Jamaica's trade agenda needs to be more ambitious, says Hylton

Latest News

Jamaica's trade agenda needs to be more ambitious, says Hylton

Thursday, July 02, 2020

Print this page Email A Friend!


KINGSTON, Jamaica— People's National Party spokesman on industry, competitiveness and global logistics, Anthony Hylton says the country's trade agenda needs to be more ambitious than the current “defensive posture” of Caricom on external trade.

During his sectoral debate presentation this week, Hylton said that developing a network of trade agreements, which ensure market access and low or no tariffs for goods and services produced in the country, is a prerequisite for Jamaica realising its “full potential as the logistics gateway to the Americas”.

“There are some low hanging fruits where some Caricom countries, such as Trinidad and Tobago and Belize, have sought and obtained waivers to enter into full or partial scope trade agreements with other countries, with whom Jamaica and other more defensive Caricom countries did not want to expand trade with at that time,” he said.

“However, a condition of the grant of a waiver by the COTED, the Council on Trade and Economic Development, is that every such agreement must contain a provision allowing all other Caricom countries to join such agreements, either singly or collectively, subject of course to negotiations with the non-Caricom country partner,” Hylton argued.

He said a strategic approach would allow for quick movement in opening up trade lanes, “without enduring the interminable haggling and delays attendant on intra-Caricom discussions on matters of trade, internal or external.”

“Jamaica needs quick wins in its trade agenda in order to secure its comparative and competitive advantages as the Logistics Gateway to the Americas,” the spokesman said.

Hylton said Jamaica should join the existing Partial Scope Agreement between Trinidad and Tobago and Panama, which was signed in October 2013.

“The next level of agreements to be signed in carrying out this strategy should be with those countries in Latin America, including Columbia, Mexico, Venezuela etc, washed by the Caribbean Sea and for which purpose the Association of Caribbean States (ACS) was established,” he added

During his presentation, Hylton also said that “negotiating bilateral or plurilateral trade agreements is the only option available to Jamaica/ Caricom, where the multilateral trading system appears to be at a standstill, as signified by the announced early resignation of the current WTO Director General.”


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

If there were no government COVID restrictions, and people were able to decide for themselves about how to manage their risk, how soon would you return to your normal activities?
Right now
11%
After new cases decline
16%
After no new cases
34%
After vaccine developed
24%
I've already returned to my normal routine
15%

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT