Jamaica and US discuss investment and trade opportunities

WASHINGTON D.C. (BNO NEWS) – Jamaica’s Ambassador to the United States Audrey Marks and U. S. Trade Representative Ron Kirk discussed on Friday trade issues and opportunities of investment between both nations, the Jamaica Observer reported.

During the 45-minute meeting, Kirk remarked the current full protection of investor rights in Jamaica is an attraction to increase levels of investment into the Caribbean nation. He also said that the U.S. is interested in pursuing new markets and Jamaica is a suitable candidate to ensure continued growth and prosperity.

Kirk, a member of President Obama’s cabinet, praised the strong measures to confront narco-trafficking and related crime by Prime Minister Bruce Golding. He also applauded Jamaica’s efforts to conclude negotiations on the Trade and Investment Framework Agreement (TIFA) between Caribbean Community (CARICOM) and the U.S.

Ambassador Marks presented to the trade representative the steps taken by the Jamaican government to pursue economic growth, consisting in managing the fiscal budget by holding deficits within predetermined parameters and establishing a fixed debt to Gross Domestic Product (GDP) ratio.

“These policies being pursued in partnership with the International Monetary Fund (IMF) have placed Jamaica on a path of sustainable economic and social development,” Marks said.

Marks has been focusing on strengthening Jamaica-U.S. relations, especially regarding trade and investment opportunities. She has met with several members of the Congress in the past weeks.

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