Jamaica
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Private sector needs representation at regional level
KINGSTON, Jamaica – Minister of Foreign Affairs and Foreign Trade A.J. Nicholson has appealed to the Jamaican private sector to participate in establishing an association to represent their interests at the regional level. He has also invited the private sector to participate in the preparatory process for a special session of the Caribbean Community (CARICOM) Council for Trade and Economic…
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Changing European policy
KINGSTON, Jamaica – Spend time in Brussels, or in any other European capital that has a close relationship with the Caribbean, and it soon becomes apparent how fast thinking about policy is changing on a broad range of issues that may affect the region’s long-term interests. Look at the matter from the other direction, however, and it is clear that…
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Caribbean political, business leaders meet on Branson’s private island to discuss conservation
KINGSTON, Jamaica – In a bid to safeguard biodiversity and the Caribbean’s tourism-based economy, regional political leaders and corporate executives will gather Friday on billionaire Richard Branson’s private island with the aim of protecting 20 per cent of the region’s coastal resources by 2020. Participants are expected to announce various commitments to advance the “Caribbean Challenge,” an initiative that is…
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US-based university to help develop local agricultural sector
KINGSTON, Jamaica, CMC – Jamaica says it will receive assistance from a university in the United States to develop the research capacity of the local agricultural sector. Agriculture Minister Roger Clarke said a delegation from the Florida Agricultural and Mechanical University has arrived here for talks with various stakeholders and institutions, in order to familiarize themselves with existing infrastructure and…
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Jamaica uncovers scheme involving Trinidad and Tobago products
KINGSTON, Jamaica, CMC – Jamaica has imposed additional duties on lube oil product from Trinidad and Tobago, accusing the oil rich twin island republic of engaging in a scheme to circumvent the rules of origin in the Treaty of Chaguaramas, governing the Caribbean Community (CARICOM). Industry, Investment and Commerce Minister Anthony Hylton told parliament the scheme was brought to the…
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CAL to discuss route cut with Jamaica
KINGSTON, Jamaica – The state-owned Caribbean Airlines (CAL) recorded losses estimated at US$70 million last year, Finance Minister Larry Howai has said. He told the Senate on Tuesday that the figure does not include the US$40 million in fuel subsidy to the airline, even though he insists that the airline remains solvent. But Opposition legislator Dr Lester Henry said he…
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Ban Ki-Moon’s warning not to be taken lightly!
KINGSTON, Jamaica – UNITED Nations Secretary General Ban Ki-moon issued a warning to the world’s business community yesterday that, we believe, is most pertinent to Jamaica and indeed our sister Caribbean states. According to Mr Ban, economic losses linked to disasters are “out of control” and will continue to escalate unless disaster risk management becomes a core part of business…
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EDITORIAL – Getting serious about CARICOM
KINGSTON, Jamaica – Until now, the debate about Jamaica’s relationship with the Caribbean Community (CARICOM) has been emotive and huffing. The core of the issue is Jamaica’s near US$1 billion trade deficit with the community, the bulk of which is with Trinidad and Tobago. Jamaica mostly place the blame for this state of affairs on claims that Port-of-Spain breaks regional…
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Jamaica: Searching for economic stabilization
GEORGETOWN, Guyana – At the beginning of this month, the Executive Board of the International Monetary Fund (IMF) approved new funding arrangements to help stabilize the Jamaican economy and put it on a path to economic growth. The negotiation of the funds, a so-called Extended Fund Facility (EFF) up to US$923M has taken an extended period, lasting from the period…
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