On Sunday, Prime Minister Bruce Golding outlined billions of dollars in tax cuts and loans for the various sectors to help protect the economy against any further effects of the global crisis.
Thoughtful andresponsive
In a release to the press yesterday, JEA President Michael Lumsden described the prime minister's plan as "thoughtful and responsive".
"There needs to be ongoing monitoring of the implementation of the package to ensure its effectiveness and to avert other risks from the global financial crisis," Lumsden advised.
The association said it was especially pleased by the announcement that Government would provide $150 million through the Jamaica Business Development Centre to assist small exporters.
To target opportunities
The JEA said it was committed to strengthening existing markets to mitigate against further fallout, and that it would also be targeting opportunities in new and emerging markets in the Caribbean, Europe and Asia.
"[We will] continue to build on core areas of focus such as market information, export development, trade promotions and cluster facilitation through its subsidiary, Competitiveness Company," said Lumsden.
He said the association would also continue its partnership with Jamaica Trade and Invest and the International Trade Centre in Geneva to advance implementation of the National Export Strategy next year.