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Jamaica’s Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade, Dr. Kenneth Baugh, has declared that the island presented an unparalleled location for investment.
“Our breathtaking beauty, excellent infrastructure, strategic location at the centre of the Americas offers tremendous possibilities for European investors. Jamaica is not just for sun and sea, but is also an exciting destination for investment in the Caribbean,” Dr. Baugh told the morning session of the first Jamaica-United Kingdom Investment Forum held at Church House, Westminster in London on Thursday February 5.
“We want to ensure Jamaica’s trade with Europe develops beyond the traditional products into new areas, and we want to see our trade with Europe develop beyond our traditional partners. We are also looking to engage the North American market more aggressively. We will also be looking at deepening our existing trade agreements with regional partners, like the Dominican Republic, to ensure that we create conditions for our private sector to begin to benefit and trade,” he said.
He told the forum that the Economic Partnership Agreement(EPA) signed with the European Union fits in with the objectives of Jamaica’s broad trade policy and development goals.
“The EPA is a very good example of North-South cooperation, it also facilitates South-South cooperation ands it also creates opportunities for East-West cooperation, as well as cooperation within United Nations bodies and international financial institutions,” Dr. Baugh added.
Executive Director of the Caribbean Council, David Jessop, praised Jamaica for being forward-looking in hosting the UK investment forum.
He said that this would position the island to gain significantly when the upturn comes.
The Forum was also addressed by Minister of Investment, Industry and Commerce, Karl Samuda and Minister without Portfolio in the Ministry of Finance, Senator Don Wehby.