Premier Michael Dunkley opened the second Tripartite Economic Committee conference this morning, calling for collaboration for the betterment of Bermuda.

The meetings came about as a result of discussions with the Bermuda Trade Union over proposed cost cutting measures, and include representatives from the Government, the Unions, the Opposition and the Island’s employers.

“It’s said that more often than not, each of us — Government, Opposition, unions and employers — often find ourselves on opposite sides of an issue,” Mr Dunkley said in his opening address. “However, in all fairness, we also have been able to find common ground on some matters.

“And today it is gratifying to know that we can set aside our differences and come together to achieve the same goal, which is ensuring the welfare and well-being of the people of this country.”

He emphasised the importance of collaboration in tackling the Island’s economic challenges.

“Last year a key aim of the Tripartite summit was to discuss the economic challenges in a frank, open and constructive way, and to discuss what steps could be taken to further ease the burdens being faced by Bermudians during these tough times,” he said. “This year, we are seeking to build on those discussions with a focus on strengthening our economic fortunes.

“With this year’s theme being ‘Encouraging Inward Investment’, we hope to engage in a robust and practical dialogue about the critical importance of attracting direct foreign investment to our shores.

“Make no mistake about it, ensuring there are opportunities for Bermudians is a priority of this Government, and increasing economic activity and encouraging businesses to choose Bermuda ultimately results in the creation of more opportunities for our people.”

He said that he and his Ministers have been working hard to engage international businesses and promote Bermuda as a first class destination, and they have been so far encouraged by the positive feedback received.

The Premier told committee members: “Each of you represent the key sectors of Bermuda’s economy or have an important role to play in our future and thus your participation today is vital for us to achieve the collective goal of helping those who are struggling to find jobs, or who are having a hard time putting food on the table, or who have just about exhausted their last bit of savings to pay their mortgage or their bills.

“That’s why we are here today — to try and lift some of the pressure off the backs of our fellow Bermudians. The fact of the matter is we are indeed our brother’s keeper, and we need to rely on each other more than ever and listen to each other if we are to have any hope of reviving our economy and providing opportunity for Bermudians to get back to work.

“So today is a day to put all egos and agendas aside and listen to one another. Let’s not just talk for the sake of talking, let’s commit to having a meaningful dialogue. We can agree or respectfully disagree — but at the end of the day, it is my hope that we reach some real, tangible solutions on a way forward — a way forward for the betterment of all Bermuda.”