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Jamaica to benefit from regional procurement system

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Thursday, 11 September 2014

Jamaica to benefit from regional procurement system

JAMAICA is to benefit from a regional project aimed at creating a fully functional electronic public procurement system across the Caricom Single Market and Economy (CSME).

The Regional Integration Electronic Public Procurement System, which is to be implemented across Caricom member states, is geared towards the liberalisation and integration of the regional market for trade in goods and services.

This involves establishing and maintaining a regime for the free movement of goods and services within the CSME. The programme is being implemented by Caricom, with funding support from the European Union.

In an interview with JIS News on Wednesday, Ivor Carryl, programme manager for the CSME at the Caricom Secretariat, pointed out that Jamaica and other Caribbean states have much to gain from the successful development of such a system, which is expected to be in place by 2016.

Carryl was in the island for a two-day consultative forum at the Knutsford Court Hotel in New Kingston with representatives from both the public and private sectors, to discuss recommendations for the project.

He disclosed that a regional approach to public sector procurement, supported by a regional procurement system, can bring many benefits to the Caribbean region, and can be one of the key pillars for the advancement of the Caribbean integration process and the CSME.

"You are looking at a market that is somewhere in the vicinity of US$17 billion annually and for a region of five and a half million people (with the exception of Haiti). That's a lot of money," he added.

Source: jamaicaobserver.com