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JAS supports Chavez’s proposal

Published:Friday | December 28, 2007 | 11:03 AM

The Jamaica Agricultural Society, JAS, says it welcomes and supports the proposal by president of Venezuela, Hugo Chavez, to trade bananas and sugar for cheaper oil. President Chavez made the proposal during the PetroCaribe summit last Friday.

President of the JAS, Senator Norman Grant, says the proposal is worth being pursued immediately. Senator Grant adds that the proposal has the potential to help the Caribbean control prices, increase production and expand market access for various products.

Senator Grant says the proposal will create an opportunity to produce more than 210 thousand tones of sugar cane required for both the export and local market. Senator Grant says the JAS also supports a recommendation by Prime Minister Bruce Golding for the establishment of a team to explore opportunities for trading among countries of the region.