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Reinvigorate Industrial Policy and Reform Trade Policy

Published:Monday | October 25, 2010 | 12:00 AM
Joseph M. Matalon, president of the PSOJ.

The following is taken from the Private Sector Organisation of Jamaica's Economic Policy Framework.

Jamaican exports need to be more diverse and have greater technical intensity. It is imperative that the decline in the contribution of exports to GDP be reversed. We must focus on high value added export sectors with sustainable competitive advantage - mature sectors (Tourism and Agriculture) and emerging sectors (Information and Communications Technology). Through meaningful consultations with active participation of all stakeholders, we will be better informed and poised to reap the full benefits of export opportunities. Individual companies, and the export sector by extension, would benefit significantly from donor funded trade capacity building programmes.

For more information on The PSOJ's Economic Policy Framework, please visit the PSOJ's website at www.psoj.org.