Trinidadians seeking business opportunities in Jamaica

Trinidadians seeking business opportunities in Jamaica

Thursday, February 07, 2019

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KINGSTON, Jamaica — A business delegation from Trinidad and Tobago has been in the island since Tuesday for a four-day trade mission which ends tomorrow.

The team, being hosted by the Jamaica Chamber of Commerce, represents 10 companies involved in various sectors. These are construction, architectural services, food and beverage, agro-chemical, consumer and household products, software development, marketing and advertising.

They will be meeting with members of public- and private-sector entities, as well as potential business partners, over the course of the visit.

Minister of Foreign Affairs and Foreign Trade, Senator Kamina Johnson Smith, who addressed the opening session of the trade mission at The Jamaica Pegasus hotel in New Kingston on Wednesday, noted the commitment of the Governments of the Caribbean Community (CARICOM) to increase opportunities for trade within the region.

She noted that the Caribbean Single Market and Economy (CSME), set up to facilitate the free movement of skills and capital, has the capacity to “stimulate greater production, greater competitiveness, high levels of domestic and foreign investments as well as increase employment and growth of intra- and inter-regional trade”.

“Sadly, the facilitation of production integration and efficiency and, by extention, the competitiveness of member states have not fully been realised yet,” she noted.

Johnson Smith said the CSME must be fully understood and used optimally “if it is to achieve the economic gains for national development”.

“The CSME is largely about you. It is largely about putting private sector at the front, at the centre and heart of regional integration,” she added.

She noted that CARICOM Heads of Government, at a special meeting in December 2018, had underscored the importance of strengthening engagement with the private sector.

She said, further, that the Caribbean Business Council, aimed at promoting private-sector interest, will become an integral mechanism to ensure that the voice of the business community is heard.

“It is important. Business is what will make this work. It is not a philosophical consideration or the bureaucratic mechanisms which will, at the end of the day, get us to where we want to go. It is businesses employing people, investing, trading and moving forward together that will make the difference ultimately,” she emphasised.

Chief Executive Officer of the Trinidad and Tobago Chamber of Industry and Commerce, Gabriel Faria, told JIS News that the visit to Jamaica came at the request of members of the Chamber, who were keen on visiting Jamaica.

“We wanted to come and meet with the different parties – JAMPRO, the Jamaica Stock Exchange and the Chamber here, so we could look at opportunities to further develop business relationships between the two countries,” he said.

Faria said that the members are looking to network and expand their businesses overseas.

“They are looking for opportunities to network and to create new partnerships. So some are smaller companies and by coming with the Chamber, we are able to help them to settle meetings. We are able to help them to network in an environment like this,” he added.


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