Foreign Ministry to finalise new trade policy to boost exports and investment
/ Our Today
administrator
The Ministry of Foreign Affairs and Foreign Trade will finalise an updated Foreign Trade Policy and Action Plan in fiscal year 2026/27, aimed at boosting exports, attracting investment, and driving Jamaica’s economic recovery and growth.
This was revealed by Governor-General Sir Patrick Allen, while delivering the Throne Speech during the ceremonial opening of Parliament for the 2026/27 Financial Year, held at Gordon House on Thursday, February 12.
Allen outlined that the Government’s priorities include strengthening bilateral ties with traditional and non-traditional partners, while advancing the United Nations (UN) 80 multilateral reform efforts and global action against transnational crime.
He emphasised that this builds on a successful 2025/26, during which the Government advanced Jamaica’s diplomatic, multilateral and trade agenda with a strong focus on resilience, strategic planning, partnerships and post-disaster recovery.
“Jamaica’s leadership on the regional stage was particularly evident during its tenure as Chair of the CARICOM (Caribbean Community) Conference of Heads of Government, from July to December 2025,” Allen stated.
He noted that during this period, intra-regional airlift expanded, trade cooperation deepened, and concrete progress was made on food and nutrition security initiatives, youth development and cybersecurity.
“Regional security cooperation was also advanced through sharing of best practices and engagement on transnational organised crime, alongside strengthened CARICOM-Africa relationships,” Allen outlined.
In the international arena, he noted that Jamaica signed the UN Cybercrime Convention, ratified the Biodiversity Beyond National Jurisdiction Agreement, advanced a legislative framework for deep seabed mining, and began preparations to strengthen compliance with UN Security Council resolutions on counterterrorism and non-proliferation.
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