US$1 Per Pound Levy on Exported Conch
By: , July 24, 2013The Key Point:
The Facts
- The duty facilitate the sustainable development of the fisheries sector
- The duties fund the monitoring of Jamaica’s limited conch resources
The Full Story
A levy of US$1 has been imposed on each pound of conch exported during the 2013 conch season.
The House of Representatives, on Tuesday, July 23, approved the Conch (Export Levy) (Rate of Levy) Order Resolution, 2013, to facilitate the move. The Resolution was brought by Minister of Agriculture and Fisheries, Hon. Roger Clarke.
The law requires that for each conch season, the rate prescribed by the Minister must be subject to affirmative resolution in the House of Representatives.
The Conch (Export Levy) Act imposes a duty on the export of conch, to facilitate the sustainable management and development of the fisheries sector.
The Act, which was passed in 2009, is used in part to offset the cost of implementing programmes for monitoring, control, surveillance and enforcement in relation to Jamaica’s limited conch resources. These programmes are expected to reduce illegal, unreported and unregulated fishing.