Obama’s visit a once-in-a- lifetime opportunity

As excitement builds about the impending brief visit of US President Barack Obama, the American Chamber of Commerce thinks that it represents a once in a lifetime opportunity to expand trade via the Caribbean Basin Initiative (CBI).

The American Chambers of Commerce Jamaica (AMCHAM) and Trinidad and Tobago are currently piloting an initiative aimed at expanding trade and investment in services between CARICOM and the United States.

The group hopes to establish a new regime dubbed Services to the Caribbean (SOCA), to advance executive, legislative, and business-to-business (B2B) initiatives between CARICOM businesses and the US. Ultimately, AMCHAM believes that the services sector is the way to expand economic growth and jobs for Jamaica and its Caricom neighbours.