JIS News

Cabinet has approved $24 million to JAMPRO to fund export promotion and facilitation overseas.
The money will fund the re-opening of the Toronto office and support the Jamaica Marketing Company (JAMCO) office and the reactivation of JAMCO under Jampro’s London office in England.
Minister with responsibility for Information Hon. Daryl Vaz said that the Ministry of Industry, Investment and Commerce, in the context of the National Export Strategy, decided to shift its emphasis to export promotion and facilitation overseas in light of the global economic crisis.
He told Wednesday’s (Jan 13) post cabinet briefing that the financial crisis has resulted in fallout in earnings from the mining sector and a sharp decline in foreign exchange earnings from tourism, remittances and traditional exports.
JAMCO, a Government owned company and a subsidiary of JAMPRO has been reactivated as part of the strategy to mobilise and place increased emphasis on non-traditional exports. It will have responsibility for marketing Jamaican products in the United Kingdom.