What Threats (Political, Social, and Economic Exist That Could Be a Deterrent for U.S. Multinationals in Jamai

Question by jackiemarket: What Threats (Political, Social, and Economic exist that could be a deterrent for U.S. multinationals in jamai

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Answer by barisadlertx
The United States maintains close and productive relations with the Government of Jamaica. Prime Minister Patterson has visited Washington, DC, several times since assuming office in 1992. In April 2001, Prime Minister Patterson and other Caribbean leaders met with President Bush during the Summit of the Americas in Quebec, Canada, at which a “Third Border Initiative” was launched to deepen U.S. cooperation with Caribbean nations and enhance economic development and integration of the Caribbean nations. The United States is Jamaica’s most important trading partner: bilateral trade in goods in 2000 was almost $ 2 billion. Jamaica is a popular destination for American tourists; more than 800,000 Americans visited in 2000. In addition, some 10,000 American citizens, including many dual-nationals born on the island, permanently reside in Jamaica.

The Government of Jamaica also seeks to attract U.S. investment and supports efforts to create a Free Trade Area of the Americans (FTAA). More than 80 U.S. firms have operations in Jamaica, and total U.S. investment is estimated at more than $ 1 billion. An office of the U.S. and Foreign Commercial Service, located in the embassy, actively assists American businesses seeking trade opportunities in Jamaica. The country is a beneficiary of the Caribbean Basin Trade Partner Act (CBTPA). The American Chamber of Commerce, which also is available to assist U.S. business in Jamaica, has offices in Kingston.

U.S. Agency for International Development (USAID) assistance to Jamaica since its independence in 1962 has contributed to reducing the population growth rate, the attainment of higher standards in a number of critical health indicators, and the diversification and expansion of Jamaica’s export base. USAID’s primary objective is promoting sustainable economic growth. Other key objectives are improved environmental quality and natural resource protection, strengthening democratic institutions and respect for the rule of law, as well as family planning. In fiscal year 2002, the USAID mission in Jamaica operated a program totaling more than $ 13 million in development assistance.

The Peace Corps has been in Jamaica continuously since 1962. Since then, more than 3,300 volunteers have served in the country. Today, the Peace Corps works in the following projects: Youth-at-Risk, which includes adolescent reproductive health, HIV/AIDS education, and the needs of marginalized males; water sanitation, which includes rural waste water solutions and municipal waste water treatment; and environmental education, which helps address low levels of awareness and strengthens environmental nongovernmental organizations. The Peace Corps in Jamaica fields about 70 volunteers who work in every parish on the island, including some inner-city communities in Kingston.

Jamaica is a major transit point for South American cocaine en route to the United States. It is also the largest Caribbean producer and exporter of marijuana. A significant increase in cocaine flow through Jamaica was observed during 2001. Jamaica is the embarkation point for the largest number of passengers arrested on drug charges at U.S. airports. U.S. assistance has played a vital role in stemming the flow of drugs to the United States. In fiscal year 2001, the Jamaican Government seized over 1,700 kilograms of cocaine. Several large seizures in late 2001 contributed to a doubling of interdicted cocaine during calendar year 2001 over 2000. The Jamaican Government eradicated 436 hectares of marijuana in 2001, nearly 800 hectares short of its 1,200 hectare goal. Authorities also seized and destroyed 72.6 metric tons of marijuana in 2001, a sizable increase over 2000. Over 7,450 drug arrests were made in 2001, including 415 foreigners. A bilateral maritime interdiction cooperation agreement is facilitating U.S. Coast Guard and Jamaican military coordination.

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