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

GO AHEAD! JOIN THE CONVERSATION

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recently Published

Mckoys-News-Arrests-840x480

8 People Arrested Following Firearm Seizure in St James

Jamaica Crime News, St James: Officers from the Jamaica Constabulary Force in St James have taken eight people into custody following the seizure of a .45 pistol along with nine .45 rounds of ammunition found inside a clothes basket during an operation in Retirement district, Granville, St James on  Tuesday, November 12. According to police reports, about 7:20 […]

Kristen Matthews Missing

19-year-old Kristen Matthews Missing

Jamaica Crime News, Kingston: Nineteen-year-old Kristen Matthews from Mignott Place in Kingston 8 has been missing since Sunday, November 11. She is of brown complexion, medium build, and is about 157 centimetres (5 feet 2 inches) tall. Reports from the Constant Spring Police are that Matthews was last seen at home about 10:30 p.m. wearing […]

Crime McKoy's News

Female Shopkeeper Murdered in Kingston

Jamaica Crime News, St Andrew: The Police in Olympic Gardens are now investigating the circumstances surrounding the shooting death of a female inside a grocery shop yesterday, November 12. The victim has been identified as 25-year-old Shantol Chance, otherwise called “Ce Ce”, from Farham Road in Olympic Gardens, Kingston 11. Reports from the Olympic Gardens […]

Delano-Wilmont-Top-Most-Wanted-1-Most-wanted
three miles456

Three Miles Bypass to be Completed in Two Weeks

Jamaica News: The new US$1-million bypass for Three Miles in St. Andrew that is being constructed to help ease traffic congestion in the Corporate Area should be completed within the next two weeks. The two-lane 1.5-kilometres roadway is part of the Government’s overall road development and traffic management programme and will link Chesterfield Drive, off […]

simonwe43

GIS Day Exposition at UWI Nov. 14

Jamaica News: The National Spatial Data Management Division (NSDMD) of the Ministry of Economic Growth and Job Creation is inviting the public to attend its 16th annual national Geographic Information System (GIS) Day Exposition, at the University of the West Indies (UWI), Mona, on Wednesday, November 14. To be staged under the theme ‘Geospatial Technologies: […]