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A Memorandum of Understanding (MOU) has been signed between the Jamaica Promotions Corporation (JAMPRO) and core private sector partners, for the establishment of Jamaica Trade Point, an electronic trade facilitation system. The JAMPRO implemented system is part of the Global Trade Point Network, which links over 153 trade points in 91 countries. Co-ordinated by the United Nations Conference on Trade...

Development Minister, Paul Robertson, has said the Government was engaged in a number of initiatives with overseas development partners to boost private sector growth. In the meantime, emphasis will be placed on creating an environment for local entrepreneurs, by clearing bureaucratic hurdles, which constrained the development agenda, and "fetter the private sector, which is the engine of growth," the Minister...

Minister of Development, Dr. Paul Robertson, said today that the growth prospects for world trade this year, were clouded by considerable uncertainty. Dr. Robertson made the observation in his address at a World Trade Organization (WTO) Trade and Investment Workshop, held at the Jamaica Pegasus Hotel in Kingston. Citing preliminary figures from the WTO, Dr. Robertson said the growth in...

Jamaica will begin manufacturing the world renowned Simmons bed very soon. Minister of Development, Dr. Paul Robertson, has said that the award of the manufacturing franchise to Boss Furniture Company by the Atlanta-based Simmons Company was "a fillip in Jamaica's cap, as it indicates that the country is capable of producing high quality products". He pointed out that this development...

Minister of Development in the Office of the Prime Minister, Dr. Paul Robertson, said today that Jamaica and the rest of the Caribbean was facing the challenge of positioning themselves in a fiercely competitive environment, driven by liberalized trade and investment regimes. He pointed out that although the Government had taken steps to strengthen legislation or introduce new ones, modernize...

Deputy Director of the Directorate for Finance, Fiscal and Enterprise Affairs of the Organization for Economic Co-operation and Development (OECD), Rainer Geiger, has said that three main issues would dominate tomorrow's (March 11) Caribbean Rim Investment Conference at the Jamaica Conference Centre. Mr. Geiger informed JIS News that three countries had participated in a pilot project designed to explore issues...

Jamaica Promotions Corporation (JAMPRO) is partnering with the Organization for Economic Co-operation and Development (OECD) and the Inter-American Development Bank (IDB) to highlight issues related to foreign direct investment (FDI) in the region. This will be the focus of discussions at the Caribbean Rim Investment Initiative Conference (CRII) at the Jamaica Conference Centre on March 11, 2003. JAMPRO's President, Mrs....

The Jamaica Exporters Association (JEA) launched the Jamaica Cluster Competitiveness Project (JCCP) last week (Feb. 21) at a summit attended by representatives from various sectors of the economy. The JCCP is designed to improve the competitiveness of local companies in both the local and international markets. It was launched under the theme 'Practical Results to Increase Export Competitiveness' at the...

Government is spearheading legislation aimed at revising the incentive scheme regimes, to consolidate and simplifying present systems and to encourage greater private sector involvement in economic development. Making the announcement on Tuesday (Feb. 4), Minister of Development, Dr. Paul Robertson, said that discussions were now taking place on issues dealing with corporate income tax rate and incentives to support infrastructure...

Minister of Development, Dr. Paul Robertson, on Friday (Nov. 29), officially launched the 2003 line of locally-manufactured vehicles known as "the Island Cruiser" in Savanna-La-Mar, Westmoreland. The four new vehicles manufactured in Western Jamaica by Excel Motors Limited, were unveiled to the public by Dr. Robertson. The vehicles boast strong fiber-glass material manufactured here, using Jamaican labor, and fitted with imported...