Top Markets

1. UNITED STATES OF AMERICA

   Annotations:

   • One of Jamaica's leading trade partners
   1. EXPORT VALUE $26.2b (24%)
   2. USA Top 5 importer 21%
   3. The Caribbean Basin Initiative

      Annotations:

      • The CBI, which is the Caribbean Basin Economic Recovery Act (CBERA) was created in 1983 & upgraded in 1990. In 200, the CBERA was further enhanced through the enactment of the Caribbean Basin Trade Partnership Act (CBTPA) providing for additional preferential access for the Caribbean basin products until September 2020.
      • Most goods are eligible for duty free, quotation free access to the USA.  In 2012, 45.1% of Jamaica's exports to the USA entered duty-free under CBERA.  http://www.tradeboard.gov.jm/tblweb/oneC.php?id=141&name=Trade%20Agreement%20Booklet&frame=
2. GERMANY
   1. EXPORT VALUE $13b (12%)
   2. Germany Top 5 importer 8.2%
      1. CHINA Top 5 Importer 6.5%

         Annotations:

         • Trading partner for Jamaica
      2. JAPAN Top 5 importer 5.4%

         Annotations:

         • trading partner of  Jamaica
         1. Generalized System of preferences (GSP)

            Annotations:

            • Under the GSP various developed countries (e.g. Japan, Norway, Switzerland), can allow goods from Jamaica to enter their market under enhanced preferential tariff arrangements. The donor countries grant, not necessarily duty free access, but reduced duties i.e. lower than the MFN rates.
3. THE NETHERLANDS

   Annotations:

   • The statistical institute of Jamaica also indicates the Netherlands is among the top 10 trade partners in the year 2011 & Jan-Feb, 2015
   1. EXPORT VALUE $8.65b (8.0%)
   2. Netherlands top 5 importer 7.5%
4. MEXICO
   1. EXPORT VALUE $6.87b (6.3%)
5. BELGIUM

   Annotations:

   • The CARIFORUM/EU partnership agreement
   1. EXPORT VALUE $6.5b (6.0%)

Annotations:

• http://exportpotential.intracen.org/#/exporters/analyze?toMarker=w&market=w&whatMarker=k&what=901890&fromMarker=i