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Jamaica trade with CARICOM increases for 2009-2010
2010-12-31 09:30:54 | (0 Comments)
CMC – Jamaican exports to the Caribbean Community (CARICOM) markets grew by more than 70 per cent during the year as the island exported goods and services to the tune of US$209.1 million under various trade arrangements.
According to a report from the Trade Board, which has been tabled in Parliament, local exports to markets in the 15-member CARICOM grouping grew by 73 per cent “reflecting increased sales of cement to the region”.
The Trade Board gave no corresponding figures for the previous year, but said that there was a five per cent increase in applications for the importation of refined sugar, reflecting modest growth in the juice and other industries that utilise the commodity as input.
It said applications for the importation of milk powder grew by 94 per cent, due to the development of new products, forward buying as a result of the high demand on the world market, and price instability.
The Board said that it issued 1,534 shipment certificates valued at US$17.9 million to scrap metal dealers/carriers, accounting for 74 per cent of the total number of export permits issued for the trade.
The Trade Board Limited, an agency under the Ministry of Industry, [COLOR=blue !important][COLOR=blue !important]Investment[/COLOR][/COLOR] and Commerce, is mandated to issue import and export licences for specific items that may impact negatively on the environmental, social and [COLOR=blue !important][COLOR=blue !important]economic [COLOR=blue !important]conditions[/COLOR][/COLOR][/COLOR] of the country, in a manner consistent with international obligations under the World Trade Organisation (WTO) Agreement for import licensing, and certificates of origin for Jamaican products exported under the various preferential [COLOR=blue !important][COLOR=blue !important]trade[/COLOR][/COLOR] agreements.
It also monitors imports and exports of specified [COLOR=blue !important][COLOR=blue !important]commodities[/COLOR][/COLOR]
, as required by the Ministry, and informs the business community and prospective entrepreneurs of the facilities available under the various trade agreements, according to a Jamaica government statement.
2010-12-31 09:30:54 | (0 Comments)
CMC – Jamaican exports to the Caribbean Community (CARICOM) markets grew by more than 70 per cent during the year as the island exported goods and services to the tune of US$209.1 million under various trade arrangements.
According to a report from the Trade Board, which has been tabled in Parliament, local exports to markets in the 15-member CARICOM grouping grew by 73 per cent “reflecting increased sales of cement to the region”.
The Trade Board gave no corresponding figures for the previous year, but said that there was a five per cent increase in applications for the importation of refined sugar, reflecting modest growth in the juice and other industries that utilise the commodity as input.
It said applications for the importation of milk powder grew by 94 per cent, due to the development of new products, forward buying as a result of the high demand on the world market, and price instability.
The Board said that it issued 1,534 shipment certificates valued at US$17.9 million to scrap metal dealers/carriers, accounting for 74 per cent of the total number of export permits issued for the trade.
The Trade Board Limited, an agency under the Ministry of Industry, [COLOR=blue !important][COLOR=blue !important]Investment[/COLOR][/COLOR] and Commerce, is mandated to issue import and export licences for specific items that may impact negatively on the environmental, social and [COLOR=blue !important][COLOR=blue !important]economic [COLOR=blue !important]conditions[/COLOR][/COLOR][/COLOR] of the country, in a manner consistent with international obligations under the World Trade Organisation (WTO) Agreement for import licensing, and certificates of origin for Jamaican products exported under the various preferential [COLOR=blue !important][COLOR=blue !important]trade[/COLOR][/COLOR] agreements.
It also monitors imports and exports of specified [COLOR=blue !important][COLOR=blue !important]commodities[/COLOR][/COLOR]
, as required by the Ministry, and informs the business community and prospective entrepreneurs of the facilities available under the various trade agreements, according to a Jamaica government statement.
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