To ask Her Majesty's Government what steps are being taken to stimulate economic activity in the Turks and Caicos Islands.

The current Government in the Turks and Caicos Islands have taken a number of steps to stimulate economic activity including the introduction of a progressive system of stamp duties on property purchases; significantly reducing rates for all but the most expensive properties; simplifying of highly complex system of customs duties, and in so doing reduced some significant burdens to the benefit of many businesses and of social welfare; approving the investment of US$70 million on an expanded international airport to ensure it remains compliant with international standards and to increase airlift; generating interest from external investors seeking to develop internationally recognised hotels; and introducing a support package and reforms to stimulate and support local agriculture and fishing.