Foreign policy and defense
In recent years, the previously good
relations with the United States have been strained by
the US's tougher stance on Bahamas strict banking
secrecy and on drug smuggling through the country.
The United States has for several years with the
Bahamas on a list of 60-70 countries and territories
where money laundering is a problem. Despite the fact
that the country has enacted laws and regulations to
prevent illegal transactions, the United States does not
think enough is being done to prevent economic crime.
However, the Bahamas meets the US requirement that
assets held by US citizens abroad are reported to US
Overview of business holidays and various national observances in Bahamas for years of 2020, 2021, 2022, 2023, 2024 and 2025.
The Bahamas also ended up on the EU's first list of
tax havens, which was published in 2015. However, two
years ago the EU presented a list of "non-cooperative"
tax havens, the country escaped.
The US Coast Guard is working with the Bahamas
defense force to deal with drug trafficking. The United
States has also provided funding for law enforcement.
The biggest problem in relations with neighboring
Haiti and Cuba is the illegal immigration from these
countries to the Bahamas.
In the fall of 2011, the Bahamas signed an agreement
with Cuba on the border crossing at sea, after many
years of negotiations. This opened the opportunity to
look for oil in the area. A similar agreement with the
US is under discussion.
Relations with China have been strengthened in recent
years. In 2009, the two countries signed an agricultural
agreement, which means that the Caribbean will receive
technical support from China. The Bahamas has also
received Chinese loans to build a road and a national
stadium. In addition, China is building the major
tourist resort Baha Mar (see Current policy).
The Bahamas is a member of the Caribbean community,
the Caricom (Caribbean community), a regional
cooperation organization that from the beginning mainly
gathered Commonwealth countries, but which also includes
Haiti and Surinam.
FACTS - DEFENSE
1,300 men (2017)