The President of the Chamber of Commerce and Industry (C.O.C.I.), Klaus Stunzner Jr., said based on the information provided by the Ministry of Commerce, Industry and Labour (M.C.I.L.), the Chamber is not convinced that the proposed law will benefit Samoa.
Mr. Stunzner Jr.
was speaking during the first public consultation about the Draft Citizenship Investment Bill 2014.
"I will start by saying that from the Chamber's perspective, we always support any initiatives to promote Samoa as a viable and safe economy and country for business," he
As a result of the alleged lack of evidence that this proposed legislation would indeed boost Samoa's economy, Mr. Stunzner
said the Chamber
did not have any comments on the actual provisions of the Bill.
made several recommendations along the lines of evidence-based framework.
"It is the Chamber's
position that for recommendation that this Bill be put on hold," he