TRADE POLICY REVIEW: JAMAICA
Reducing market distortions could foster growth
Jamaica has made significant efforts to liberalize its trade and investment regime since its first review in 1998, reflecting the importance of trade to its economy. Legislative and institutional improvements that facilitate trade have been adopted, and have enhanced transparency. Market-opening initiatives have also been taken in various key service activities, according to a report on the trade practices and policies of Jamaica published by the WTO Secretariat.
However, economic growth has been slow and per capita income has
stagnated, while the high public debt has continued to constrain policy
choices. Reassessing the numerous tariff and other tax exemptions
currently in use could ease those constraints, and result in more
neutral and transparent measures to promote growth.
Jamaica could also enhance the predictability of reforms for traders and investors by increasing its multilateral commitments, in particular concerning trade in services, the report also says.
The WTO report, along with a policy statement by the Government, will be the basis for the Trade Policy Review (TPR) by the Trade Policy Review Body of the WTO.
The following documents are available in MS Word format.
- Secretariat report
> Contents and summary observations (11 pages, 122KB)
> Economic environment (17 pages, 527KB)
> Trade and investment policy regime (18 pages, 163KB)
> Trade policies and practices by measure (53 pages, 840KB)
> Trade policies by sector (50 pages, 839KB)
> Appendix tables (14 pages, 704KB)
- Government report (16 pages,
- Chairperson's concluding remarks
of the meeting are available approximately 6 weeks after the meeting.
Note back to top
Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries’ trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. For each review, two documents are prepared: a policy statement by the government of the member under review, and a detailed report written independently by the WTO Secretariat. These two documents are then discussed by the WTO’s full membership in the Trade Policy Review Body (TPRB). These documents and the proceedings of the TPRB’s meetings are published shortly afterwards.
Print copies of previous TPR publications are available for sale from the WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line bookshop.
The TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews back to top