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Jamaica VS Trinidad; Industry Minister Karl Samuda Urges Exporters To Think Of CARICOM As A Training Ground To Take On The World Market

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With private sector concerns over Jamaica-Trinidad trade relations on the rise, Minister of Industry, Commerce, Agriculture and Fisheries, Karl Samuda is calling on local exporters to consider the obstacles they are currently facing as a ‘training ground’ for trading on the world market.

Speaking at the July 2 Jamaica Exporters Association 50th Anniversary Exporters’ Banquet, he said it is his personal view that too much emphasis and worry is being placed on trading in within the Caribbean Community (CARICOM). “CARICOM is an extended domestic market. It’s a training ground for those of us who start and want to break into exports, but it is not the market that we should look to. It is my view that we have reached beyond the stage of preferential treatment by UK and other countries which have helped us in the past. We have reached the stage now where we have graduated to taking our place in the World Market. And our market is the world, not CARICOM.”

Minister Samuda further questioned why Jamaicans even bother to place so much emphasis on comparing itself with Trinidad and Tobago.

Jamaica and Trinidad Trade History
As at December 2015, exports from Jamaica represent less than two per cent of the value of imports from Trinidad. In 2015, the value of exports to Trinidad from Jamaica fell below the $10-million mark to $7.48 million, for the first time in a decade. Comparatively, imports from Trinidad range above $400 million annually. In 15 years of trade between the islands since 2001, Jamaica has imported $10.52 billion in goods from Trinidad, compared to exports of $248.75 million in goods to the eastern Caribbean nation.

According to President of the Private Sector Organisation of Jamaica (PSOJ), William Mahfood, it would seem that “Jamaica has been the ATM for Trinidad and Tobago”. He was speaking ahead of the upcoming CARICOM Heads of Government Summit, in referencing to a comment made by former Trinidad and Tobago prime minister, Kamla Persad-Bissessar, who in 2010 at a similar event in Jamaica, controversially declared that her country was not an “ATM machine for the Caribbean”. “Jamaica, without us even realising it, for many, many years has been the ATM for Trinidad. What exists now in CARICOM is a one-way street. We have an influx of goods coming from Trinidad. Trinidad, at this point in time is the only beneficiary of CARICOM,” he argued.

Meanwhile, head of the Jamaica Manufacturers’ Association (JMA), Metry Seaga says while he will not go as far as describing the country as T&T’s ATM, he is also concerned about the present state of relations between Jamaica and the twin island republic. Speaking at the recent JMA Annual General Meeting where he was reelected as president, Seaga said the move by the government to establish a CARICOM Review Commission to analyze the economic prospects of being a member of the regional group, was a timely one based on Jamaica’s consistent trade deficit with its CARICOM counterparts.
And Chairman of the review Commission, Bruce Golding says a key matter for consideration is whether the initial Treaty of Chaguaramas that was negotiated for CARICOM’s establishment in 1973 or its subsequent revision in 2001 has responded to the vast global changes occurring over the past 43 years. He says other topical issues for exploration include trade practices; the treatment of Jamaicans travelling to other CARICOM countries; contrasts emerging between CARICOM’s strategies and goals and those of individual countries and how these can be reconciled.

The Commission will have its first meeting at the Ministry tomorrow.

Samuda on Trade Relations
Making the comparison between Jamaica and Trinidad & Tobago in terms of competitiveness and annual growth, Minister Samuda said he was unsure why Jamaican companies are ‘afraid of Trinidad’. However, the Industry Minister says while Trinidad is no one to be afraid of, they do have an advantage over Jamaica. He says this is in relation to their level of unemployment and the value of their trade surplus.

Overall, Minister Samuda says Jamaican manufacturers and exporters at all levels need to take advantage of their potential. He says three areas that need particular focus are the sugar industry, the seafood industry and Agro-business.

He says if Jamaica is to truly compete in the World Market, instead of dwelling on the issues it faces trading with regional partners, effort and focus need to be on creating and sustaining growth. He says this can only be done through strategic investment and trade.

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Powering the Future: CARILEC and Green Solutions International SKN Launch Electric Vehicle Training in St. Kitts

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Caption: Participants receiving hands-on training in electric vehicle maintenance and repair during an EV Training Programme facilitated by GSI SKN.

Basseterre, St. Kitts, 7th April 2025 – CARILEC, the leading association for electric utilities in the Caribbean, has partnered with Green Solutions International SKN Inc (GSI SKN) to deliver a cutting-edge Electric Vehicle (EV) Training Programme in St. Kitts from June 23 to July 4. This comprehensive training aims to equip professionals with the skills needed to work safely and effectively with electric and hybrid vehicles.

GSI SKN, a leading NGO driving clean energy growth and sustainability across the Caribbean, offers EV certifications from the Institute of the Motor Industry (IMI) in the UK and Technischer Überwachungsverein (TÜV) in Germany. The organisation partners with the IRENA SIDS Lighthouses Initiative, holds accreditation with the UNFCCC, and is the exclusive regional partner for the North American Board of Certified Energy Practitioners (NABCEP). With a strong track record in renewable energy and e-mobility, GSI SKN has successfully delivered consulting, training, and certification projects across the Caribbean, including in Guyana, Jamaica, Barbados, Bermuda, and St. Kitts & Nevis.

Dr Wayne Archibald, Executive Director at GSI SKN, will also contribute his expertise as a featured speaker at the upcoming Eastern Caribbean Central Bank (ECCB) 9th Annual Growth and Resilience Dialogue, taking place from April 10 to 11, 2025. His participation reflects the regional recognition of GSI SKN’s leadership in clean energy and sustainable mobility.

Accelerating the Caribbean’s Shift to Electric Vehicles

The Caribbean region is increasingly adopting electric vehicles (EVs), driven by government incentives, environmental concerns, and economic opportunities. Barbados leads in per capita EV usage in the region, with over 600 EVs on the road and more than 100 charging stations (2023). Jamaica has also made significant strides, setting a goal to have 10% of its transportation powered by EVs by 2030 and introducing electric buses into its public transit system. These efforts align with regional strategies, such as the CARICOM Regional Electric Vehicle Strategy (REVS), which aims to transform transportation systems and promote sustainable mobility across the Caribbean. St. Kitts and Nevis is also advancing electric vehicle (EV) adoption through a government-led initiative focused on EV maintenance training and policies to promote sustainability. The island’s compact size makes EVs an ideal solution for local transportation, with several EV charging stations already installed to support the growing number of electric vehicles on the road.

Preparing the Caribbean for the EV Revolution

This training is a vital step toward ensuring that regional professionals are equipped with the necessary technical and safety skills to handle EV systems. As governments and private sector entities increase their investments in electric vehicle infrastructure, trained specialists will be essential to maintaining and expanding this rapidly growing industry.

Dr Archibald, Executive Director at GSI SKN and a key advocate for green energy and sustainable development in the Caribbean, emphasised the significance of this training: “The adoption of electric vehicle technology is a crucial component of the Caribbean’s transition to a sustainable energy future. By providing professionals with hands-on training and internationally recognised certifications, we are not only advancing technical expertise but also fostering a culture of innovation and resilience in the region.”

World-Class EV Training for the Caribbean

The EV Training Programme is certified by IMI and TÜV, ensuring world-class accreditation and technical proficiency. Participants will gain hands-on expertise in EV maintenance, repair, and diagnostics, with courses designed to cater to a broad spectrum of professionals, including auto technicians, fleet operators, engineers, compliance officers, and safety professionals. Participants will benefit from the IMI certification, which ensures that auto professionals receive industry-standard training, and the TÜV certification, recognised globally for safety and compliance in engineering.

Participant Testimonials

Past participants have found the training to be highly relevant and beneficial. Devlin Connor, Vehicle Superintendent with the Government of Anguilla’s Vehicles Department, shared his experience:

“This training course was incredibly valuable and came at a critical time, as electric vehicles represent the future of transportation. It was essential for us to have the opportunity to attend, gain insights, and receive hands-on training in EV operation and safety practices. This knowledge will enable us to be better prepared to manage the challenges and opportunities that arise from the adoption of EVs.”

Vince Archibald, Technician, Automotive Division, Clarence Fiztroy Bryant College, reflected on the significance of the training: “This training was an eye-opening experience, providing hands-on expertise and a deeper understanding of EV technology. The programme was not only highly beneficial but also innovative, equipping us with the latest industry knowledge and best practices. As the automotive industry transitions to greener technologies, this kind of specialised training is essential for keeping professionals ahead of the curve.”

Expert-Led Training

The training will be facilitated by Andy Latham, a globally recognised expert in electric and hybrid vehicle technology, with an extensive career spanning senior management roles in the automotive sector. As a Fellow of the Institute of the Motor Industry (FIMI) and an Incorporated Engineer with the Engineering Council UK, Latham will provide participants with a world-class learning experience.

How to Register

Contact training@carilec.org or slprimus@carilec.org, provide your organisation’s name, the number of participants and contact details. For further inquiries, call +1 (758) 717 9577.

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GOV’T Remains Committed to Facilitating an Enabling Investment Environment

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GOV’T Remains Committed to Facilitating an Enabling Investment Environment
Photo: Prime Minister, Dr. the Most Hon. Andrew Holness right) speaks with designer, Vintage Chic, Shanna Campbell about her handmade pieces, during the opening ceremony for Expo Jamaica 2025 at the National Indoor Sports Centre in St. Andrew on April 3.

 

GOV’T Remains Committed to Facilitating an Enabling Investment Environment
Photo: Prime Minister, Dr. the Most Hon. Andrew Holness left), samples a coffee carrot ginger brew from Beyond 5 Beverages given to him Managing Director of the company, Damain Drummond right) during the opening ceremony for Expo Jamaica 2025, at the National Indoor Sports Centre in St. Andrew on April 3.

 

Prime Minister, Dr. the Most Hon. Andrew Holness has committed to ensuring that the policies and initiatives of the Government remain aligned with entrepreneurs, thereby creating an enabling environment that fosters investment. “To our manufacturers and exporters… your effort represents the heart of our economic progress, your resilience, innovation, and entrepreneurial courage has carried Brand Jamaica to every corner of the globe.

“As Prime Minister, I commit to ensuring our policies and initiatives remain aligned with your ambitions, creating an enabling environment that fosters investment, innovation and global competitiveness. Together we will strengthen our local economy and solidify Jamaica’s position on the international stage,” Dr. Holness said.

The Prime Minister was speaking during the opening ceremony for Expo Jamaica 2025 at the National Indoor Sports Centre in St. Andrew on April 3.

Dr. Holness said Expo Jamaica is a vivid showcase of Jamaica’s boundless potential, “so as we advance global partnerships and create impactful local results, let us reaffirm our collective determination to build a prosperous, productive Jamaica that leaves no one behind”.

“Expo Jamaica exemplifies how far Jamaica has come. Over 250 exhibitors showcasing more than 5000 products and services alongside 884 registered local and international buyers from 25 countries. This clearly reflects Jamaica’s growing global influence and appeal,” he said.

He added that the event has grown tremendously, now standing as the largest trade exhibition in the English-speaking Caribbean.

Meanwhile, Dr. Holness said Jamaica today boasts its strongest economy since independence.

“Whether you measure Jamaica’s economic performance and stability by the unemployment rate, the inflation rate, the debt-to-GDP (gross domestic product) ratio or Net International Reserves (NIR), by every critical metric, our economy undeniable demonstrates economic stability and resilience,” he said.

He added that growth is another central pillar to economic stability and resilience.

“For Jamaica to realise its fullest potential, our growth rate must accelerate from one to two percent towards a more ambitious target of four to five per cent. Central to achieving this are initiatives which this Government has launched, and we call them ASPIRE, that is our comprehensive growth strategy,” he said.

ASPIRE stands for: Access to Economic Opportunity for All (Inclusive Growth); Safety and Security; People (Human Capital Development); Infrastructure Development; Reform of the Bureaucracy (Ease, Speed, and Cost of Doing Business); Economic Diversification/New Industries.

He further added that inclusivity and equity are paramount to the Government’s growth agenda.

Meanwhile, Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill said the administration continues to position Jamaica as an investment destination for financial services, logistics, skilled labour, high value services and premium products.

“This expo is Jamaica’s open invitation to the world… The Andrew Holness administration has made it our mission to make Jamaica a very attractive place in this region in which to do business. Our macroeconomic numbers tell a clear story,” he said

Other speakers at the function included President, Jamaica Promotions Corporation (JAMPRO), Shullette Cox, and Chairman, Expo Jamaica, Aswad Morgan.

This year’s event is being held from Thursday (April 3) to Sunday (April 6) at the National Arena and the National Indoor Sports Centre in Kingston.

The four-day tradeshow, under the theme ‘Global Partnership, Local Impact: Advancing Jamaica’s Reach’, is organised by the Jamaica Manufacturers and Exporters Association Limited (JMEA) and JAMPRO.

By: CHRIS PATTERSON, JIS

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Government Engages with US Trade Representative on New Tariff Regime

“There are opportunities that must be had. There are prospects to be uncovered, and so I urge my manufacturers, my businesspeople, before you start to look at the negative, also look for the opportunities. Don’t just sit down and complain about all the things that’s going on and all the things that’s going bad, expecting that Government is going to solve all the problems for you. Be the entrepreneur; be the one who is the risk-taker, and be the one who is looking for the opportunity,” Dr. Holness said.

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Prime Minister, Dr. the Most Hon. Andrew Holness, says the Government is actively engaging with the United States (US) Trade Representative and other relevant authorities “to seek urgent clarification” on the new US tariff regime.

Speaking at the opening of EXPO Jamaica 2025 at the National Indoor Sports Centre in Kingston, on April 3, he said the United States Government recently announced a 10 per cent baseline tariff on imports from all countries, set to take effect on April 5, 2025, which introduces a significant shift in global trade policy, “one that could impact Jamaica’s market access to our largest trading partner”.

Dr. Holness informed that Jamaica, like other CARICOM nations, has traded with the US under the Caribbean Basin Initiative (CBI), which provides non-reciprocal duty-free access for a wide range of products to the US market.

“Today, nearly 90 per cent of Jamaican exports to the United States enter under these preferential terms; however, the new US tariff regime, rooted in a broader policy of reciprocal trade balancing, has raised serious concerns about the future of these preferential arrangements,” he said.

The Prime Minister noted that the Government has not yet received formal notification on the precise implementation procedures, including whether these new tariffs will override existing CBI provisions.

“We are also conducting a detailed technical assessment, in collaboration with relevant ministries and agencies, to fully understand the scope of these tariffs and their implications for Jamaica’s trade and industrial policy,” he said.

Prime Minister, Dr. the Most Hon. Andrew Holness (right), in discussion with Public Affairs and Government Relations Manager, J.Wray and Nephew, Samara South, while touring the company’s exhibition booth at the opening of EXPO Jamaica 2025, at the National Indoor Sports Centre in Kingston, on April 3. Observing is Executive Director, Jamaica Manufacturers and Exporters Association Limited (JMEA), Kamesha Turner-Blake.

He pointed out that the developments do not reflect any erosion in the long-standing and strong bilateral relationship between Jamaica and the United States; rather, it reflects a broader recalibration of US trade policy that is global in scope.

“Still, we will use every available diplomatic channel, including working with our CARICOM brothers and sisters and utilising the Office of Trade Negotiations, to seek to preserve the position our exporters have secured over decades of deepening trade ties with the United States,” Dr. Holness said.

He noted that preliminary analysis indicates that some of the country’s top exports may fall under exempted product categories “and we are working to confirm and where possible, to expand these exemptions”.

“Again, I must emphasise that clarity is still needed on several matters. Furthermore, there may also be opportunities to be found and we must, therefore, be proactive and prospective,” the Prime Minister said.

He added that the Government will continue to advocate for manufacturers and exporters to ensure their interests are protected in any new global trade architecture.

“So, to our manufacturers and exporters, we understand the uncertainty this announcement has created and we are with you every step of the way. You are not only integral to our economic strategy, you are national champions of our resilience and ingenuity,” Dr. Holness said.

Meanwhile, he said the Administration will continue working to ensure the country secures its economic independence, even as it remains alert and responsive to evolving global trade dynamics that affect manufacturers and exporters.

“Yes, it is uncertain times, but we have done the necessary work. We have built the relationships; we have placed ourselves in strategic positions to be heard and to be heard from and to be consulted. When these changes are going to happen, we know that they could have long-term impact; we started planning long ago,” the Prime Minister said.

“You have a Government that is thinking very carefully, very strategically. I play chess, not draughts… . Maybe a decade ago, the word disruptive would have been an inherently bad thing. In today’s world, you require disruption of systems for there to be innovation and new opportunities. So, whilst we see the downside of the disruptive global order that we have now, we are not going to sit by and wait,” he added.

The Prime Minister urged manufacturers and exporters to explore new opportunities, noting that the Government will work with them.

“There are opportunities that must be had. There are prospects to be uncovered, and so I urge my manufacturers, my businesspeople, before you start to look at the negative, also look for the opportunities. Don’t just sit down and complain about all the things that’s going on and all the things that’s going bad, expecting that Government is going to solve all the problems for you. Be the entrepreneur; be the one who is the risk-taker, and be the one who is looking for the opportunity,” Dr. Holness said.

By: Chris Patterson, JIS

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Corporate Movements

Corporate Movements – April 2025

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Supreme Ventures Limited (SVL) is pleased to announce the appointment of Ms. Krista-Gaye Fisher as the CEO of Supreme Ventures Services Limited effective April 1, 2025.

The Board of First Citizens Group Financial Holdings Limited took the decision on Friday, March 28, 2025, to appoint Mr. Jason Julien as the new Group Chief Executive Officer to replace Ms. Karen Darbasie upon her retirement. Mr. Julien possesses an MBA (Distinction) from the Edinburgh Business School, Heriot – Watt University and a BSc Management Studies (Honours) from The University of the West Indies. He is a Chartered Financial Analyst with the CFA Institute. He also possesses a Certificate of Financial Advisors with the Institute of Business and Finance. He has twenty-five years of banking and finance experience in leading local and regional financial service entities, along with varied board.

Tropical Battery Company Limited (“TROPICAL”) is pleased to announce the appointment of Mrs. Jody Gager-Rose, Independent Director, to the Company’s Compensation Committee, effective 20th March 2025. Mrs. Gager-Rose brings a strong track record in accounting, financial reporting, and corporate governance, which will further strengthen the Compensation Committee’s oversight of executive remuneration and talent management. This appointment enables the Compensation Committee to meet the corporate governance requirements of the Jamaica Stock Exchange (JSE) Main Market. As TROPICAL advances its planned migration from the Junior Market to the Main Market, the Company is committed to aligning with the highest standards of board independence, transparency, and accountability. The Board of Directors welcomes Mrs. Gager-Rose to her new role and looks forward to her contributions in ensuring that the Company’s compensation framework supports its long-term strategic objectives and sustainable value creation for shareholders.

JMMB Group Limited wishes to advise that Mr. Johann Heaven will be appointed to the Board of Directors of JMMB Group Limited, effective April 4, 2025.  Mr. Heaven is a co-founder of PROVEN Group Limited and is currently the Group CEO of PROVEN Management Limited, the management company of the PROVEN Group. He brings to the JMMB Group over 25 years of experience in finance, planning, and investment functions.  He is a Chartered Financial Analyst (CFA) charter holder, holds the Financial Risk Manager (FRM) certification, and has a Master’s Degree in Finance from the University of London. The JMMB family welcomes Mr. Heaven and looks forward to his contribution to the further success of the JMMB Group.

Jamaica Money Market Brokers Limited is pleased to announce that Mr. Christopher Walker has been appointed to the role of CEO for Jamaica Money Market Brokers Limited effective April 1, 2025. Mr. Walker previously held the role of CEO, JMMB Fund Managers Limited & Group Fund Operations Oversight Officer. Mr. Walker has over twenty-eight (28) years of experience in the financial sector. His qualifications include a BSc in Management and Economics from the University of the West Indies, a Canadian Investment Manager Designation from the Canadian Securities Institute and a Master’s degree in Business Administration from the University of Liverpool.  The JMMB team looks forward to his continued valuable contribution. Ms Keisha Forbes continues as Country Chief Executive Officer – Jamaica.

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GCT Exemption Threshold for MSMEs Increased to JA$15 Million

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The Government of Jamaica has announced an increase in the General Consumption Tax (GCT) exemption threshold from $10 million to $15 million for micro, small and medium-sized enterprises (MSMEs).

Minister of Finance and the Public Service, Hon. Fayval Williams, in opening the 2025/26 Budget Debate in the House of Representatives on March 11, said the change is aimed at supporting the growth and development of small businesses.

Mrs. Williams said the latest figures from the Small Business Association of Jamaica (SBAJ) show that there are an estimated 422,000 registered small businesses in Jamaica, generating 80 per cent of the jobs in the Jamaican economy.

“This means 1,136,240 persons in our workforce are employed by MSMEs,” the Finance Minister noted.

In addition, the Minister said the Government has allocated $2 billion to support MSMEs.

“[The sum of] $2 billion is in the Budget for the Development Bank of Jamaica (DBJ) to allow them to continue to facilitate sustainable growth of start-ups and MSMEs, and to continue to support women-led initiatives, entrepreneurship training, including digital skills bootcamp,” she outlined.

The DBJ is a public body in the Ministry of Economic Growth and Job Creation that channels financing to MSMEs, as well as large projects, to facilitate economic growth and development.

“It will continue to pursue innovative means of mobilising funding and leveraging private-sector investment and expertise through its venture capital programme, as well as public-private partnerships and privatisation transactions,” Mrs. Williams said.

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