John Mahfood, CEO of Jamaican Teas - Gleaner file photo
Chief Executive Officer of Jamaican Teas, John Mahfood, is calling for the government of Jamaica to ask the US government to remove the 10% tariff on Jamaican exports as part of its contribution to the country's recovery process from Hurricane Melissa.
He says this is extremely important because of the fallout in the export sector due to the hurricane, which is causing significant pressure on the exchange rate.
A removal of the tariff would lead to more merchandise export earnings, which dropped by 6.8% to US$888.2 million during the first six months of this year.
Mr. Mahfood is also calling for more investments in the country's infrastructure and factories as part of the rebuilding process from the devastation caused by Hurricane Melissa.
He suggested a lowering of interest rates and a relaxation of the debt-to-GDP ratio target in order to facilitate the recovery of all businesses, as well as the provision of more government incentives.
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