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JMA urges political parties to be responsible in their campaigning activities

Jamaica Manufacturers’ Association | 2016-02-01 00:00:00

With the recent announcement of the election date scheduled for February 25, 2016, by the most Honourable Prime Minister Portia Simpson-Miller, the Jamaica Manufacturers’ Association (JMA) urges all political practitioners and aspirants to refrain from inflammatory rhetoric as they embark on a period of campaigning. We as the manufacturing community, demand that our political leaders honour previous commitments of engendering a peaceful campaign and move towards ethically responsible dialogue, positions and policies.

The JMA further advances that focus should be placed on substantial issues that will assist in driving the country forward. Embedded in these substantial issues is a need for greater recognition of the role of the manufacturing sector in promoting growth through social partnerships. Manufacturing continues to create significant economic value, manifested in its multiplier effect. This underscores the importance of the sector in maintaining a strong and vibrant economy. It is going to be impossible to stimulate and accelerate higher growth rates in the Jamaican economy, without further improvements and expansion of the manufacturing sector. As such, the JMA anticipates the release of the Manifestos so that we are able to analyze the proposed content.

A pressing concern of the JMA continues to be the existing tax regime. Tax reform is critical to strengthening the manufacturing sector and must be given utmost priority. While some progress has been made in this capacity, seen in the reduction of the corporate income tax, data indicates that lower tax rates lead to higher revenue growth. As such, we must be steadfast in securing drastic and comprehensive improvements for an evenly shared tax structure.

The high rates of crime and violence is also an urgent challenge. It continues to be a hindrance to the growth and development of Jamaica, and it is clear that a national consensus must be developed to reduce this travesty.

The JMA pledges our full support to the party that forms the next government as we work together to achieve sustainable growth.

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Posted By :Rochelle Roye

Company Name : Jamaica Manufacturers’ Association

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