The Ministry of Industry and Commerce is seeking a waiver on import taxes on ice due to a shortage of supply in the local market.

The ministry in a release said it has made an application for the waiver of the Common External Tariff on ice following consultations with local ice manufacturers and discovered that the recent fire at Pure National Limited, which caused extensive property damage, resulted in the importation of ice.

According to the ministry, over 90 per cent of Pure National suffered damage and the company is working to restore its operation by mid-2025. In the meantime, imported ice is being brought into the island to meet demand over the next six months.

“This measure is necessary to ensure an adequate supply of ice for the festive season while also supporting key sectors such as food and beverage and tourism. The ministry is mindful of concerns regarding pricing and has directed the Consumer Affairs Commission (CAC), a portfolio agency, to closely monitor the market and ensure that consumers receive fair prices for ice during this [holiday] period and beyond,” a statement from the ministry outlined.

The ministry further emphasised its commitment to monitoring and addressing pricing concerns while ensuring the consistent supply of quality goods and services to support the Jamaican economy in being productive and efficient. At the same time, it encouraged Jamaicans to remain vigilant with product prices, especially during the holidays, and to immediately report to the (CAC) any signs of price gouging using supporting documents.

Relating to the application for suspension of the CET, MIIC explained: “This measure aims to reduce importation costs and facilitate more competitive pricing for consumers. This application is currently with the CARICOM Secretariat and a response is expected during January 2025.”  The ministry also called on ice retailers to maintain fair pricing of the commodity.