uphold tourism standards and enforce a zero-tolerance approach to non-compliance with the Tourism Regulations Ordinance 2023. The initiative has resulted in a significant increase in registered properties, rising from 50% compliance the previous year to 90% in 2025.

Tourism Accommodation Inspectors and Controllers are trained to assess factors that enhance the guest experience in line with international tourism quality standards. The inspection process ensures that properties meet key safety and service criteria, helping to prevent situations where a visitor’s experience could be compromised due to missing or inadequate amenities. For example, proper pool safety signage helps reduce the risk of guest injuries. Compliance also contributes to the broader development of Turks and Caicos, as fees collected support infrastructure development and the maintenance of government assets.

By partnering with the Department of Tourism Regulations, property owners help strengthen the tourism product and reinforce the reputation of Turks and Caicos as a trusted destination, giving stakeholders confidence when welcoming visitors and assuring them that their properties meet the standards approved by the Turks and Caicos Islands Government.

Director Avi Adams, commenting on the success of the initiative, stated: “I commend the responsiveness of those who have received letters and taken the necessary steps to become licensed. Your cooperation is vital in safeguarding our tourism industry and preserving it for future generations. Enforcement continues in 2026; we encourage property owners and managers to renew their licenses promptly to avoid fines or legal action. We look forward to seeing even stronger compliance numbers in the year ahead.”

“Achieving 90% compliance in accommodation registration is a significant milestone for the Turks and Caicos Islands and is a clear indication that our enforcement efforts are working and that accountability is strengthening across the sector. We will continue to take a firm but fair approach to enforcement, as maintaining standards is essential to protecting the integrity and global reputation of the Turks and Caicos tourism industry.”

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