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Stabroek News

Asian tragedy will not disrupt local commerce
published: Tuesday | January 4, 2005


Frankson

BUSINESS ORGANISATIONS yesterday reported that they were not expecting disruptions in trade as a result of the tsunami, which rocked several south Asian countries on December 26.

According to Trevor Fearon, executive director of the Jamaica Chamber of Commerce, although it was early, there have been no reports of any interruptions in trade.

The Jamaica Exporters' Association said it was currently undertaking an analysis to ascertain whether any local trader would be affected.

On Saturday, several United States businesses dependent on manufacturing and raw materials from southern Asia also reported few major disruptions in their supply chain from the tsunami-devastated region.

But some firms were yet to assess possible damage or supply problems because they were still trying to determine whether employees and their families were safe.

Among them was Frank Spadaro, president of Spadaro International, a Jamaica and New York-based customs freight forwarder.

Contacted yesterday Doreen Frankson, president of the Jamaica Manufacturers' Association, also said the disaster was not expected to impact seriously on local businesses.

"We are trying to assess the situation but it would take some time to gather the information," she said.

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