Curtail imports, says Azan
Former President of the Jamaica Manufacturer’s Association, Omar Azan, is encouraging the government and consumers to stop buying imported products as part of efforts to reverse the decline in the economy and the manufacturing sector.
Yesterday the Planning Institute of Jamaica reported that the economy contracted by about point four per cent in the April-June 2013 quarter when compared with the corresponding quarter in 2012.
Azan says the country must try harder to curtail imports and buy local goods.
He explains that it costs less for manufacturers to bring in raw materials than to import a finished product.
He says buying local will also result in more employment for individuals in the domestic economy and will also result in more taxes for the government.
He says the transportation sector is also likely to grow as more people will be traveling to work with an increase in employment opportunities.
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