PHILIPSBURG:—The Minister of Tourism, Economic Affairs, Transport, and Telecommunication, hereby informs the general public on the following decisions:
• The moratorium established as of the 18th February 2014 on the issuance of business and operational license for supermarkets, including the amendments entitled “Supermarkets Moratorium” dated; 3rd July 2015 and 1st June 2017 has been lifted.
• The lifting of this moratorium goes into effect as of 1st March 2018.
This measure is considered necessary for the following reasons:
i. The fact that the government needs to facilitate the further development of the supermarket industry;
ii. The fact that the government needs to mitigate the impact of the current composition of the supermarket industry and the quality of its service on the economy of St. Maarten; especially post Hurricane Irma.
iii. The fact that the Government holds strongly that this sector is an economic driver to alleviate deficiencies post-Hurricane Irma and to stimulate economic activity in terms of employment creation and price reduction for the country’s citizens due to increased competition.
Source: St. Martin News Network http://www.smn-news.com/st-maarten-st-martin-news/28755-public-announcement-lifting-of-moratorium-on-business-operational-licenses-on-supermarkets.html
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