Wed | Aug 23, 2017

Finance Minister highlights staggering trade deficit between Jamaica and T&T

Published:Thursday | May 12, 2016 | 5:45 PM
During his Budget presentation today, Shaw said during the first quarter of this year, Jamaica imported goods worth more than $13 billion from Trinidad and Tobago, but only exported $178.9 million worth of goods to the country over the same period.

Amid immigration tensions between Jamaica and Trinidad and Tobago, Finance Minister Audley Shaw has highlighted trade as another area which represents serious imbalance between Jamaica and the twin island republic.

During his Budget presentation today, Shaw said during the first quarter of this year, Jamaica imported goods worth more than $13 billion from Trinidad and Tobago, but only exported $178.9 million worth of goods to the country over the same period.

 

Finance Minister Audley Shaw

Tensions have been brewing between both countries since some Jamaicans reported that they were treated harshly by Trinidadian immigration officials before being deported from Port of Spain.

Some Jamaicans have called for a boycott of products from Trinidad and Tobago saying that such a move would severely affect their economy.