US$10b bamboo export potential brought up in Parliament
Jovan Johnson, Gleaner Writer
The Upper House of Parliament today approved a private member’s motion proposing the formalisation of Jamaica’s bamboo industry.
Senator Norman Grant, who brought the motion to the Parliament, argued that Jamaica could pursue a bamboo development framework similar to China, the leading producer of bamboo in the world.
To support his argument, he said the world’s demand for bamboo products is valued at US$10 billion and based on a Chinese study, this is expected to reach US$20 billion by 2015.
He noted that China has been among three major developing countries to have used bamboo over the last 20 years to help in their economic transformation.
According to him, while there are other neighbouring countries which have bamboo, Jamaica is more centrally located to access major markets.
He said the Government must swiftly create the necessary opportunities as Chinese and Jamaican investors are prepared to participate in new bamboo ventures.
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