You're watching...
Curacao Prime Minister Gerrit Schotte on the state of the global economy and how to avoid the downturn.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
You take care now OK well there's been a lot of talk about the state of the global economy.
And fair for where it may be headed joining me now with the unique perspective on the world economic states is secure itself prime minister has excellent scared shelty.
Mr.
prime minister here nation is newly independent so how are you channeling this global economic crisis -- Well learn.
Improving by bringing new ideas.
To the country out of the box thinking and I think.
We're not following the financial schemes we are.
Really you can have the really.
The reality of the in the diet and does that tourism mine and that.
Of course attracts.
A lot of people from all over the world.
So what we have done great in the -- we have diversified our markets is not only Europe.
Tourism not only in a North American tourism and -- -- Caribbean tourism because over free zone.
And the -- American.
It's all combined and what you're so as on in the past has put us today that in between the September 11 when the North American market.
Went down.
And then economic crisis -- so.
And meets.
The way because of this diversified tourism.
For us to be still today.
-- what we are we have great terrorism but it's -- terrorism here so means business we have the refinery.
We -- financial services high that high standard international standards are being applied and of course what -- also is a dried off.
But there there's a lot of debate effect on the cover of the new economists that came out today sets hunting the rich.
I was to suspect that people you know you that you attract a certain amount of people have a certain amount of wealth.
Do you think it's right for these world leaders to say we're gonna solve our problems with high tax -- punitive action against people were successful because we're hearing -- -- both sides of the Atlantic right.
Now actually lived on the opposite we just left parliament treated so far -- -- last week.
And we -- our taxes we -- -- tax reform.
Bill where actually we lowered the income -- us.
We -- -- stocks we raise the fashion.
We lowered the percentage we win as government on the leader of the gasoline.
And we remove the import duties on the gas oil that is being -- at the gas stations this was only be able to be done by putting a sell stocks.
1% increase on the sales that's the -- sector solvency.
Being made up only but -- people -- some of the one million tumors that we got there and also -- -- -- people -- that may be avoid a radar of the income taxes out -- the cells that you have a bunch of illegal you have a situation we have several illegals here saw as a country where people use it doesn't rich you reach Europe because of the Dutch passport so yes we do have -- problem -- thousand new government.
That just about the lack of the twelve months ago we are.
Closing our Frontieres and of course implementing things to be different islands in the Caribbean.
Thank you very very much prime minister -- -- you for joining us tonight we appreciate it in congratulation.
