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CARICOM cannot afford a trade war right now, says Hyman

Published:Friday | November 29, 2013 | 1:39 PM

Monique Grange, Assistant News Editor – Radio



Financial Analyst Ralston Hyman says the Caribbean Community cannot afford a trade war at this time.




His comments follow threats from some Jamaicans to boycott products from Trinidad and Tobago.



He says a ban or boycott of products from Trinidad and Tobago could affect how international trading partners view Jamaica.



He believes the government should move to improve Jamaica’s business environment as part of efforts to boost the country’s competitiveness.



Hyman is insisting that the government must expedite plans to roll out the 360 megawatt plant which will reduce the demand for crude oil from Trinidad and Tobago.



He points out that the bulk of Jamaica’s deficit with CARICOM relates to crude oil from that country.



Meanwhile, Jamaica’s Foreign Affairs and Trade Minister A.J. Nicholson is scheduled to meet with his Trinidadian counterpart Winston Dookeran on Monday.



Dookeran was invited for talks after several Jamaicans were denied entry into Trinidad and Tobago last week.



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