Minister Johnson Smith Says Post-Brexit Trade Deal Close to Being Finalised

Jamaica News: Minister of Foreign Affairs and Foreign Trade, Senator the Hon. Kamina Johnson Smith, says the technical work for the rollover of the Economic Partnership Agreement (EPA) into a new CARIFORUM-United Kingdom (UK) trade arrangement post-Brexit is close to being finalised.

“The European Union (EU), I assure you, remains an important trade partner for Jamaica and our CARIFORUM colleagues, and the EPA will remain in place,” she said.

“It will continue to be the framework under which we trade with the EU, so we continue to work towards its ratification and to call on entrepreneurs and other players in the private sector to

explore opportunities within this framework, even as we seek to improve implementation,” she added.

Senator Johnson Smith was addressing the quarterly press briefing at the Ministry’s Dominica Drive headquarters in New Kingston on November 7.

84-Year-Old Jamaican Exercised Her Right to Vote in US Midterm Elections

Meanwhile, she said that tariffs imposed by the United States (US) on aluminium and steel continue to have little or no effect on Jamaican businesses.

The Minister attributed this to the “alternatives and flexibility” that exist in the trading arrangements with countries that Jamaica exports to “such that we have not been impacted”.

“In fact, we have been advised by the relevant line Ministry that Jamaica’s earnings from bauxite and alumina for the first half of 2018 were 60 per cent and 95 per cent, respectively, of the entire export values in 2017. If that (trend) continues, we will, in fact, have grown in the sector,” she said.

She said the improvements that have been achieved in the sector underscore “the importance of monitoring, maintaining a cool head [and] ensuring that you have data and analysis, so that you do not risk causing unnecessary panic within the sector and among the players”.

The US Administration imposed tariffs of 10 per cent and 25 per cent on aluminium and steel, respectively, citing national security grounds. The tariffs took effect on March 23.

 

Source: JIS News

Please send us your Feedback, News Item, Photos and/or Videos to our WhatsApp Number 1-876-353-1389 or Email [email protected]

Recently Published

Montego Bay Man Killed in Freak Accident at Bogue
Trump’s-Done.-Here-is-the-Evidence.
Edmund Daley

Elderly St Andrew Man Missing, Last Seen at Funeral

Jamaica News, St Andrew: 62-year-old Edmund Daley, who is otherwise called ‘Ed’, has been missing since 30 December 2018. He is from Border Avenue in Havendale, St Andrew. Daley is of dark complexion, slim build, and is about 177 centimetres (5 feet 10 inches) tall. Reports from the Constant Spring Police are that Daley was […]

awp09iop0

ASAJ Commended for Expanding Facility at Independence Park

Jamaica News: Minister of Culture, Gender, Entertainment and Sport, Hon. Olivia Grange, has commended the newly renamed Aquatic Sports Association of Jamaica (ASAJ), formerly the Amateur Swimming Association of Jamaica, for its initiative to expand its facility to better serve the aquatic sports fraternity. “We are proud of the efforts of the ASAJ, because we […]

DSC_4977-670x450

ODPEM Looking to Promote Culture of Earthquake Preparedness

Jamaica News: The Office of Disaster Preparedness and Emergency Management (ODPEM) is looking to promote a culture of earthquake preparedness and response among Jamaicans. “We want to (stir) the nation into action because earthquakes or tsunamis can occur at any time,” said Director General of the agency, Major Clive Davis. “While we have no control…the […]

Olivia Grange

Sports Bodies Urged to Enrol Athletes in Gov’t Insurance Plan

Jamaica News: Minister of Culture, Gender, Entertainment and Sport, Hon. Olivia Grange, is imploring sports associations and federations to enrol eligible athletes in the Government’s Jamaican Athletes’ Insurance Plan. “The Ministry has constantly called for sporting associations to join the plan to insure national athletes or those in development squads preparing to represent Jamaica. I […]