Minister of Foreign Affairs and Foreign Trade, Senator Kamina Johnson Smith, says the technical work for the rollover of the Economic Partnership Agreement (EPA) into a new CARIFORUM-United Kingdom trade arrangement post-Brexit is close to being finalised.
She said the European Union, remains an important trade partner for Jamaica and its CARIFORUM colleagues.
Johnson Smith noted that the agreement will continue to be the framework under which Jamaica trades with the EU.
As a result, Jamaica will continue to work towards its ratification.
She said tariffs imposed by the US on aluminium and steel continue to have no effect on Jamaican businesses.
The Minister attributed this to the alternatives and flexibility that exist in the trading arrangements under which countries like Jamaica export.
The US administration imposed tariffs of 10 per cent and 25 per cent on aluminium and steel, respectively, citing national security grounds.
The tariffs took effect on March 23.