Jamaica subsidising Caricom by $15b a year?

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  • Jamaica Subsidising Caricom By $15b A Year?
Oct 07, 2013

KINGSTON, Jamaica - JAMAICA loses $15 billion in revenues from subsidising imports from the Caribbean Community (Caricom), according to former industry minister Claude Clarke.
Clarke, who is managing director of Richmond Valley, made the declaration during his keynote address at the Jamaica Manufacturers Association (JMA) 45th Annual Awards Banquet on Thursday.
He suggested that Government collect the revenue by suspending Caricom trade subsidies, at least during the island's lending arrangement with the International Monetary Fund (IMF).

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