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JMA confident that proposals will be incorporated in Customs Act (Amendment) Bill



Jamaica Manufacturers’ Association | 2015-09-07 00:00:00

The Jamaica Manufacturers’ Association (JMA) on Thursday September 3, 2015 presented comments at the Joint Select Committee of Parliament, regarding proposed amendments to the Customs Act. The JMA reiterated earlier inputs which warned that the Bill in its present form does not facilitate trade.

The JMA acknowledges and supports the Government’s continued discourse that trade facilitation and export-led development are of utmost significance to Jamaica’s economic viability. As such, it is imperative to develop comprehensive legislation aimed at increasing efficiency and productivity if Jamaica seeks to remain internationally competitive; which requires a Custom Bill that is consistent with advancing the aforesaid objectives.

While we can appreciate the move towards self-assessment as the justification for increased fines and penalties, this must be accompanied by transparency of internal reviews and information to reduce the potential for breaches, synchronization of agencies and ministries to allow for seamless operations as well as the flexibility for innocent infractions.

It has long been established that minimizing existing impediments to trade not only maximize exports but create additional opportunities. A commonality which we no doubt share with the JCA and other stakeholders is that we visualize a Jamaica whose true potential is manifested through meaningful reforms. The JMA is committed to working with the government in creating a holistic legislation focused on expanding trade and Jamaica’s competitive advantage as we seek to position the country as the premier logistic and shipping hub of the region.
 

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Posted By :Rochelle Roye

Company Name : Jamaica Manufacturers’ Association

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