Jamaica Needs “Vibrant” Export Sector

By: Caribbean Journal Staff - March 16, 2012

Above: Minister Anthony Hylton (JIS Photo)

By the Caribbean Journal staff

A “vibrant” export sector is vital to the Jamaica’s growth and forms a major pillar of long-term economic stability, according to Jamaican Industry Minister Anthony Hylton.

Hylton was speaking to an audience of exporters at the JAMPRO Interactive Exporter Forum in Montego Bay Thursday.

“We must renew our export strategy on the basis of establishing the capacity to penetrate global markets and achieve sustained growth of exports, thus driving employment and income generation,” he said. “Besides, the export sector is key to growth in an economy that relies heavily on imports of capital goods and needed supplies to support domestic production.”

“After all, we are required to pay for these commodities in foreign currency,” he said.

Hylton said the challenge of heightened global competition is compounded by the fact of the government’s limited fiscal capacity due to the size of its public debt.

“We must take bold steps to develop world-class enterprises that will drive the country’s competitiveness in global markets,” he said.

Part of that process will involve developing a culture of innovation, advanced technology and modernised production facilities, according to Hylton.

“Jamaica’s national export strategy is a unified strategic initiative that seeks to maximise the export sector’s direct contribution to economic and social development,” he said. “The focus of the government’s export strategy is on improving the competitiveness of Jamaican firms and increasing penetration of domestically-produced goods and services in global markets.”

Popular Posts

The 10 Best Overwater Bungalows in the Caribbean, From Aruba to Belize

Overwater villas at Caribbean resorts aren’t just a novelty — they’re also among the most luxurious and beautiful accommodations you can stay in. And while all of the bungalows perched above the waves have their charms, some stand out among […]

The 10 Best Luxury All-Inclusive Resorts in the Caribbean, From Antigua to Jamaica

all-inclusive hammock cove

All-inclusive resorts are more popular than ever, particularly in the Caribbean. The all-inclusive concept just keeps winning over travelers, who have been drawn to the ease, comfort and convenience of the concept. But the biggest thing within the space isn’t […]

The Bahamas’ Atlantis Paradise Island Just Completed a $150M Renovation

walking on the beach in nassau

A new eatery by Michelin-star Chef Michael White. A new-look casino. State-of-the-art guest rooms and the Caribbean’s first Shake Shack.  The Bahamas’ Atlantis Paradise Island resort has officially completed a $150 million resort-wide renovation, a significant project that included a […]

Related Posts jamaica montego bay

LATAM Is Adding More Nonstop Flights to Montego Bay, Jamaica

Jamaica’s record-breaking tourism growth keeps heating up — and not just from traditional source markets like the United States.  That includes a growing number of travelers from still-untapped markets like Latin America.  And new nonstop flights on major carrier LATAM […]

From Montego Bay to Ochi, Why to Visit a Sandals in Jamaica Right Now

sandals south coast with trees

Dunn’s River Falls. The Pelican Bar. Seven Mile Beach. Rick’s. The White River. Rose Hall. Jamaica never stops calling.  Whether you’re looking for the bustle and energy of Montego Bay, the laid-back cool of Negril or the abundant natural beauty […]

American Airlines Is Adding Daily Flights to This Jamaica Hotspot 

american airlines jamaica nonstop

Secluded coves, sparkling turquoise water, the birthplace of James Bond. Ocho Rios, Jamaica has always been one of the island’s most sought-after destinations, from its venerable luxury resorts to its popular all-inclusives.  But it’s never had a nonstop flight from […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You