Advertisement

Jamaica expands CBI-eligible tariff lines

 
Jamaica has expanded the number of tariff lines under which it exports goods to the United States under the Caribbean Basin Initiative (CBI). 
 
That's according to data released by the CARICOM Private Sector Organization. 
 
The CBI was established in 1983 through an agreement between the then US President Ronald Reagan and former Prime Minister Edward Seaga. 
 
The data show that Jamaica increased its export categories from 86 in 2007 to 104 this year. 
 
Trinidad and Tobago and Guyana have also recorded similar growth. 
 
The report highlights agro-processing as the region's most promising yet most vulnerable export sector under the initiative. 
 
It notes that exports from the region's agro-processing sector to the United States jumped from US$99 million in 2007 to US$224 million in 2024. 
 
However, the sector remains under threat from tariffs imposed by current US President Donald Trump. 
 


Most Popular
Bauxite train derails in Bog Walk Gorge
Government to provide easily accessible...
Policeman and family shot by gunmen; spouse...