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Tuesday, 21 February 2017

Jamaica Gov’t Looking to Strengthen Trade Relations with EU

The Government is examining ways to more effectively utilise the CARIFORUM-European Union (EU) Economic Partnership Agreement (EPA) to strengthen Jamaica’s trade relations with the 27-member EU. This is against the background of significant developments, notably the pending departure of the United Kingdom (UK), Jamaica’s largest trading partner in that bloc, said Foreign Affairs and Foreign Trade Minister, Senator the Hon. Kamina Johnson Smith. She was speaking during the Third Jamaica/EU Political Dialogue held recently at the Ministry’s New Kingston offices. The EPA, between the EU and the Caribbean Forum (CARIFORUM), which is the African, Caribbean and Pacific Group of States, took effect in 2009. It replaces the trade provisions of the Cotonou Agreement signed in 2000 and is intended to provide improved long-term market access for CARIFORUM countries into the EU on a reciprocal basis. It also has provisions for cooperation and development support for the Caribbean. Senator Johnson Smith noted that Jamaica has established a Commission to review and examine relationships within CARICOM and the CARIFORUM structure, and the report is expected to be presented shortly.

Source: jis.gov.jm