Beautiful Virgin Islands

Saturday, Feb 22, 2025

Consumers Will Feel The Brunt Of BVIPA's Fees Hike

Consumers Will Feel The Brunt Of BVIPA's Fees Hike

Opposition Leader Marlon Penn has warned that consumers will be the ones being adversely affected by the latest fee hike instituted by the BVI Ports Authority (BVIPA).

Hon. Penn, who was at the time speaking on NDP Radio last night, March 15, said, "The port cannot raise its fees on persons who bring goods in the territory and say look, we are going to raise your fees sometimes, 30, 40, 50 per cent or even beyond, some fees are exorbitant and say "look we care about you as a business." They are going to take that increase and pass it on to the consumer who is already struggling."

He added, "The government has to lead by example, you cannot ask other persons to take the brunt of the weight of the economy, and then you are putting the pressure on the businesses and pressure on the man on the street."

The Opposition Leader explained that in reality, if the cost of doing business goes up, the cost on the consumer is going to go up.

"The supermarkets, persons who are going to provide goods to the retail market in the BVI are going to feel the pinch. So it makes it more difficult now for me as a consumer when my revenue base has already been eroded," he lamented.

BVIPA Moves Forward


The BVIPA's fee hike took effect yesterday, March 15.

The new fees were slated to take effect from March 1; however, the BVIPA said it was mulling the concerns surrounding its recent announcement to increase fees at their facilities and gave residents the assurance that the matter is being reviewed.

Nonetheless, via a release issued on March 11, the BVIPA said in an effort to address concerns expressed by the public and its stakeholders, the Authority sought to review the fee schedule accordingly to make for an easier compliance and implementation process by stakeholders.

Consequently, the fee increases is to be implemented in a phased approach.

The first wave of increases will affect licenses for customs brokers and agents; storage fees, wharfage, line handling, container fees and vehicles accessing port facilities fees.

"The general increase in fees has become necessary for the provision of important upgrades to the operations of the Ports, which will enhance the efficiency and effectiveness of the ports to deliver on promised services. As part of upgrade plans, all Ports across the territory will be developed to meet modern standards in facilities and services," the BVIPA outlined.

The BVIPA indicated that stakeholders, and the public, will be apprised of progress throughout the process.

"Furthermore, in an effort to strengthen the partnership with our stakeholders, the BVIPA will engage in a series of information-sharing and gathering engagements with various stakeholders, including our clients, the wider business community and our internal staff," the BVIPA stated.

Public Outcry


The BVI Chamber of Commerce and Hotel Association (BVICCHA), via a media statement, placed on record their displeasure with the new fees and the lack of consultation before the fees were amended and coming into force.

Addressing the matter via a media release on Monday, the chamber said: "Now is not the time for fee hikes" pointing to the current state of affairs of doing business in the territory as an example.

"For the most part, businesses are already doing their part. Businesses pay their fair share of mandated fees and taxes. And yes, cost increases (inflation) happen, but when you see a fee increase of 500%, that's from $500 to $2500, that's just borderline madness," the release stated.

According to the BVICCHA, "The cost of doing business is already too high. These increases will have to be passed on to consumers who are already struggling to make ends meet in some cases."

The new fees were approved by Minister responsible for Ports, Premier and Minister for Finance Hon. Andrew Fahie on December 18, 2020.

Since then, the BVICCHA said their office had been bombarded with calls from the business community complaining about the matter since the BVIPA issued a release informing residents of the changes recently.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
UK Prime minister, Mr. Keir Starmer, has stated that any peace agreement aimed at ending the conflict in Ukraine "MUST" include a US security guarantee to deter Russian aggression
×