MSMEs Urged to Make Use of Arbitration in Settling Commercial Disputes

Story Highlights Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, is encouraging micro, small and medium-sized enterprises (MSMEs) to make use of the Arbitration Act in resolving commercial disputes. Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, is encouraging micro, small and medium-sized enterprises (MSMEs) to make use of the Arbitration Act in resolving commercial disputes.The legislation, passed in Parliament in April 2017, seeks to facilitate domestic and international trade and commerce, by providing an effective non-judicial mechanism for settling disputes between contracting parties. It provides for greater flexibility and efficiency in comparison to litigation.The State Minister, who was speaking at the opening ceremony for the Arbitration Week Conference 2019 at the Spanish Court Hotel, New Kingston on Thursday (June 27), said that the legislation is particularly important for local enterprises seeking to access international markets.“What we have been saying to our MSMEs is, to access international markets, you have to look to partnerships; you have to look to commercial arrangements with investors and other companies to get a fair share of the market space. In those commercial arrangements, clearly, a strong dispute settlement regime is critical to underpin those,” he said.“We now have the framework that we can take advantage of. It is now up to us to take advantage of that to truly unleash our economic potential,” Mr. Green added.Noting that the Government continues to streamline the process of doing business in Jamaica, he said equally important in attracting international investment is the presence of an effective arbitration mechanism.“It factors strongly in the ‘Doing Business’ report and our mechanisms for settling disputes. We have to constantly work to strengthen those mechanisms so that those who seek to do business here in Jamaica and seek to invest, are assured there is an easy, time bound, cost effective way to settle disputes. For us, arbitration is the answer,” he said.The two-day conference, which closes on Friday (June 28), is being hosted by the Jamaica International Arbitration Centre (JAIAC) in association with the Jamaican Institute of Quantity Surveyors.It features panel discussions on Sport, Entertainment and Marijuana; Maritime Claims; Judicial Support; Damages and Valuation; and Third Party Funding.The event is part of activities to observe Arbitration Week 2019 from June 23 to 29 under the theme ‘The Journey Continues – Securing Sustainability in a Service Reliant Economy: Opportunities, Dispute Management and Improvement in Gross Domestic Product’. The State Minister, who was speaking at the opening ceremony for the Arbitration Week Conference 2019 at the Spanish Court Hotel, New Kingston on Thursday (June 27), said that the legislation is particularly important for local enterprises seeking to access international markets. The legislation, passed in Parliament in April 2017, seeks to facilitate domestic and international trade and commerce, by providing an effective non-judicial mechanism for settling disputes between contracting parties. It provides for greater flexibility and efficiency in comparison to litigation. read more

Tourism Minister Highlights Main Areas of MoU with Kenya

The MoU was signed on Monday, August 5, by Minister Bartlett and Kenya’s Cabinet Secretary for Foreign Affairs, Ambassador Monica Juma, at the Office of the Prime Minister. Story Highlights Tourism Minister, Hon. Edmund Bartlett, says the Memorandum of Understanding (MoU) on Cooperation in the Field of Tourism, signed between Jamaica and the Republic of Kenya, will result in greater interactions between both countries.The Minister was speaking at a press briefing, held at the Tourism Ministry’s New Kingston offices, today (August 7).The MoU was signed on Monday, August 5, by Minister Bartlett and Kenya’s Cabinet Secretary for Foreign Affairs, Ambassador Monica Juma, at the Office of the Prime Minister.Providing details on the MoU, Mr. Bartlett said the document calls for exchange of information and data related to tourism and experience sharing in the use of information technology platforms within the tourism sector.He noted that the MoU also provides for the exchange of information on the tourism sector regulations and enforcement mechanisms; the exchange of knowledge and experience in beach management programmes; the exchange of knowledge and expertise in public-private partnerships; and the exchange of information on cruise ship management programmes.In addition, the MoU provides for the exchange of knowledge and expertise in cultural and heritage tourism development programmes; and the exchange of cooperation between tourism stakeholders, including hotels, tour operators and media, in the areas of promotion, marketing, destination development and management.It also establishes exchange programmes for cooperation in human resource development; encourages investment in the tourism and hospitality sector; participation in travel fairs and exhibitions in both countries; and to promote safe, ethical and sustainable tourism.There is also the establishment of a satellite centre of the Global Tourism Resilience and Crisis Management Centre in Kenya.“These represent the critical pillars on which the Memorandum is predicated, but of course much of what is not here will be the daily practices and the essence of what tourism is about, which is change. As new markets/demographics emerge…new practices have to be brought into play,” Mr. Bartlett said.The Minister also informed that Jamaica will be providing full support to Kenya for hosting the World Tourism Organization (UNWTO) general assembly in 2021.For his part, Kenya’s Cabinet Secretary for Tourism, Hon. Najib Balala, welcomed Jamaica’s endorsement, noting that “it will be a great opportunity for Africa to host such an important event.” Tourism Minister, Hon. Edmund Bartlett, says the Memorandum of Understanding (MoU) on Cooperation in the Field of Tourism, signed between Jamaica and the Republic of Kenya, will result in greater interactions between both countries. The Minister was speaking at a press briefing, held at the Tourism Ministry’s New Kingston offices, today (August 7). read more