Jamaica and India Trade Increases Over 25%

• Trade between India and Jamaica has seen a significant boost, with a 25% increase over the past year, highlighting the strengthening economic partnership between the two nations. 

• Shullette Cox, President of Jamaica Promotions Corporation (JAMPRO), noted that the bilateral trade reached $116Mn during the fiscal year 2023/2024, reflecting the ongoing growth of the relationship.

• Cox delivered these remarks at a business and ethics event held on the picturesque lawns of India House, located on East King’s House Road in Kingston. The event showcased the deepening relationship between India and Jamaica, highlighting the exciting growth in trade and the strengthening of diplomatic and business connections between the two nations.

• According to Cox, over the last few years, JAMPRO has welcomed four delegations from India, as well as facilitated the International Start-up Fund Global CXO Summit, held in June. She said discussions at the summit, “opened new doors for strategic partnerships,” noting that over the past year, JAMPRO facilitated two investment projects with Indian partners, one in digital services and the other in agriculture.

• The continuation of discussions regarding a potential Jamaica-India co-production treaty is anticipated which would facilitate greater collaboration between Jamaican and Indian producers, enabling them to jointly explore and share the stories of their intertwined history and heritage.

(Source: Caribbean National Weekly)