Prime Minister Bruce Golding has again sought to allay fears that CARIFORUM countries may have given up more than they will gain from the Economic Partnership Agreement (EPA) with the European Union.
The Caribbean Banana Exporters’ Association (CBEA) is expressing grave concern that the European Union (EU) might bow to pressure from Latin American banana producing countries and reduce its 176 euros per tonne tariff for bananas from that region.
Tempers flare as Caricom trade negotiators and the European Commission work with an October 15 deadline to initial an EU-Caribbean EPA
A European Union (EU) representative in Jamaica, moving to calm fears that duty-free goods from that region would storm the Caribbean come January 1, 2008 has said the 27-member bloc is not expecting full reciprocity on its blanket offer to eliminate duties on regionally-produced goods entering its market.
Author and former Jamaican public servant, Lloyd D. McCarthy, makes the case that both Claude McKay and Michael Manley would have supported the political and economic initiative called the Bolivarian Alternative for the Americas (ALBA).
The European Union said it wants to complete new trade agreements with 78 African, Caribbean and Pacific (ACP) countries by the end of the year despite opposition from developing countries.
Venezuelan President Hugo Chavez has urged Jamaica to join the Bolivarian Alternative for the Americas (ALBA) - widely viewed as a counter to the US-sponsored Free Trade Area of the Americas (FTAA).
Jamaican trade experts are confident that when the ongoing Economic Partnership Agreement (EPA) negotiations between the European Union (EU) and the Caribbean Forum of ACP States (CARIFORUM) are completed by the end of the year, it will facilitate a more dynamic export market for Jamaica and the rest of the region.
In recent months, there has been much ado about foreign investment considerations, though the issues have not always presented themselves directly, or exclusively, as investment questions. Some of them touch on significant Jamaican interests, so we need to be especially careful in our analysis.
Jamaica and Mexico have agreed to joint action to promote bilateral trade and investment between the two countries, following discussions between Prime Minister PJ Patterson and Mexican president Vincente Fox yesterday.
Trade unions which represent sugar industry employees plan to stage peaceful demonstrations outside the European Union delegation offices this week to help press Jamaica’s case for more time to adjust to Europe’s planned sharp reduction in the price it pays Caribbean countries for sugar.