Jamaica
-
FATCA: Will it harm our economy?
KINGSTON, Jamaica – It now seems that our money is going to be controlled once more by external governments and their regulations. There will be instituted in our banking regulations a requirement for some additional information on clients' funds, and their source of funds, especially if they happen to be citizens of the USA, or simply green card holders. This…
Read More » -
Ja benefits from Carib Basin Act, Vasciannie tells US Int’l Trade Commission
KINGSTON, Jamaica – JAMAICA has benefited significantly from the Caribbean Basin Economic Recovery Act (CBERA), and more generally from the Caribbean Basin Initiative, Jamaica's Ambassador to the United States Stephen Vasciannie told a public hearing of the United States International Trade Commission in Washington, DC last Thursday. Ambassador Vasciannie's presentation is designed to assist the commission compile its 21st report…
Read More » -
Sugar losing grip on Europe
KINGSTON, Jamaica – It is quite possible that in less than a decade from now, raw Caribbean sugar will cease to enter the European market. If as seems likely this happens, it will bring to an end not just the preferential arrangements that Africa, Caribbean and Pacific (ACP) sugar producers have enjoyed since 1975, but also a trade that for…
Read More » -
No need for a trade war between Jamaica and Trinidad and Tobago
KINGSTON, Jamaica – The state of the Jamaican economy and the increasing hostility to trade with Trinidad and Tobago by Jamaican manufacturers are matters that should concern all of the other 13 member countries of the Caribbean Community and Common Market (CARICOM). It may be that in some form of quiet diplomacy unknown to the publics of the 15-nation CARICOM,…
Read More » -
Yes to trade and aid: What of rule of law?
KINGSTON, Jamaica – CARIBBEAN Community (CARICOM) governments often reveal surprising reluctance to publicly respond to challenges relating to violations of fundamental human rights and the rule of law when, generally, the United States of America is involved. This attitude was quite in evidence prior to and during meetings with US Vice-President Joseph Biden last month in Port of Spain, where…
Read More » -
‘Don’t even think about it’ – King warns against int’l debt default
KINGSTON, Jamaica – After a couple of highly successful debt-swap programmes in the last three years, two economists have warned that Jamaica should not even contemplate a similar move for its foreign obligations. Such a move, warned Dr Damien King, head of the Department of Economics at the University of the West Indies (UWI), Mona, would have devastating consequences for…
Read More » -
Multinational loans won’t stabilise dollar – IMF rep
KINGSTON, Jamaica – DR GENE LEON, the International Monetary Fund (IMF) senior resident representative to Jamaica, has branded as illusionary, the view that an inflow of hard currency from the multinationals will bring stability to the country's foreign exchange market. Leon, who was a guest at The Gleaner's Editors' Forum on Wednesday, said stability results from earning enough foreign exchange…
Read More » -
Import duty hike will punish J’can consumers – economists
KINGSTON, Jamaica – A LEADING economist says Jamaicans would be punished with higher prices if the Jamaica Manufacturers' Association (JMA) is able to successfully lobby the Government to increase import duties to protect local markets. “You have to realise that the JMA sector and … consuming Jamaicans have diametrically opposed interests. If the JMA gets its way, you pay more…
Read More » -
Thousands of children engaged in child labour in Jamaica
KINGSTON, Jamaica, CMC – The Jamaica government says it is committed to the elimination of all forms of child labour in the country. “Our determination in this goal is unshakable and we will remain engaged with the International Labour Organisation (ILO), the European Union, and other international and local partners in this endeavour,” said Labour and Social Security Minister Derrick…
Read More » -
Jamaica to benefit from Canadian investments
KINGSTON, Jamaica – JAMAICA and other Caribbean countries are to benefit from three new investments from Canada aimed at increasing private sector-led development and alleviating poverty in developing countries The announcement was made by Canada's Minister of International Cooperation Julian Fantino Tuesday during an address to the 19th annual Conférence de Montréal in Quebec. He said Canada is providing further…
Read More »