Employers plead for cut in red tape

March 3, 2008

The CEOE employers association is pressuring the Canarian government to implement an EU initiative designed to reduce the amount of red tape industry has to deal with. The European Commission has said it would like to see a 25 per cent cut in red tape by 2012

A spokesman for the association in Santa Cruz said present procedures place a “disproportionate level of regulation” on companies operating in the Canary Islands and obstructs daily business activities. The spokesman said the association is  compiling a report on the impact of the regulatory burden placed on Canarian companies.

Employers have been complaining for years about the amount of red tape and complex legislation faced by businesses in the Canaries, which, they say, are a barrier to economic growth.