The suspension of the Common External Tariff (CET) on lithium-ion batteries has been extended for another two years.
The Ministry of Industry, Investment and Commerce announced that the government secured approval of the extension of the CET suspension from the Council for Trade and Economic Development for 91,600 units of lithium-ion batteries from February 2, 2025, to February 1, 2027.
The ministry says this decision is expected to provide a significant boost to Jamaica's renewable energy market.
The government announced the suspension on the batteries in February this year.
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