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ARTICLE · 24 OCTOBER 2001

Barbados Has Entered The E-Commerce Fray

BarbadosWealth Management
Sean Lewis
Sean Lewis

1. Barbados recently enacted The Barbados Electronic Transactions Act (ETA), 2001 relating to electronic signatures to enable it to remain among the most progressive and diversified International Financial Centres, and to establish itself also as an E-Commerce Centre as well. The ETA is part of a legislative package that includes the Evidence Act1 and the Interpretation Act2, with a third enactment on Consumer Protection promised shortly. There already exists the Fair Trading Commission Act3 to restrict unfair competition particularly with respect to Utilities. This legislation brings Barbados into line with OECD countries, and with a small number of Financial Centres in the Caribbean, including Bermuda and the Cayman Islands.

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