The Federation of Independent Trade Unions and NGOs (Fitun) is pleased that several of the union's budget proposals are included in the 2010/2011 budget. however, Fitun has three areas of concern. The issues centre around the budgeted oil price of US$65 per barrel; the amendments to the Petroleum Tax Regime and expansion of Free Trade Zones. In news release, Fitun's general secretary Akins Vidale said it would have been more prudent for Finance Minister Winston Dookeran to have used a US$55 per barrel price as it would have generated some savings in the Heritage and Stabilisation Fund.
Commenting on the Petrotrin tax regime, he said they had alerted the minister that there needed to be greater consultation before any decision was taken.
He said, "Fitun was not convinced that tax breaks necessarily result in increased oil production and/or finding new gas reserves." Addressing the issue of Free Trade Zones, he said, "Companies in Free Trade Zones are notorious for contributing little or nothing to the local economy, as the only payments which they have to make are for local wages and salaries and the history worldwide has been that workers in the Free Trade Zones are highly exploited." Vidale said if the Government pursued that policy they would have to ensure that workers have the unfettered right to join and be represented by trade unions. The union also said that Dookeran failed to address the minimum wage in the budget.
"Fitun considers that such a key issue must be clearly addressed to ensure that all citizens are able to enjoy a decent standard of living." Vidale said his organisation expected a definitive statement on that issue before the budget debate was concluded in the House. The most significant of Fitun's proposals which was included in the budget, he said, was to develop east Port of Spain into a Heritage city. Fitun, he said, was of the view that the project would have several positive repercussions, key of which included employment generation (which would lead to reduced crime levels), increased potential in the tourism sector, resulting in increased revenue and increased foreign exchange flows.
