JIS News

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  • amaica and Canada could benefit from increased trade opportunities through the Global Logistics Hub initiative, says Minister of Industry, Investment and Commerce, Hon. Anthony Hylton.
  • He noted that Jamaica sits in a highly strategic geographical position with the potential to facilitate trade between North American exporters and international markets.
  • Also, opportunities for investment in Jamaica were presented to key government agencies and several top private companies (including the banking sector).

Jamaica and Canada could benefit from increased trade opportunities through the Global Logistics Hub initiative, says Minister of Industry, Investment and Commerce, Hon. Anthony Hylton.

The Minister was giving an update on his Ministerial mission to Canada from October 1to10 at a press briefing on Tuesday, October 15, at his New Kingston offices.

He informed that significant interest was expressed by the Canadians in using the logistics hub as a platform for Canadian commerce with the Caribbean and Latin America.

He noted that Jamaica sits in a highly strategic geographical position with the potential to facilitate trade between North American exporters and international markets.

“The Jamaica logistics hub will offer Canada a platform to serve the Latin American market. We anticipate that when the hub is fully operational, Canadian companies will be establishing distribution centres within the logistics hub,” the Industry Minister said.

During the trip to Canada, the Jamaican delegation met with provincial and federal officers, and airport and port operators, as well as representatives from some of the companies doing the actual trading.

Also, opportunities for investment in Jamaica were presented to key government agencies and several top private companies (including the banking sector) with an emphasis on the specific growth opportunities associated with the logistics hub.

There were also a number of other activities including: round table discussions; investment fora; meetings; factory tours; meetings with Diaspora association members; media interviews; and airport and port visits.

Mr. Hylton said the mission to Canada affirmed his belief that several private firms in Canada are good candidates for participation both in current expansion projects and future developments in Jamaica.

“This (trip) was a joint engagement between Government and the private sector and I think it was very well executed given the timeframe available. Most importantly, several new trajectories and partnership opportunities have now been identified that can potentially lead to rapid advancement of Jamaica’s logistics hub,” he stated.

He added that overall, the mission provided a best practice learning experience on infrastructure development and concretised some investment projects. “We need to focus on implementation with a sense of urgency,” Mr. Hylton said.

The mission was supported by the Jamaica Promotions Corporation (JAMPRO) and the delegation included representatives from Jamaica Chamber of Commerce (JCC) and the Jamaica Logistics Task Force.

The Logistics Hub Initiative forms part of the Government’s strategic priorities for 2013/14 and beyond, particularly in the area of job creation and economic growth.