Jamaica Can Have Productive Relationship with New US Government – Shaw
By: , January 20, 2017The Key Point:
Photo: Mark Bell
Minister of Finance and the Public Service, Hon. Audley Shaw (right), shares in a light moment with Chief Executive Officer of Mayberry Investments Limited, Gary Peart, at the Mayberry Investor Forum, held on January 18, at The Knutford Court Hotel, in New Kingston. Mr. Shaw was the guest speaker.The Facts
- “I am optimistic that we can have a similar productive relationship with the new President. He is a businessman, and he knows the value of partnerships and good economic relationships,” the Minister said.
The Full Story
Minister of Finance and the Public Service, Hon. Audley Shaw, says Jamaica can have a productive relationship with the incoming Administration in the United States (US).
President-elect of the US, Mr. Donald Trump, will be sworn in today (January 20).
Mr. Shaw said given Mr. Trump’s background as a businessman, Jamaica is likely to enjoy a similar relationship with the US to the one that was established in the 1980s under the administrations of former Prime Minister, the Most Hon. Edward Seaga and former President of the US, the late Ronald Reagan, through the Caribbean Basin Initiative (CBI)
“I am optimistic that we can have a similar productive relationship with the new President. He is a businessman, and he knows the value of partnerships and good economic relationships,” the Minister said.
He was responding to questions at the Mayberry Investor Forum, held on January 18, at The Knutford Court Hotel, in New Kingston.
Mr. Shaw said the CBI provided a “good period for us” as, in 1987, the economy recorded growth of 8.2 per cent “partly because of the CBI”.
Meanwhile, the Minister told the forum that the economy is performing in line with the macroeconomic programme, and the outlook “remains very promising” as, over the medium term, growth will continue to improve and strengthen at 2.5 to 3.5 per cent.
He listed the areas that have high growth projections, such as mining, energy, ports, tourism, construction, communications, the business process outsourcing (BPO) sector, manufacturing, agriculture and agro-industry.