FTAA

Introduction The Bahamas has traditionally been a vibrant resilient heaven of economic activity despite its limitations of natural resources. As entrance to the Free Trade Area of the Americas would severely challenge the existing position of the Bahamian economy if care were not taken to guard our heritage. It appears as if the larger member countries stand to reap major benefits in light of the Agreement, while little countries like the Bahamas will end up …

…granted by the other. Revenue- is the amount that obtained from all sources. Service- an intangible that has economic utility or satisfies an economic want. Supply- the amount of a good or service available at a given price at some period in time. Tariff- a tax levied on imported goods. Tax- a legislated amount of the value of private income, sales, or property that is due to the government by owners of factors or businesses.