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  • Dr. Phillips says the prospects for additional export earnings, and jobs being generated by several key sectors, are promising.
  • The Minister pointed out that two of the key areas showing most promise are manufacturing and mining.
  • Dr. Phillips said that mining “has been expanding”.

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the prospects for additional export earnings, and jobs being generated by several key sectors, are promising.

Addressing a special forum for members of the Diplomatic Corps, at the Courtleigh Hotel, New Kingston, on February 5, the Minister pointed out that two of the key areas showing most promise are manufacturing and mining.

Dr. Phillips emphasized that the availability of reduced energy costs are paramount, if these sectors are to deliver, and singled out manufacturing  as  having “great” prospects.

“We are proceeding apace to diversify our energy sources away from oil and to install new capacity. We are positive about the process that has been embarked upon and believe that it will deliver the necessary results,” he assured.

Dr. Phillips said that mining “has been expanding”, and argued that as the global economy returns to substantially higher levels of growth, the sector’s activities, particularly in relation to bauxite and alumina, are expected to grow even further.

“The signs are good in that regard, and we expect expanded bauxite and alumina production in the course of the next year,” the Minister indicated.

The forum formed part of activities being held between February 2 and 7, to mark Diplomatic Week, under the theme: ‘Partnership for Growth’.