THE YEAR 2003 presented many challenges associated to some extent with the slide in the value of the dollar. This resulted in increased operational costs for the industry at the time when all needed to reduce expenditure in order to remain competitive in to global industry.
In addition, the client is now demanding increased service at more competitive prices. This increased level of service must be concomitant with our fee structure in order to sustain our existence. A number of shipping agents have been entering the market providing customs brokerage as part of their service. The CBAJ feels it is now necessary for all stakeholders to engage in meaningful dialogue in 2004 to determine how best everyone can benefit including our client.
Despite these challenges, however, 2004 should be a good year for the shipping industry if we can implement some of the well-needed changes discussed in 2003. One that readily comes to mind is the United States Agency for International Development (USAID) funded project embarked on by the Shipping Association of Jamaica aimed at reducing some of the bureaucracy involved in the movement of cargo.
This, along with further modernisation of the Customs department, the introduction of more X-ray equipment to reduce illicit movement of cargo and the full computerisation of cargo processing systems should ensure the survival and continued growth of this very important industry.
RICHARD MINOTT
President
Customs Brokers
Association of Jamaica
