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The Jamaican government has announced a stimulus package to jump-start sagging sales and hence revenue for the government’s coffers, in the once thriving motor vehicle trade, where the sale of new vehicles is down as much as forty percent.

Information Minister Daryl Vaz told journalists at a Post-cabinet media briefing September 9, 2009 that under the stimulus package there will be significant reductions in import duties on motor cars, sports utility vehicles and pickups.

In the cars and SUVs category import duties have been reduced by percentage points ranging from nineteen percentage points for 1,000 CC to 1,600 CC vehicles to 62 percentage points for vehicles from 2,000 CCs to 3,200 CCs.

In the pickups category the import duties have been reduced by as much as fifty-four percentage points.

The move is expected to rejuvenate the motor vehicle sector which has endured twin-shocks from failing unregulated financial schemes as well as the impact of the global recession on Jamaica.

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