Jamaica is set to participate in its fifth Trade Policy Review at the World Trade Organisation in Geneva starting tomorrow.
The TPR is a mandatory peer review that will seek to examine developments in Jamaica's national trade policy between 2017 when the last review was held up to 2022.
During this review, Jamaica will have an opportunity to outline national economic and development needs, policies, and objectives within the context of the external global economic environment.
The upcoming review will consider the impact on Jamaica's economic development, trade performance, and capacity to trade of unforeseen and external shocks, including the COVID-19 pandemic, conflicts such as those in Gaza and Ukraine, and more recently, the passage of Hurricane Beryl.
Minister of Foreign Affairs and Foreign Trade Kamina Johnson Smith says participation is a crucial process for assessing the trade policy framework and its impact on economic development.
She adds that the reality of the impact of Hurricane Beryl, notwithstanding all efforts made in Jamaica's macro-economic reform, speaks loudly on the need for systemic and special recognition for small island states in the world.
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