Jamaica to target four major markets to achieve economic growth

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Jamaica to target four major markets to achieve economic growth
Finance Minister Audley Shaw
Minister Audley Shaw

KINGSTON, Jamaica, Mar. 3, CMC – Industry Minister Audley Shaw says the Caribbean Community (CARICOM) is among four major markets being targeted, under the Government’s thrust to attain higher levels of economic growth, through the linkage between agriculture and industry.

Addressing a recent Jamaica Business Development Corporation (JBDC) Shaw said the other markets are the Diaspora, hotels and the school feeding programme.

He argued that as a member of the regional single market and economy, Jamaica needs to start producing and exporting more to CARICOM and with the exception of a couple member states, “everybody else has to import virtually everything consumed,” hence the need for Jamaica to be exporting more to the region.

In the case of the Diaspora, Shaw said there are “as many Jamaicans or persons with connections living abroad, as there are in Jamaica,” citing the United States, Canada, and United Kingdom as the main areas.

He said information gleaned suggests that these persons “crave for food from Jamaica… but can’t get it.”

Against this background, Shaw said there is need for Jamaica to “systematically” target the Diaspora, in order to exploit the export potential in that area.

He said the school feeding programme represents, arguably, the “richest market” to be tapped.

“If we are going to create wealth in Jamaica, we have got to start by giving our children proper nutrition,” he emphasised.

“We’ve got to stop importing genetically modified food and feeding our children with it, on the pretext that it is cheap. Wealth doesn’t begin in the pocket… wealth begins in the brain… with a school feeding programme that is inspired by local production of more nutritious foods than what we are importing.”

The forum was held under the theme: ‘Eye on 20/20: Exploring New Frontiers’.

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