Jamaica must take steps to become more investor friendly -Gavin Goffe
Juanique Tennant / Our Today
With the country currently experiencing one of the worst economic contractions in its history, a local attorney has identified six recommendations for making Jamaica more investor friendly.
Gavin Goffe, attorney-at-law and partner at Myers, Fletcher and Gordon, addressing yesterday’s ‘Making Jamaica Investor Friendly Through Labour Reform’ virtual seminar put on by the Private Sector
Organization of Jamaica’s (PSOJ) Economic Policy Committee, proposed that the Government institute steps for:
- Listening and reacting to employers’ concern
- Balancing and expanding the Labour Relations Code
- Establishing an Independent dispute resolution body comprised of trained professionals.
- Setting maximum limits on monetary awards
- Giving employers equal access to the tribunal for their complaints
- Amending laws to close loopholes and to penalize abusive employers.
With the COVID-19 pandemic highlighting one of Jamaica’s key deficiencies (an over reliance on tourism), Goffe said the way forward is to identify the factors that are currently hindering Jamaica’s investment
capabilities, such as an outdated labour relations code and severance costs that are not set in stone, and address said accordingly.
The ‘Making Jamaica Investor Friendly Through Labour Reform’ virtual seminar is the fourth of its kind in a series of virtual peer-to-peer discussions put on by the PSOJ, under the title ‘PSOJ Roadmap to
Jamaica 2.0’ and aimed at evaluating Jamaica’s economic future.
Comments