JHTA Hails Expo Jamaica for Facilitating Economic Growth & Trade Opportunities in Jamaica
KINGSTON, JAMAICA, March 11-The Jamaica Hotel & Tourist Association (JHTA) has hailed Expo Jamaica as a major vehicle for trade, investment and growth opportunities for Jamaica;ahead of its next staging slated for April 14-17. JHTA is a major sponsor of the event which is a staple on the local and regional scene for suppliers and buyers.
"This event is transformative for the country and the region bringing together people and ideas like few other opportunities can. The opportunities for linkages between key sectors of the Jamaican economy such as tourism, manufacturing, agriculture and the creative industries cannot be overstated" said Nicola Madden-Greig, President of JHTA.
A report entitled "The Role of Trade in Ending Poverty," points to trade as a key enabler in the economic growth and development of a country.Through Expo Jamaica scores of small, medium and large enterprises are given a chance to showcase their products and services to the region and to the international market with approximately 450 buyers expected for Expo 2016.
"Trade has played a vital role in driving private sector-led growth and job creation and has been a powerful force in reducing poverty and increasing incomes. By supporting growth and development of local businesses on the island, trade has proved to be an essential tool in tackling poverty and boosting the economy" said Greig.
Tourism generates approximately US$2 Billion in revenues annually and increased trade will also serve to impact the sector both directly and indirectly.
She believes that "A combination of the right practical support and domestic policies can make a big difference". By helping businesses to help themselves, it increases the likelihood that developing countries like Jamaica, can more actively participate in the global trading system and reap the benefits that trade has delivered to so many in the recent past."
Expo Jamaica is improving the capacity of the private sector to access domestic, regional, and international markets and to integrate small businesses into the supply chain. Sustained efforts have resulted in providing companies with a greater access to markets, with increased productivity, improved technologies, environmentally sound practices and application of best practices. It is hoped that the upward turn in economic activity will be sustained as the tides continue to change in the Jamaican market place.