Jamaica’s strategic location near to some of the biggest markets as well as lying on several trade routes, gives us a great advantage in trade. Along with our human and natural resourses it is for us to use these advantages to our benefit.  Efforts to simplify trade processes and improve infrastructures such as ports and logistics to enhance Jamaica’s trade efficiency and competitiveness will be continued. JAP will explore and seek to negotiate better trade agreements and access to new markets and reduce tariffs. Participation in regional trade blocs like CARICOM and agreements with larger economies will be looked at with a view to maximize the benefits from these agreements.

The role of JAMPRO will be examined with a view to reorganize and expand its operation so as to better assist our exporters. JAMPRO will continue to help exporters to identify export markets and to diversify their export as well as to improve the quality and competitiveness of their goods. We will also seek to increase the value of exported products by developing industries that add value to raw materials, such as processing agricultural products before export. Customs procedures will be streamlined to reduce delays and lower costs for exporters and to create a more business-friendly environment.

We will provide support for startups and small businesses that can contribute to innovative and niche markets. Incentives and tax breaks will be provided for businesses to upgrade and retool so as to become more efficient and competitive. This will enable the adoption of modern technology in production, logistics, and marketing.

 Jamaica has historically had high import duties on certain goods to protect local industries. However with the signing of various international agreements and being a member of the WTO, there has been a trend toward reducing tariffs and streamlining customs procedures to facilitate trade and encourage investment. It is no longer possible to block imports with high tariffs, but we must be more competitive in producing for both the local and overseas markets.