r/Jamaica • u/Calm_Guidance_2853 Linstead | Yaadie inna USA • Feb 13 '25
[Business and Finance] CARICOM charges a Common External Tarriff for many imports...
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u/Razielx007 Feb 14 '25
Jamaica needs to start doing more business with African countries. As in 5 to 10 years the continent will be a super power
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u/R33p04s Feb 13 '25
What’s your point?
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u/Calm_Guidance_2853 Linstead | Yaadie inna USA Feb 13 '25
Jamaica's main export partner is the US. It means Jamaica's export will slow down as American consumers try to find cheaper alternatives to aluminum/bauxite and rum exports. Jamaica has a plan in place to deal with these sorts of shocks but still needs to find alternative buyers fast to offset the the drop in sales.
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u/DesRook Feb 14 '25
It's a good thing we aren't an export economy.
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u/Calm_Guidance_2853 Linstead | Yaadie inna USA Feb 14 '25
Yes but we still have jobs that depend on Jamaican export.
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u/AndreTimoll Feb 13 '25
America can easily be replaced by the rest of the world mainly Africa as our customers we will be fine.
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u/Calm_Guidance_2853 Linstead | Yaadie inna USA Feb 13 '25
Possibly, but Jamaica should've been doing this. I don't know which African countries will import $1 million USD of aluminum when most African countries already export these kinds of things. If anything the USA would replace Jamaica and get African aluminum.
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u/AndreTimoll Feb 14 '25
I am not talking Aluminum exports I talking about exports in general .
For Aluminum this opportunity for use set a mill a process alumni ourselves and the finish Aluminum to local buyers.
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u/Xtreeam Feb 14 '25
Our electricity is too expensive Bro! The Chinese found that out after investing into Alpart.
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u/AndreTimoll Feb 14 '25
Where we go again reasons why it can't be done ,instead of looking at solutions,JPS isn't only supplier of electricity,a plant like that can produce its own engery from renewable sources and from waste produced by the plant.
As a matter of fact if we really wanted cheap electricity we could have got it years by protesting the PNP government's decision to giving the company initially brought JPS a monopoly license.
Then as a result of that not only would we have cheaper electricity from companies like Wigton, but we also have techonlogy and expertise to our waste from our land fills into engery because I remember in 2009 then Prime Minister Golding in press briefing that the government was in talks with a company that would build the engery plant .
So there are ways to cheap engery only thing stopping it is that stupid monopoly clause that should have never been included.
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u/dearyvette Feb 14 '25
If it were this easy, we would have done that long ago...
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u/AndreTimoll Feb 14 '25
I knew you were going come with something about why we can't do that.
Yes it is that simple and the reason it's wasn't done before now is because all our leaders haven't had the courage to take the steps needed.
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u/a_fortunate_accident Feb 14 '25 edited Feb 14 '25
'Anything is possible' is a naïve and incomplete view of matters regarding geopolitics and industry, sure we can do it if we had the ridiculous funding and infrastructure requirements for the cheap energy the process requires for feasibility at scale.
You be the first to open your wallet for previously unheard of taxation rates (money has to come from somewhere after all) then convince everyone else to do so (are you even old enough to remember the gas riots?), and wait the time it takes for all the implementation while getting 0 ROI.
Easy peasy...
"Trust me bro" and optimism entirely divorced from reality have never been effective and sustainable strategies for managing even a patty shop let alone a country.
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u/AndreTimoll Feb 14 '25
People like you is the reason we are where we are,because of find soultion y'all rather talk about why it can't work.
Funding can be raised through a IPO and loans from local banks,we don't have to raise taxes to get it done.
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u/a_fortunate_accident Feb 14 '25
People like you who choose ignorance and daydreaming over practical ways forward are always spinning their wheels coming up with "solutions" that make no sense and breed inefficiency and stagnation of real breakthrough progress. You are not a visionary or avante garde thinker, who sees what no one else can, you're just ignorant of your own ignorance.
You're just a regular Dunning-Kreuger effect enjoyer, we have those in spades as a country.
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u/lookatthisdudeshead Feb 14 '25
Holy shit you don’t know anything about economics, geopolitics and trade.
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u/dearyvette Feb 14 '25
I didn’t say we can’t do anything (how would I know?). I did say that if it were that easy to do, we would already be world exporter #1. That should be obvious.
We have been trying to expand our bauxite mining capabilities and customer base since the 1970s. We seem to have done very well for ourselves, but the competition is quite formidable, if you haven’t noticed.
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u/AndreTimoll Feb 14 '25
Even so once we have a government and a priviate sector willing to make neccessary investment it is possible.
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u/dearyvette Feb 14 '25
I also like to think anything is possible.
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u/a_fortunate_accident Feb 14 '25
Within the framework of time, cost and capability (will, technology, etc.) of course... or miracles I guess.
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u/dearyvette Feb 14 '25
Brave of you to try to sneak common sense and logic into all the magical thinking. 🙃
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u/Razielx007 Feb 14 '25
We don’t own the coffee off Blue mountain, the aluminum from our land, the roads we drive or even our ports so let’s see this plan.
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u/Calm_Guidance_2853 Linstead | Yaadie inna USA Feb 14 '25
what you mean?
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u/Razielx007 Feb 14 '25 edited Feb 14 '25
Blue mountain coffee is not own by Jamaica, owned by Japan 🇯🇵. The port is ran and controlled by china 🇨🇳. The new road built are owned by France 🇫🇷 and so all tolls go to them. We haven’t owned the land for Bauxite that aluminum is made from since the 70’s. Butch Stewart tried to sell air Jamaica for pennies on the dollar and the government said no. So the Trinidad company bought it. And i could go on I love my island but not the leadership they make too many insane decisions that hurt (cripple) the country for generations to come and some of those decisions can never be fixed.
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u/Calm_Guidance_2853 Linstead | Yaadie inna USA Feb 14 '25
What you're saying is half true but I don't have time to get into details.
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u/PrincessBabyGrrl Feb 14 '25
Canada, EU and China are still reliable partners. Probably best to divest away from the US anyways.